Cantor Fitzgerald Keeps Overweight Rating on MARA After Strong Revenue

MARA Holdings, Inc. (NASDAQ:MARA) is one of the best meme stocks. On July 30, Cantor Fitzgerald kept an Overweight rating on MARA and held its price target at $39, after the company reported its Q2 2025 results.

MARA posted record revenue of $238.5 million in the second quarter, up 64% from last year. The company’s adjusted EBITDA margin also grew by about 970 basis points, reaching 22.2%.

In the second quarter of 2025, the Bitcoin mining company earned about $101,000 for each Bitcoin mined. It expects further growth in the third quarter as Bitcoin trades near $117,000 and the company works to boost its hash rate from 57.4 EH/S to 75 EH/S by the end of the year.

MARA Holdings, Inc. (NASDAQ:MARA) raised $950 million through a convertible offering, giving it funds to use for infrastructure deals or buying more Bitcoin. The company now holds over 50,000 BTC, making it the second-largest corporate holder of Bitcoin.

The company’s management is focusing on developing the company as a load balancing technology for AI and high-performance computing, but Cantor Fitzgerald points out that this plan is still in its early stages.

MARA Holdings, Inc. (NASDAQ:MARA) is a digital asset technology company in the United States that provides solutions to improve data center operations, such as liquid immersion cooling and solutions for Bitcoin miners.

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