J.P. Morgan Maintains 'Neutral' Rating on Marathon Holdings, Inc. (MARA); Raises PT

Marathon Holdings, Inc. (NASDAQ:MARA) is among the best stocks added in a Growth Stock Portfolio.

J.P. Morgan raised its price target on Marathon Holdings, Inc. (NASDAQ:MARA) from $18 to $19 on June 24, 2025. The analyst attributes it to the company’s Q1 results and updated bitcoin pricing and network hash rate data. Furthermore, Marathon Holdings, Inc.’s (NASDAQ:MARA) operational transformation and infrastructure expansion are key considerations in the analyst’s valuation.

The company achieved 54.3 exahashes per second in Q1 2025, which represents a 95% YoY increase. Meanwhile, its cost per petahash went down by 25%. While Marathon Holdings, Inc. (NASDAQ:MARA) experienced a net loss due to unrealized losses in bitcoin valuations, its revenue grew 30% to $213.9 million. Looking ahead, the analyst expects further improvements in energy efficiency and robust growth through vertically integrated operations.

Marathon Holdings, Inc. (NASDAQ:MARA), a U.S.-based cryptocurrency mining company, focuses on bitcoin mining infrastructure and energy-efficient data centers.

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