Stronghold Digital Mining price target lowered to $0.50 from $1.00 at B. Riley

B. Riley analyst Lucas Pipes lowered the firm’s price target on Stronghold Digital Mining to $0.50 from $1.00 and keeps a Neutral rating on the shares. While B. Riley believes that the recently proposed excise tax is unlikely to go without major revision or outright elimination, it would have major impacts on the industry, the analyst tells investors in a research note.