Bear of the Day: Marathon Digital (MARA)
Marathon(MARA) ZACKS·2024-06-04 19:21
Marathon Digital Holdings ((MARA) is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. I recently told my investor group to buy MARA under $20 before the infamous "Bitcoin Halving" on April 20 because I believed that all the pessimism had been discounted since the stock had just fallen nearly 50%. Fast forward six weeks and it seems like the stock is still stuck in the same old place. And their quarterly report in e ...