5 Crypto Stocks To Avoid During The SEC Crackdown

4. Marathon Digital Holdings Inc (NASDAQ:MARA)

Number of Hedge Fund Holders: 13

B. Riley analysts hold a Neutral rating on Marathon Digital Holdings Inc (NASDAQ:MARA) shares as of May 15.

At the end of the first quarter, 13 hedge funds held stakes in Marathon Digital Holdings Inc (NASDAQ:MARA). Their total stake value was $19.9 million.

Marathon Digital Holdings Inc (NASDAQ:MARA) focuses on the blockchain ecosystem in its digital asset mining business.

Horizon Kinetics LLC mentioned Marathon Digital Holdings Inc (NASDAQ:MARA) in its first-quarter 2022 investor letter:

“Investors also tend to not give sufficient credit to the power of management to enhance or create additional value with such an asset. The commercialization of land requires considerable management expertise. This particular transaction involves two other parties that will build and operate up to 60 megawatts of bitcoin mining, which was stated could accommodate up to 2.0 Exahash of operational capacity. That is quite sizable. As a reference point, Marathon Digital Holdings (NASDAQ:MARA), which has a $1.0 billion stock market value, even after a year-to-date decline of 70%, had about 3.6 EH/s of capacity at year-end 2021, though it expects to reach 13.3 EH/s during this calendar year. The TPL venture is expected to begin operations in the fourth quarter of this year.”