Bitcoin Minor Mara Holdings (Mara) Stock on Friday to comrades. First quarterly results Remember the estimates of Wall Street, as the company’s focus when reduced costs is seen as positive by analysts.
Jefferies analysts said with bitcoin BTC,103,267.44 In the second quarter of this year, the price improvement and hit more durable energy sources such as solar and flared gas-powered data centers are focusing on, the upcoming quarters should reduce the cost of electricity and help in margin.
Analyst Jonathan Peterson said in a note, “Mara is expanding the infrastructure in its 114 MW wind farm and its 25 MW micro micro micro -flared gas data center is fully activated, both must reduce the cost of electricity.”
If the mining firm continues to buy such power sources, it will help in the company’s profitability, Pietersen wrote. “Continuous acquisition of power assets expect to reduce the cost of energy, expand margins and prepare the firm better for the next command.” Peterson repeated his hold rating on stock, while the price target increased from $ 13 to $ 16.
Bitcoin mining, once a very profitable business, has seen its profit margin to a large extent during the final bear market and even more recent the recent prizes were cut off by half. To make cases worse, the cost of increasing power for mining has continued to plague margin.
This squeeze has forced most of the miners to diversify its business in other sources of revenue, including Artificial Intelligence (AI) and high-demonstrations hosting the data center. Mara was one of the few miners who did not immediately jump into the AI sector, but focused on other routes of diversification, such as transactions revenue services, Mining poolBuying bitcoins in the open market and reducing the cost of electricity through green energy sources.
A raga was killed with the last point market about the cost of low power.
HC Venrite analyst Kevin Dead said that this is the same that separates Mara from its mining peers: “Last night the commentary made it clear that the company focuses on technology development in its original vertical of its power conversion … Driving on the void with a peel eye on the driving energy cost.”
He said, “We do it again to migrate our mining businesses to address the HPC opportunity to develop here gradually to overcome the strategy of Maras Mara against mining contestants.”
Dead, which has a purchase rating and price target of $ 28, would also be able to reduce the cost by focusing on such power sources to echo the feeling.
“Our opinion on it, we agreed to overwhelm out to create an opportunity to create an opportunity by exploiting unused power or improving the efficiency of power used,” he said.
Mara’s shares rose by 9% on Friday, while Coinseers Vulciri Bitcoin Minors ETF (WGMI) fell by about 0.3%.
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