MARA Holdings Soars on Acquisition Deal and Bitcoin Windfall
MARA Holdings Inc.'s stock has been trading up by 5.47% after announcing a transformative strategic acquisition deal.
The company's massive bitcoin stash of 35,577 BTC (worth about $2.1B) makes it a high-beta proxy on crypto moves.
Analysts are split, with price targets ranging from $6 to $12 as they digest MARA's pivot toward high-performance computing.
Morgan Stanley expects at least one HPC lease and two site leases via the Starwood JV by year-end, backing MARA's diversification push.