MARA Holdings Inc. (NASDAQ:MARA) is considered one of the best cryptocurrency stocks for long-term investment, with a Hold rating and $23 price target. The company reported a 92% year-over-year increase in revenue to $252 million, driven by a surge in bitcoin holdings and a net income of $123 million in the third quarter.

The company also expanded into the global artificial intelligence market by investing in Exaion, a developer of secure, low-carbon cloud data centers. This move strengthens the company’s digital energy offerings and marks its evolution from a Bitcoin miner to a digital infrastructure company.

MARA Holdings specializes in Bitcoin mining and digital infrastructure, with a focus on converting clean energy into economic value. Despite its potential, some believe other AI stocks offer greater upside potential with less downside risk. For more insights, check out the best short-term AI stock recommendations.

In a recent letter to shareholders, MARA Holdings highlighted its advantage in large-scale power operations, positioning itself to leverage its infrastructure for high-performance computer applications beyond Bitcoin mining. The company aims to transform energy into intelligence through AI inference racks and compute deployments at its Granbury site.

Read more at Yahoo Finance: MARA Holdings, Inc. (MARA) Bounces to Profitability on Bitcoin Surge and Expansion into AI Market