There’s no stopping Bitcoin right now. BTC is now trading at all-time highs and dragging any satellite companies associated with it along for the ride. Case in point: Shares of bitcoin miner Marathon (MARA) skyrocketed 67% this week, taking 2021’s tally to a year-to-date gain of 260%. The rising bitcoin price has demanded a rethink from H.C. Wainwright analyst Kevin Dede regarding his Marathon model. Accordingly, Dede increased his 2021 estimates from the prior revenue forecast of $161.2 million and EPS of $1.10 to $195.7 million and $1.20, respectively.
https://www.tipranks.com/news/article/marathon-higher-bitcoin-price-merits-higher-valuation