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

Angelica Ballesteros

Thu, Jul 3, 2025, 11:41 AM 2 min read

MARA Holdings, Inc. (NASDAQ:MARA) is one of the Double Digit Gains: 10 Stocks Soaring Like Crazy.

MARA Holdings rallied for a third straight day on Wednesday, surging 13.38 percent to end at $17.80 apiece as investors scooped up shares following plans to ramp up its Bitcoin production by year-end.

In its monthly report released yesterday, MARA Holdings, Inc. (NASDAQ:MARA) said it is targeting to hit 75 EH/s by the end of the year, marking a 40 percent growth from 2024.

An aerial view of a bustling financial district, with skyscrapers and a large financial institution in the city center.

The company also reported raising its Bitcoin holdings to 49,940 units last month—an increase of 211 units, albeit lower than the 282 Bitcoins produced in May.

The decrease was primarily due to reduced uptime from weather-related curtailment and the temporary deployment of older machines in Garden City while storm-related damage was being remediated, coupled with natural variability in block luck.

MARA Holdings, Inc. (NASDAQ:MARA) said that the average Bitcoin produced per day settled at 23.8 last month, lower by 23 percent than the 30.7 reported in May.

Energized hash rate was also reduced by 2 percent at $57.4 EH/s versus 58.3 EH/s in the same comparable period.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.