Crypto Mining Stocks Have Huge Upside, Says DA Davidson as It Slashes Hashrate Forecasts

Compared to a June 6 note, D.A. Davidson increased its 2022 upside expectations for Core Scientific (CORZ) and Riot Blockchain (RIOT) to 355% and 189%, respectively, and decreased its forecast for Marathon, Hut 8 (HUT), Argo Blockchain (ARBK) and Stronghold Digital Mining (SDIG) to 228%, 175%, 121% and 81%, respectively.