Marathon Digital price target raised to $35 from $24 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Marathon Digital to $35 from $24 and keeps a Buy rating on the shares. The analyst says mining expansion is driving financials post the Q4 report. The analyst says that while exchange traded fund demand for bitcoin “is making the summer living easy,” down cycles happen, and the firm expects Marathon to be well positioned should the next bear bring hashprice to the $0.04-0.05 range as its conservative projections incorporate.