According to Odaily, investment bank Compass Point has downgraded the stock rating of Bitcoin mining company Marathon Digital (NASDAQ: MARA) from 'neutral' to 'sell'. The target price has been significantly reduced from $25 to $9.50, indicating a potential downside of over 25% from the current stock price of approximately $13. Analysts have highlighted that Marathon's current rate of cash consumption is unsustainable, which could lead to shareholder equity dilution. Additionally, the stock is trading at a premium relative to Bitcoin itself, which is not ideal for investors seeking exposure to Bitcoin.

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