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Title: MARA Holdings (MARA) Stock: Bitcoin Miner Powers Through Crypto Volatility
Despite the ongoing crypto market volatility, MARA Holdings (MARA) stock is defying expectations by powering through the storm. J.P. Morgan has recently raised its price target for MARA from $18 to $19 while maintaining a neutral rating.
The miner’s impressive Q1 results have likely contributed to this decision. In the first quarter of 2025, MARA achieved an exceptional hash rate performance, boasting a 95% year-over-year increase in mining capacity. This remarkable growth comes as the broader crypto market faces challenges and uncertainty.
In addition to these outstanding results, MARA demonstrated significant cost reductions, with a 25% decrease in its cost per petahash compared to the same period last year. This reduction in costs has allowed the company to grow revenue by an impressive 30%, reaching $213.9 million during Q1.
The company’s vertically integrated operations are a key factor in these strong results. By focusing on energy-efficient data centers, MARA is able to improve margins and enhance operational control. The miner aims to expand its infrastructure across multiple locations while emphasizing the importance of sustainability through its data center construction efforts.
J.P. Morgan expects continued growth from this integrated model going forward, which could potentially lead to further increases in MARA’s stock value. While the bitcoin mining sector may continue to be affected by market fluctuations and adjustments in network hash rates and mining difficulty, MARA has demonstrated its resilience and commitment to efficiency.
As a result, investors should remain optimistic about the company’s prospects despite the turbulent crypto landscape.
Source: coincentral.com
