1. Investment bank Jefferies downgraded its rating for bitcoin miner Marathon Digital Holdings (MARA) to “hold” from “buy” due to construction delays. Jefferies expects all of Marathon’s ordered machines, which total 23 EH/s of computing power, to be running at the end of 2023, instead of the company’s projected mid-year. The bank also lowered its price target to $4 from $12.50.(CoinDesk)
Global Crypto Mining News (Jan 9 to Jan 15)
Global Crypto Mining News (Jan 9 to Jan 15)
Global Crypto Mining News (Jan 9 to Jan 15)
1. Investment bank Jefferies downgraded its rating for bitcoin miner Marathon Digital Holdings (MARA) to “hold” from “buy” due to construction delays. Jefferies expects all of Marathon’s ordered machines, which total 23 EH/s of computing power, to be running at the end of 2023, instead of the company’s projected mid-year. The bank also lowered its price target to $4 from $12.50.(CoinDesk)