MARA Holdings (MARA) Climbs 15.7% on Bitcoin $200K Projection

We recently published 10 Stocks With 10-60% Upside. MARA Holdings, Inc. (NASDAQ:MARA) is one of the top performers on Monday.

MARA Holdings grew its share prices by 15.69 percent on Monday to end at $18.66 apiece as investor sentiment was boosted by an overall optimism for the Bitcoin industry, with a company chief executive projecting it to grow past the $200,000 level.

During the session, MARA Holdings, Inc. (NASDAQ:MARA) climbed alongside its peers, namely Riot Platforms, CleanSpark, and Galaxy Digital, after the latter’s CEO said he expects Bitcoin prices to jump to the $200,000 territory. As of writing, Bitcoin was up by 1.82 percent at $114,155.20 apiece.

In other news, investors have repositioned portfolios ahead of the results of its Bitcoin mining performance for September.

Last August, MARA Holdings, Inc. (NASDAQ:MARA) was able to mine 705 Bitcoins, or 2 units higher than the 703 in July. This followed a higher operating hash rate of 59.4 EH/s versus the 58.9 EH/s in the same comparable period.

While we acknowledge the potential of MARA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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