Market cap is only slightly above the value of their bitcoin holdings. Shares are being diluted in a microstrategy type play causing the price to be heavily undervalued at the moment. With bitcoin back in a bullish cycle, this mining company will be back to being a profitable business on top of its huge HODL.
35% of float is short but price is coming back up to it's 200 day MA so I can see the shorts start unraveling soon
In my eyes mara is basically a leverage play on bitcoin if you believe the hype.