I was watching this video from Computerphile and at 10:03 you can see this:
where T1 and T2 are threads, and under them are machine instructions.
Does it mean a thread is basically made up of a sequence of machine instructions?
Already tried to read online articles and watched youtube videos.

Well, at the end of the day, everything that a processor executes is a machine instruction from its instruction set (at least at micro-architecture level of abstraction; if you want to go further at logic gate level then it's bits; if you want to go further at electronics level then it's voltages, etc.).
So yes, a thread is nothing but a sequence of machine instructions as you saw in that video.