Lewis kept his buy rating on all four mining stocks he covers – Riot Blockchain (RIOT), CleanSpark (CLSK), Core Scientific (CORZ) and Marathon Digital (MARA) – and remains optimistic about the longer-term outlook for the industry. “Not surprisingly, our BTC mining price targets are highly sensitive to our BTC price estimate; hence a near-term BTC price of ~$40K points to 30%-40% upside to our price targets, while a BTC price of $50K points to 90%-100% upside to our price targets,” he wrote.
Related posts
-
US Bitcoin Reserve Proposal: A New Weapon for Economic Stability
The Bitcoin Policy Institute (BPI) has released a report advocating for a strategic bitcoin reserve (SBR)... -
Bitcoin (BTC) Mining Startup Promises Free Money to Renewable Energy Companies
This is where bitcoin mining, Marr realized, can provide a profitable solution. If a solar plant,... -
First UK Pension Fund Invests in Bitcoin
British pension specialist has guided the U.K.’s first pension to make an allocation into bitcoin. Source...