MARA Holdings rises 13.4% after announcing plans to increase Bitcoin mining

From Yahoo Finance: 2025-07-03 11:41:00

MARA Holdings, Inc. (NASDAQ:MARA) surged 13.38% to $17.80 per share after announcing plans to increase Bitcoin production. The company aims to hit 75 EH/s by year-end, a 40% growth from 2024. MARA also raised its Bitcoin holdings to 49,940 units, despite a decrease in production due to weather-related issues.

Last month, MARA Holdings reported an average of 23.8 Bitcoins produced per day, down 23% from May. The energized hash rate also decreased by 2% to $57.4 EH/s. While MARA presents investment potential, other AI stocks may offer higher returns with less risk. Explore AI investment opportunities for better outcomes.

Read more: MARA Holdings (MARA) Soars 13.4% on Higher Bitcoin Mining Target