News about MARA

Piper Sandler cut price targets on MARA, Riot and Hut 8, citing hotter inflation, higher oil prices that revived rate-hike concerns, and repriced credit for data center debt. Despite the cuts, MARA rose 4% to $7.65 and Hut 8 rose 4% to $70.61, while Riot gained only 0.5% to $14.04. Piper Sandler kept an Overweight rating on MARA and still said the shares look attractive after the selloff. Bitcoin was up 0.7% to $82,519 over 24 hours, and the CoinShares Bitcoin Mining and Digital Power ETF (WGMI) rose 1% to $31.95.