I find it interesting a bigger article came out today at Ameritrade on this but here is a interesting thought, if you look at Brendler his calls have been spot on, He downgraded the 2 miners who may be BK but upgraded $Riot Blockchain, Inc.(RIOT)$ and $Marathon Digital Holdings Inc(MARA)$ who he thinks are buys and will rise. So is he right on Mara and RIOT? Thoughts?
"D.A. Davidson analyst Christopher Brendler wrote in a note that "while we still believe in Bitcoin and see even more upside in the miners, it's time to be even more selective as the pain of a sustained bear market has stressed all but the best positioned."
While Brendler downgraded the entire sector, he favored Riot Blockchain (RIOT) and Marathon Digital (MARA) with Buy ratings. He only downgraded Core Scientific and Argo Blockchain to Neutral.
It's a sign that while Wall Street has picked up on the problems at crypto miners, ratings may not fully reflect the severity of the situation."
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