Reported about 1 year ago
Despite uncertainties faced by crypto miners post the halving event, Cantor Fitzgerald analysts are positive about the Bitcoin mining sector, stating that Bitcoin prices have stayed high, and publicly traded miners can mine Bitcoin profitably. They emphasize on growth being a significant focus for miners, with new equipment deployments enhancing hash rate capacity and lowering mining costs. Cantor Fitzgerald has begun research coverage on 7 stocks, all rated 'Overweight,' pointing to companies like Cleanspark, Marathon Digital, and Riot Platforms as leading players. The report predicts a significant increase in hash rate capacity among the miners covered and is bullish on the future price of Bitcoin despite the challenges posed by halving events.
Source: YAHOO