Will Canny is CoinDesk's finance reporter.
price forecast to $90K from $80K and updated estimates for mining stocks in its coverage, the broker said in a research report on Thursday.“With a new bitcoin bull cycle, strong ETF inflows, aggressive miner capacity expansion, and all-time high miner dollar revenues, we continue to find bitcoin miners compelling buys for equity investors seeking exposure to the crypto cycle,” wrote analysts Gautam Chhugani and Mahika Sapra.
It trimmed its price target for outperform-rated Riot Platforms to $22 from $$22.50 and lifted its Marathon Digital price target to $23 from $14.30.Riot and CleanSpark are set to emerge as leaders in the sector, as the “largest miners with the largest self-mining capacity,” the report added.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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