Marathon, Riot among most overvalued Bitcoin mining stocks: Report

Bitcoin mining analyst Jaran Mellerud said there are “better-priced opportunities” that could even out the valuation discrepancies between the mining stocks.) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud.

“These companies have historically been favored among institutional investors like Blackrock and Vanguard, giving them superior access to capital and higher valuations like the rest of the industry.” “There exist immense valuation discrepancies in the Bitcoin mining sector that value investors can take advantage of."

Source: News Formal (newsformal.com)

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