Explore the latest developments concerning Marathon Digital Holdings’.
MARA Shares Inch Higher In Wednesday's Pre-Market After Bitcoin Miner Targets 40% Hashrate Growth By Year-End
Shares of MARA Holdings Inc. MARA are trading higher in Wednesday’s pre-market trading after the Bitcoin BTC/USD miner announced an ambitious hashrate target by year-end.
What Happened: CEO Fred Thiel said the company wants to achieve 75 exahashes by the end of 2025, marking a 40% jump from 2024.
“As the largest public bitcoin miner, this goal aligns with both our rapid expansion and commitment to low-cost power with efficient capital deployment,” Thiel added.
On the downside, the firm’s total Bitcoin production in June fell 25% from last month to 713 BTC, while block production also fell 25% from May’s record-breaking figures.
The production decline was attributed to weather-related curtailment and the deployment of older machines at its Garden City facility due to storm-related damage.
MARA Holdings Ranks 67th in Trading Volume with $10.61 Billion as Stock Surges 14.27% in Four Days
On July 11, 2025, MARA Holdings (MARA) saw a trading volume of $10.61 billion, ranking 67th in the day's stock market activity. The stock rose by 0.74%, marking its fourth consecutive day of gains, with a total increase of 14.27% over the past four days.
MARA Holdings, a prominent player in the cryptocurrency mining industry, has been making significant strides in expanding its operations. The company recently announced the acquisition of new mining equipment, which is expected to boost its mining capacity by 20%. This strategic move is aimed at capitalizing on the growing demand for cryptocurrencies and enhancing the company's competitive edge in the market.
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