Bitcoin miners are still generating healthy profits, despite the sharp selloff in crypto prices and an increase in the network hashrate, Wall Street investment firm D.A. Davidson’s analyst wrote on Tuesday.“Since the late-October peak, hash price ($/TH/day) has fallen from over $0.40 to just $0.22 today yet gross margins remain quite healthy, around 85% down from 91% at peak,” … [Read more...] about Bitcoin Miners’ Margins Are Still ‘Quite Healthy’ Even After Recent Selloff: D.A. Davidson
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Crypto Miner Sell-Off ‘Too Much Too Fast,’ Says DA Davidson Analyst
The recent sell-off in the shares of cryptocurrency miners have created buying opportunities across the group, Christopher Brendler, an analyst at Wall Street investment banking firm DA Davidson, wrote in a research note dated Nov. 29.Mining stocks have tumbled in recent weeks after a rally in October, and are logging a strong start to November. The recent drop corresponds with … [Read more...] about Crypto Miner Sell-Off ‘Too Much Too Fast,’ Says DA Davidson Analyst
Marathon Digital Sell-Off a Buying Opportunity, DA Davidson Analyst Says
The decline of the bitcoin miner’s shares because of the SEC’s subpoena and convertible debt offering is “overdone,” according to the firm. Nov 16, 2021 at 4:56 p.m. UTCUpdated Nov 16, 2021 at 5:24 p.m. UTCMarathon Digital CEO Fred Thiel (CoinDesk "First Mover" screenshot) Source link … [Read more...] about Marathon Digital Sell-Off a Buying Opportunity, DA Davidson Analyst Says
Stronghold Digital Outperforms Peers After DA Davidson Buy Rating
Stronghold Digital (SDIG), the bitcoin mining company that converts coal waste into power for its operations, outperformed its mining peers on Monday after the investment bank DA Davidson slapped a buy rating on the company and said it sees potential for shares to rise more than 50% over the next 12 months. Source link … [Read more...] about Stronghold Digital Outperforms Peers After DA Davidson Buy Rating