Macquarie initiated coverage on several key cryptocurrency mining companies, including Marathon Digital Holdings (NASDAQ:), Core Scientific (CORZ), CleanSpark (NASDAQ:), Riot Platforms (NASDAQ:), and Cipher Mining (NASDAQ:), assigning Outperform ratings to all.
This complements their existing coverage of Iris Energy (IREN).
Macquarie said in a note to clients that the companies are well-positioned to benefit from the evolving digital asset landscape, especially as they diversify their operations to include AI and high-performance computing (HPC).
The firm highlighted two distinct strategies within the crypto-mining sector.
One approach involves miners capitalizing on their access to power infrastructure by diversifying into hosting for non-crypto-related services,…
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