Group 1 - The anticipation of the U.S. SEC's decision on Bitcoin ETF approval has led to a rise in Bitcoin prices, indicating strong investor interest in cryptocurrency investments [2] - MARA has reported strong revenue of $0.919 billion but faces significant profitability challenges with a -68.0% operating margin and -1.439 LTM free cash flow margin, which may hinder its competitiveness in the crypto mining sector [2] - Compared to its peers, MARA's P/E ratio stands at 3.4, which is lower than that of its competitors, reflecting investor concerns regarding its profitability and operational efficiency [7] Group 2 - MARA's revenue growth of 53.5% is higher than CORZ and CIFR but lags behind RIOT, CLSK, and HUT, suggesting potential issues with hash rate efficiency or limited diversification into AI and HPC [7] - The stock price of MARA has decreased by 31.0%, indicating underperformance relative to its peers and raising concerns about profitability and challenges following the Bitcoin halving [7]

Key Takeaways MARA is set to report Q4 2025 results on Feb. 26, after the bell.Zacks Consensus Estimate projects a $0.23 loss per share versus $1.24 earnings last year.Revenues are estimated at $224M, up 4.4% year over year.MARA Holdings, Inc. (MARA) is set to report fourth-quarter 2025 results on Feb. 26, after the bell.The Zacks Consensus Estimate for the bottom line is pegged at a loss of 23 cents per share compared with earnings of $1.24 in the year-ago quarter.MARA’s earnings have surpassed the Zacks C ...

US Bitcoin miner MARA Holdings Inc. completed its purchase of a majority stake in a data center unit owned by EDF https://t.co/a7mf7hRyM7 ...

Core Viewpoint - MARA Holdings, Inc. will hold a webcast and conference call to discuss its financial results for the quarter and fiscal year ended December 31, 2025, on February 26, 2026, at 5:00 p.m. Eastern time [1]. Group 1 - The financial results will be published in a shareholder letter prior to the call on the investor relations section of the Company's website [1]. - Participants can register for the conference call or listen to the live audio webcast through a provided link [2]. - The webcast will be available for replay via the investor relations section of the Company's website [2]. Group 2 - MARA Holdings, Inc. is a leading digital energy and infrastructure company that deploys digital energy technologies to advance global energy systems [4]. - The company transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure [4]. - MARA develops technologies aimed at reducing the energy demands of high-performance computing applications, including AI [4].

Core Insights - A new leader has emerged in the public Bitcoin mining sector, with Bitdeer surpassing MARA in self-mining hash rate, now at 63.2 EH/s compared to MARA's 60.4 EH/s [1] Group 1: Company Performance - Bitdeer added 8 EH/s in January, attributed to the deployment of its proprietary SEALMINER rigs, marking an impressive growth [5] - Bitdeer mined 668 BTC in January, representing a 430% year-over-year increase [6] - Bitdeer reported a total hash rate under management of 78.1 EH/s, including 13.0 EH/s for hosted operations [6] Group 2: Industry Trends - Bitcoin mining has become more challenging due to rising network difficulty, post-halving reward reductions, and volatile energy prices, squeezing margins for miners [3] - Many Bitcoin miners are pivoting to artificial intelligence, Ethereum staking, or shutting down operations [4] - MARA has shifted its focus from aggressive Bitcoin mining to broader digital infrastructure and AI workloads for customers, making direct output comparisons more difficult [6][7]

Core Insights - MARA Holdings, Inc. (NASDAQ:MARA) is recognized as one of the best Bitcoin and blockchain stocks to invest in [1][3] Group 1: Analyst Ratings and Price Targets - Morgan Stanley initiated coverage on MARA with an Underweight rating and set a price target of $8, citing that share value is significantly influenced by bitcoin mining economics and that transitioning from bitcoin mining to data centers offers limited growth potential [4] - Piper Sandler maintained an Overweight rating on MARA but reduced its price target from $26 to $16 ahead of quarterly reports [5] Group 2: Financial Performance - MARA reported revenues of $252 million in the most recent quarter, marking a 92% year-over-year increase [5] - The company achieved net profits of $123 million in Q3 2024, a significant improvement from a net loss of $125 million in the same quarter the previous year [5] - Bitcoin holdings surged by 98% year-over-year, reaching 52,850 by the end of Q3 2024, up from 26,747 [5] Group 3: Company Overview - MARA Holdings, Inc. focuses on cryptocurrency mining, particularly within the Bitcoin ecosystem, and also provides proprietary software and technology to other businesses in the Bitcoin sector [6]

