3 IT Stocks to Sell Before They Die
@feelond:
Larry RamerMarathon Digital ($Marathon Digital Holdings Inc(MARA)$ )Marathon Digital (NASDAQ:MARA)focuses on miningBitcoin. In addition to being badly hurt by the falling price of Bitcoin, the company’s second-quarter results were negatively impacted by rising electricity prices and higher energy costs. Unfortunately, rising costs and falling revenue are not a formula for success for any company.With theFederal Reserve continuing to tightenmonetary policy, Bitcoin’s value is likely to remain depressed for some time. Meanwhile, regulators are looking to crack down on cryptos in general and bitcoin mining in particular, creating big risks for Marathon and the owners of MARA stock.Finally, as of the end of Q2, thecompany had just $86.5million of