5 Bitcoin Mining Stocks to Buy Now

2. Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Number of Hedge Fund Holders: 15

Marathon Digital Holdings, Inc. (NASDAQ:MARA) is a digital asset technology company, focused on mining cryptocurrencies, developing the blockchain ecosystem, and the creation of digital assets in the United States. Marathon Digital Holdings, Inc. (NASDAQ:MARA) was incorporated in 2010 and is headquartered in Las Vegas, Nevada.

On April 5, B. Riley analyst Lucas Pipes reiterated a Buy recommendation on Marathon Digital Holdings, Inc. (NASDAQ:MARA) but slashed the firm’s price target on the stock to $57 from $59 after the company published its March operations update. The results were lower than expected because of delays in miner deployment, the analyst told investors in a research note. However, Marathon Digital Holdings, Inc. (NASDAQ:MARA)’s growth objective of 23.3 EH/s by early 2023 remains intact, and new containers are continuously being installed at Compute North’s new facilities in Texas, added the analyst.

The fourth quarter database of Insider Monkey suggests that 15 hedge funds were bullish on Marathon Digital Holdings, Inc. (NASDAQ:MARA), up from 12 funds in the preceding quarter. The total stakes held in Q4 2021 amounted to $78.15 million.