Investment bank Compass Point downgraded Bitcoin mining company's MARA rating to sell

Odaily Planet Daily News: Investment bank Compass Point has downgraded the stock rating of Bitcoin mining company Marathon Digital (NASDAQ: MARA) from "neutral" to "sell", and significantly lowered its target price from $25 to $9.50, with more than 25% downside potential compared to the current stock price of about $13. Analysts point out that Marathon's current cash consumption rate is unsustainable and may lead to dilution of shareholder equity. In addition, the trading price of the company's stock has a premium relative to Bitcoin itself, which is not ideal for investors seeking Bitcoin exposure. （CoinDesk）