.MarathonDH was named the top mining stock pick heading into 2022 by Wall Street investment bank DA Davidson. Aoyon_A reports
“Our biggest concern has been the ability to maintain margins as competition pushes hosting costs up but Marathon’s timing, scale and expertise are clearly driving advantaged access,” Brendler wrote.
Brendler has a buy recommendation on Marathon’s stock with a 12-month price target of $65. His other buy rated miners are Core Scientific, Riot Blockchain , Stronghold Digital Mining , Hut 8 Mining and Argo Blockchain .agreed to buy 78,000 Antminer S19 XP bitcoin miners from Bitmain for $879.1 million
, which is expected to help the company reach mining power of 23.3 EH/s by early 2023, a 600% increase from current levels. Marathon’s shares have fallen more than 50% since their peak on Nov. 9, while bitcoin has dropped about 30% over the same time period, according to TradingView data.8 Trends That Will Shape Bitcoin Mining in 2022The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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