Core Viewpoint - Morgan Stanley initiated coverage of three publicly traded bitcoin mining companies, favoring two companies linked to data center leasing while adopting a cautious stance on one focused on bitcoin exposure [1][2]. Group 1: Company Ratings and Price Targets - Cipher Mining (CIFR) and TeraWulf (WULF) received Overweight ratings with price targets set at $38 and $37, respectively [1]. - Shares of CIFR increased by 12.4% to $16.51, while WULF rose by 12.8% to $16.12 on the same day [1]. - Marathon Digital (MARA) was rated Underweight with a target price of $8, with shares slightly up to $8.28 [2]. Group 2: Investment Perspective - The analyst views certain bitcoin mining sites as infrastructure assets rather than mere crypto investments, suggesting they are better suited for investors seeking steady cash flow [2][3]. - Once a mining company establishes a data center and secures a long-term lease with a reliable counterparty, the asset's value shifts towards infrastructure investors rather than traditional bitcoin investors [3]. Group 3: Valuation Comparisons - The analyst compared bitcoin mining facilities to data center real estate investment trusts (REITs) like Equinix (EQIX) and Digital Realty (DLR), which trade at over 20 times forward EBITDA, indicating a premium for scale and steady growth [3]. - Although data centers developed by bitcoin companies may not reach similar valuation levels due to limited growth potential, there is still potential for higher valuations than currently assigned by the market [4]. Group 4: Future Outlook for Cipher Mining - Cipher Mining is positioned as a key player, with the analyst suggesting its data centers could fit into a "REIT endgame," where they are valued for long-term, low-risk contracted cash flows [5]. - A scenario where Cipher shifts from self-mining to leasing space to large cloud customers could lead to predictable cash flows, diminishing the focus on bitcoin [6].

Core Insights - The meme stock phenomenon began in 2021 with GameStop, driven by retail traders on Reddit's WallStreetBets forum, leading to significant price surges due to short squeezes [1] - Investments in meme stocks from 2016 or at their IPOs have resulted in varied outcomes, with some stocks yielding massive gains while others have led to substantial losses [2] Investment Performance - A $1,000 investment in various meme stocks a decade ago would yield different values today, highlighting the volatility and potential of these stocks [3] - Notable performance includes: - GameStop (GME): $3,532 (+253%) - AMC Entertainment Holdings (AMC): $11 (-98.9%) - Palantir Technologies (PLTR): $14,659 (+1,366%) - Carvana (CVNA): $29,712 (+2,871%) - Roku (ROKU): $6,033 (+503%) [4] Market Trends - Meme stocks continue to emerge, indicating a persistent trend driven by social media sentiment rather than traditional business fundamentals [5]

Group 1 - The article focuses on MARA Holdings (MARA) and compares it with other crypto miners like IREN (IREN) and TeraWulf (WULF) as well as AI Cloud providers [1] - The author has been investing since 2016 and established Libra Capital in 2022, indicating a long-term commitment to investment research [1] - The article serves as a deep research piece before making investment decisions, categorizing stocks into "hold," "sell," or "long" positions [1] Group 2 - The author has a beneficial long position in MARA and IREN, indicating confidence in these stocks [2] - The article expresses the author's personal opinions and is not influenced by compensation from any company mentioned [2] - There is no business relationship with any of the companies discussed, ensuring an unbiased perspective [2]

This time lapse video by the company MARA shows how quickly a bitcoin mine is built in the Nebraska desert wilderness. It’s a powerful example of how Bitcoin mining is unique by using the wasted energy no other technology has ever been able to profit from.https://t.co/rsU4sxeBsd ...