Marathon Digital Holdings, the largest publicly listed Bitcoin miner on Wall Street, has received an "Outperform" rating from financial group Macquarie. Macquarie initiated coverage of Marathon's shares due to the company's moves toward the artificial intelligence (AI) industry. The stock is expected to grow by nearly 50% in the coming weeks and months. The company's focus on AI follows a trend in the mining sector and could unlock $38 billion in value for mining companies by 2027, according to investment management firm VanEck. While Marathon's stock has fallen by 35% this year, the company produced 705 bitcoins in September and is on track to reach its target of 50 EH/s by the end of 2024.



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