MARA Holdings Inc. (MARA) to Maximize Profits through AI and Bitcoin Mining

MARA Holdings Inc. (NASDAQ:MARA) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 9, at the H.C. Wainwright 27th Annual Global Investment Conference, the company reiterated its plans to maximize profits through innovative practices.

Part of the strategy involves converging high-performance computing and artificial intelligence as the company seeks to unlock new growth opportunities. The company is already exploring ways of acquiring wind farms as it seeks access to renewable energy to reduce its Bitcoin mining costs. It already owns 1.7 gigawatts of capacity, with a pipeline for multi-gigawatt expansion.

“Our story has evolved over a period of time. We used to be an asset light company just two years ago. And last year, we ended up buying 800 megawatts at half the cost of build multiple. And as a result of that, we converted our asset light model to 70% owned and operated, thereby reducing our operating costs or our electricity cost per coin as one of the lowest in the sector,” said Salman Khan, Chief Financial Officer, Mara Holdings.

Additionally, Mara Holdings plans to capitalize on emerging opportunities around the integration of artificial intelligence and Bitcoin mining. The company is already pivoting into artificial intelligence by leveraging its large-scale digital infrastructure and energy to develop AI data centers.

MARA Holdings Inc. (NASDAQ:MARA) is a digital asset technology company specializing in Bitcoin mining, utilizing specialized data centers and hardware to validate transactions. It also functions as an infrastructure company, developing technologies, deploying hardware, securing energy for mining operations, and converting excess energy into economic value.

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