MARA Holdings Inc. stock rises as Bitcoin price surge

MARA's stock price increased by 15% on Nasdaq after Bitcoin's price surge

MARA Holdings Inc. (NASDAQ: MARA), a leading Bitcoin miner in North America, saw a significant increase in its stock price following a surge in the price of Bitcoin. MARA's stock price rose by 15% on Nasdaq, reaching a high of $9.41 per share.

The rise in MARA's stock price is attributed to the recent surge in the price of Bitcoin. Bitcoin, the world's largest cryptocurrency, has seen a significant increase in value over the past few weeks, reaching a high of over $24,000. The increase in Bitcoin's price has led to increased interest in Bitcoin mining, which has benefited MARA.

MARA is one of the largest Bitcoin miners in North America, with a hash rate of over 2.5 EH/s. The company has been expanding its operations rapidly and recently announced plans to build a new Bitcoin mining facility in Ohio. The new facility is expected to increase MARA's hash rate by 50%, which will further strengthen its position as a leading Bitcoin miner.

Analysts are positive on MARA's prospects

Analysts are positive on MARA's prospects, citing the company's strong position in the Bitcoin mining industry. Several analysts have raised their price targets for MARA, with some predicting that the stock could reach $15 per share in the next 12 months.

MARA's stock price is still well below its all-time high of $28.88, which was reached in November 2021. However, the recent surge in Bitcoin's price has led to renewed interest in MARA, and the company's stock price is expected to continue to rise.