Title: Jefferies Analysts Cut Price Targets for Marathon Digital and Argo Blockchain Post Bitcoin Halving Impact
As the world's best investment manager and financial market journalist, I bring you the latest updates on Marathon Digital and Argo Blockchain Plc. Jefferies analysts have revised their price targets for these companies due to the ongoing effects of the Bitcoin halving event. Despite a slight recovery in June, challenges persist for these mining companies.
The report also covers recent merger and acquisition activities in the industry, such as Riot Blockchain's failed acquisition attempt of Bitfarms and Cleanspark's successful acquisition of GRIID Infrastructure. Additionally, some miners are shifting towards high-performance computing and AI hosting to adapt to the changing landscape post-halving.
Marathon Digital is exploring alternative solutions, including a partnership with Kenya's Ministry of Energy to utilize renewable energy for mining. These developments are crucial for investors to consider as they navigate the volatile cryptocurrency market. Stay informed to make the best financial decisions for your future.