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Marathon Digital Gets Wall Street’s Kiss of Death: Compass Point Slams ’Unsustainable’ Mining Operation
Marathon Digital Gets Wall Street’s Kiss of Death: Compass Point Slams ’Unsustainable’ Mining Operation
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Another day, another crypto miner getting roasted by analysts. Compass Point just downgraded Marathon Digital to ’Sell’—turns out burning cash faster than a Bitcoin halving cuts rewards isn’t a sustainable business model. Who knew?
Wall Street’s latest reality check hits as Marathon’s stock tanks. Because nothing says ’healthy company’ like needing to sell mined coins just to keep the lights on. But hey, at least their CFO gets to practice those emergency capital raise skills.
Meanwhile, Bitcoin keeps humming along—completely indifferent to which overleveraged mining operation implodes next. The ultimate decentralized middle finger to traditional finance’s spreadsheet warriors.
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