Marathon Digital Named Top Mining Pick Heading Into 2022 by DA Davidson

Marathon Digital Named Top Mining Pick Heading Into 2022 by DA Davidson
Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, was named top mining stock pick heading into 2022 by DA Davidson. The Wall Street investment bank believes that Marathon’s shares have compelling upside after a recent sell off.“With its new low-cost Texas facility and massive new Bitmain order, we project MARA to reach 23 EH/s by 1Q23 without additional capital raises,” analyst Christopher Brendler wrote.Brendler sees upside for all six miners that he covers, as he expects better returns in mining stocks than via bitcoin itself. However, Marathon is his top pick as the shares have been one…