BTCC
/
BTCC Square
/
Coindesk
/
Marathon Digital Gets Wall Street’s Kiss of Death: Compass Point Slaps ’Sell’ Rating as Cash Inferno Rages
Marathon Digital Gets Wall Street’s Kiss of Death: Compass Point Slaps ’Sell’ Rating as Cash Inferno Rages
10
3
Bitcoin miner Marathon Digital just got the analyst equivalent of a flaming bag left on its doorstep. Compass Point downgraded the stock to ’Sell’—turns out burning cash faster than a proof-of-work rig burns electricity isn’t a sustainable business model. Who knew?
Wall Street’s latest reality check comes as Marathon’s financials resemble a crypto bear market chart: all downhill. The downgrade highlights the brutal economics of public mining companies when Bitcoin’s price isn’t mooning. Guess those energy bills don’t pay themselves.
Funny how these ’future of finance’ darlings still need old-school profitability to keep analysts happy. Maybe try mining fiscal discipline instead of BTC next quarter?
By:
