Crypto Miners Are ‘Literally Printing Money,’ Says Wall Street Firm DA Davidson

Crypto Miners Are ‘Literally Printing Money,’ Says Wall Street Firm DA Davidson
D.A. Davidson, the Wall Street investment banking and research firm, launched research coverage of Core Scientific, Marathon Digital, Riot Blockchain and Hut 8 Mining with buy ratings for all the stocks.The analyst Christopher Brendler sees a “huge opportunity” for the domestic miners, after bitcoin’s sustained rally and China’s sweeping crypto bans. Brendler was previously at Seaport Global and Stifel Nicolaus.“Combined with improved access to capital that’s sustaining their lead (and ‘HODL’), we expected these stocks to revalue much higher as earnings estimates crush near-term estimates, even if Bitcoin consolidates,” Brendler wrote.With U.S. miners gaining market share after China’s bans and…