Efficiency Gains Cause Research Firm To Raise Its Targets For Marathon Performance

11/19/2024 11:07:42 PM

(MENAFN- Investor Brand Network) Marathon Digital Holdings (NASDAQ: MARA) , a leading Cryptocurrency mining company, is turning heads with
its efficiency gains
and strategic growth. H.C. Wainwright, a prominent research firm, has
raised its price target
for Marathon from $27 to $28 while maintaining its“Buy” rating. The upgrade acknowledges the company's significant operational improvements and proactive strategies, demonstrating resilience and adaptability despite facing revenue challenges.

In its third-quarter earnings report for 2024, Marathon posted revenue of $131.6 million, reflecting a 9% decline from the previous quarter's $145.1 million. Despite this dip, the company delivered remarkable operational results. Marathon's energized hash rate, a key measure of mining power, surged by...

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