“Both Jefferies and HC Wainwright Analysts SAID MARA’S FOCUS ON LOWERING POWER COST, THAT DIFFERENTATES OF THE MINER FROM ITS PEERS.”, – WRITE: www.coindesk.com
Jefferies Analysts SAID THAT WITH THE BITCOIN BTC$ 103.216.70 Price Improving in the Second Quarter of this Year and Mara focusing on more Sustainable Energy Sources Such as Solar and Flared Gas-Driven Data Centers, Power Costs SHOULTE COME Margins.
“Mara is Expanding Infrastructure at Its 114 MW Wind Farm and Has Fully Energized ITS 25 MW Micro Flared Gas Data Center, Both of Wich Should Drive Drive Down Power Cos.
If the mining FIRM STINUES TO Buy Up More of Such Power Sources, It Wuld Help The Company’s Profitability, Petersen Wrote. “Continued Acquisition of Power Assets Is Expert To Further Reduce Energy Costs, Expand Margins, and Better Prepare the Firm for the Net Halning.” Peterson Reiterated his Hold Rating on the Stock, While Raising the Price Target to $ 16 from $ 13.
Bitcoin Mining, Once A Very Profitable Business, HAS SEEN ITS PROFIT Margins Crash Drastically During the Last Bear Market and Even Even More So after the recent Halving that Cut. To make matters worse, Rising Power Costs for Mining Have Continued to Plague the Margins.
This Squueze Has Forced Most Miners to Diversify their Business Into Other Sources of Revenue, Including Hosting Artificial Intelligence (AI) and High-Penters. Mara Was Among the FEW MINERS THAT DIDNN’T JUMP INTO The AI Sector Right Away, But Racher Focused on Other Avenues of Diversification, Such As Transaction Revenue Service, Mining POOK and Lowering Power Costs Via Green Energy Sources.
The Last Point About Lower Power Cost Seemed to have Struck a Chord with the Market.
HC Wainwright Kevin Dede Said this is What Separates Mara from It Mining Peers: Conversion … with a peeled Eye on Driving Energy Costs to Zero. ”
“We rehash this here in distancing Mara’s Strategy Against Mining Competitors Gently or Forceful Migrating its Mining Businesses to Address the Rapidly Evolving HPCPPORTUNITY,” HE SAID.
Dede, who have a buying and price target of $ 28, also seized to echo the Sentiment that Mara Will Be Able to Lower Costs by Focating on the Tese Types of Power Surces.
“OUR Opinion on that aside for Now, We Agree with Mara’s Overarching Objective to Create Opportunities by Exploiting Used Power Or Improving the Efficiency of Used Power,” HE.
Mara’s Shares Rose As Much As 9% on Friday, While the Coinshares Valkyrie Bitcoin Mines Etf (WGMI) Has Fallen About 0.3%.
Read More: Mara Holdings Cut to Sell at Compass Point Ahead of Earnings, Citing Cash Burn
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