Piper Sandler Starts Marathon Digital Holdings (MARA) at Overweight

Piper Sandler analyst Patrick Moley initiates coverage on Marathon Digital Holdings (NASDAQ: MARA) with a Overweight rating and a price target of $34.00.

The analyst comments "MARA Holdings, Inc. (MARA) - $7.3B MC - OW - $34 PT: Our favorite pure play bitcoin miner, MARA is the industry leader in bitcoin mining capacity (~50 EH/s EOP 4Q24E) and boasts the second-largest corporate bitcoin treasury globally (>40k BTC worth ~ $4bn). We believe MARA has a “fastest to scale” advantage in bitcoin mining and should benefit from compounding returns on a larger initial bitcoin treasury and mining fleet relative to peers."

For an analyst ratings summary and ratings history on Marathon Digital Holdings click here. For more ratings news on Marathon Digital Holdings click here.

Shares of Marathon Digital Holdings closed at $22.73 yesterday.

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