$MARA Death spiralMARA Holdings, Inc.BATS:MARAInverseTomPipMarathon Digital Holdings (MARA) has struggled with poor financial performance, making it a strong short candidate. Despite the Bitcoin boom, the company has failed to generate consistent profits, with high operational costs and inefficiencies in its mining operations. Its quarterly losses continue to pile up, and shareholder dilution remains a major risk as it frequently raises capital. Additionally, Marathon’s dependence on Bitcoin’s price exposes it to extreme volatility, and any downturn in the crypto market could further weaken its balance sheet. With ongoing concerns about profitability and operational inefficiencies, MARA’s stock remains vulnerable to significant downside pressure. InverseTomPip