Marathon Digital is developing AI platforms in collaboration with energy firms. Despite strong financial performance, analysts highlight concerns regarding the sustainability of this AI-focused strategy. The company reported Q2 revenues of $238 million and a net income of $808 million.
Analysts at Compass Point have set a price target of $18 for Marathon’s shares, which have modest growth of 2% year-to-date. With plans to diversify revenue internationally and leverage underutilized energy resources, the company’s performance hinges on the success of its AI strategy.
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