“The Broker Has An Outperform Rating on Mara Stock with A $ 28 Price Target.”, – WRITE: www.coindesk.com
Mining Roots, Announcing Late Monday that It Will Acquire A 64% Stake In Exaion, A High-Performance Computing
(HPC)
Subsidiary of French Energy Giant Edf, Broker HC WAINWRIGHT SAID IN A RESEARCH REPORT TUESDAY.
While Mara has long floated the Idea of Helping Power Companies Balance Grid Loads, HC Wainwright Analyst Kevin Dede Said He Expecrated that to Remain ATO, NITHIN A MINING-CENTRIC HPC Buildouts.
But with Bitcoin Halving Events Looming in 2028 and 2032, and Artificial Intelligence (AI) Demand Driving Premium Returns on Compute Power, Mara Is Betting Hpc Offers Strongers
Mara is the Latest Bitcoin Mining Company to pivot to ai and hpc. Core Scientific (Corz) Was First To The Party Last June, WHEN IT Announced A 12-YEAR DEAL WITH AI Cloud Provider Coreweave (CRWV). The ai company agreed to buy corz last month in an all-share deal.
The Pivot to HPC Also Positions Mara in Sovereign Cloud AI Services, A Niche Where Data Remains Private and Segregated Behind Corporate Firewalls Expertise, The Report Said.
HC Wainwright SAID The ACQUISION IS A SMART ENTRY INTO HPC, GIVING MARA CREDIVY IT MIGHT NOT ACHIEVE ON ITS OWN. The Broker Reiterated It Buy Rating on the Shares with A $ 28 Price Target. The Shares Were 0.6% Higher, Trading AROUND $ 15.76 AT PUBLICATION TIME.
While Mara’s Valuation Has Been Buoyed by Bitcoin’s Recent Rally, Treasury Adoptation, and Exchange-Traded Fund-Fueled Inflows, Risks Remain. TheSE Range from Btc Price Volatility and Network Difliculty to Capital Dilution and the Operational Challenge of Data Center Development, The Report Adeded.
Read More: Mara, Holder of Nearly $ 6b BTC, Raises $ 950m to Buy More Bitcoin
X Icon
Successful Defense of the $ 3.88- $ 3.92 Consolidation Range Suggests the Potential for Further Apprecciation of the $ 4.15- $ 4.20 Fibonacci Extension Targets.
- Dot Gained 4% After Defending Support.
- The token May Now Target the $ 4.15- $ 4.20 Zone.
Read Full Story