MARA Stock Soars as Bitcoin Rebound Boosts Crypto Miner

MARA stock is rallying today, having gained 4.8% in pre-open trading to reach $13.88.

This extends a powerful month-long recovery for the company, which has been fueled by a sharp rebound in Bitcoin prices toward the $85,000 level.

As one of the largest publicly traded Bitcoin miners, MARA's share price moves closely with the cryptocurrency, and Friday's surge in Bitcoin carried directly into today's pre-market session.

The recent initiation of coverage by H.C. Wainwright has also added to the bullish sentiment surrounding MARA stock, as they began coverage on September 17 with a Buy rating and a $20 price target.