MARA Holdings Inc (NASDAQ:MARA) is a prominent player in the cryptocurrency mining industry. The company focuses on mining Bitcoin and has been expanding its operations to increase its mining capacity. MARA competes with other major cryptocurrency mining companies, striving to enhance its market position through strategic growth and acquisitions.
On February 27, 2025, Needham maintained its "Hold" rating for MARA, with the stock priced at $13.67. This rating comes amid a backdrop of significant financial achievements for the company. MARA reported record fourth-quarter revenues of $214.4 million, a notable increase from $131.6 million in the previous quarter, as highlighted by Benzinga.
MARA's operational growth is evident in its 115% year-over-year increase in energized hashrate, reaching 53.2 Eh/s in the fourth quarter. The company expanded its data center footprint to approximately 70% from 0% over 2024, boosting its secured energy capacity to about 1.7 GW from roughly 0.5 GW. This strategic expansion has significantly increased MARA's bitcoin holdings to 44,893 coins, valued at approximately $3.8 billion.
Despite these achievements, analyst opinions on MARA vary. Kevin Dede from HC Wainwright reiterated a Buy rating with a price target of $28, citing the company's impressive performance. In contrast, JPMorgan analyst Reginald Smith maintained a Neutral rating, indicating a more cautious outlook on the stock's future.
Currently, MARA's stock is trading at $13.70, reflecting a 10.04% increase with a change of $1.25. The stock has fluctuated between $13.205 and $14.85 during the day. Over the past year, it has reached a high of $30.71 and a low of $12.05. MARA's market capitalization is approximately $4.65 billion, with a trading volume of 51.48 million shares.
