Sprint or Long Run, Marathon Stock Is a Buy, Says Analyst

Sprint or Long Run, Marathon Stock Is a Buy, Says Analyst

It has been an eventful period in the crypto sphere. Elon Musk, China, the IRS, energy consumption, volatility - all the usual suspects have been involved lately as cryptocurrency prices from Bitcoin and beyond crashed.

Regardless of the near-term wild volatility - par for the course in crypto - it is hard to ignore the fact crypto, more than ever before, is here to stay. The crypto space is also expected to keep on providing plenty of opportunities for those well-positioned to benefit.

For B. Riley's Lucas Pipes, Marathon Digital (MARA) is one such company. Marathon specializes in mining Bitcoin, and its fortunes, like others in the space, are closely correlated to Bitcoin's performance.