2024-04-11 09:24:37 ET
Summary
- Marathon is now selling its proprietary mining technology to other Bitcoin miners.
- Using Marathon’s technology could lead to more efficient mining operations and save costs which will be critical after the halving event.
- Marathon’s technology has the potential to be an integral part of all data centers in the future.
- My price target for Marathon is $31.03, representing 73% upside from current levels.
Last February, I wrote a bullish article on Marathon Digital ( MARA ) as a proxy play to Bitcoin price movement ahead of the upcoming halving event and presidential election which have resulted in major runs in both Bitcoin and MARA stock. Since my last article, Marathon is down 33% while Bitcoin is up 30%, even reaching new all-time highs during that period. That said, I remain bullish on Marathon thanks to its recent moves to diversify its revenue streams by selling its Bitcoin mining technology....
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For further details see:
Marathon Digital: A Potential Key Cog In Post Halving Bitcoin Mining