Marathon Digital Holdings

MARA

Market cap $7.51B

In the latest trading session, Marathon Digital Holdings, Inc. (MARA) closed at $22.84, marking a +2.7% move from the previous day.

Investors were eager to hold shares of Mara Holdings (MARA 9.98%) on Tuesday. This was readily apparent with the stock's 10% rise in value on the day due in no small part to a monster price-target increase from an analyst.

This October has been good for cryptocurrencies so far. As I write this (Oct. 8), Bitcoin (CRYPTO: BTC) has gained 7% since the start of the month and 10% in the past 30 days.

Marathon Digital operates 1.1 GW of owned power capacity at $0.04/kWh, positioning it as a low-cost AI infrastructure play. The EDF Exaion acquisition gives MARA access to Tier-4, GDPR-compliant AI data centers and European enterprise clients. IREN re-rated on visible GPU contracts, while MARA awaits AI revenue from Exaion and TAE Power integration.

What if I told you there's a way to amplify Bitcoin's (BTC -1.07%) gains while actually owning a real business with assets, revenue, and (gasp!) financial statements you can analyze?

In the latest trading session, Marathon Digital Holdings, Inc. (MARA) closed at $20.25, marking a -1.56% move from the previous day.

MARA Holdings remains a Strong Buy with a 12-month price target of $25, driven by strong Bitcoin mining and strategic AI/HPC diversification. MARA's acquisition of a 64% stake in Exaion expands exposure to high-demand AI and high-processing computing, supporting long-term growth beyond Bitcoin. Despite recent outperformance, MARA trades at a discount versus peers, as the market has yet to fully price in its AI/HPC pivot and growing BTC treasury.

Welcome to the Green Stock News brief for Monday October 6th. Here are today's top headlines: Riot Platforms (NASDAQ: RIOT) produced 445 Bitcoin in September, down 7% from August but up 8% year-over-year, while selling 465 Bitcoin for $52 million in net proceeds.

Upgrading MARA Holdings to a strong buy on record Q2 results and a favorable Bitcoin setup going into the back half of the year. MARA posted $238.5M in Q2 revenue (up 64% YoY), a $1.2B gain on digital assets, and surpassed 50,000 BTC holdings. The Street projects 93% top-line growth in Q3. Tailwinds for BTC include lower interest rate expectations, with CME projecting two more cuts before year-end and strong institutional Bitcoin demand as noted by ETP ownership.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.