Strong Buy Rating for MARA Holdings Due to Record Q2 Results and Favorable Bitcoin Tailwinds

Sunday, Oct 5, 2025 11:57 pm ET1min read

MARA Holdings is upgraded to a strong buy with a focus on Bitcoin tailwinds and strong top-line growth ahead. The company's Q2 results were record-breaking, and the decline of Bitcoin during the tariff selloff has cleared the setup for Bitcoin's growth.

MARA Holdings, Inc. (NASDAQ: MARA), a prominent cryptocurrency mining firm, has reported significant growth in Bitcoin (BTC) production for September 2025. The company achieved a remarkable 736 BTC production, representing a 4% month-over-month increase, despite the challenging mining conditions MARA Reports Growth of 4% Bitcoin Production for September 2025 Despite High Difficulty[1].

The company's operational resilience was highlighted by its energized hashrate, which climbed to 60.4 EH/s, marking a 1% increase from the previous month. This growth underscores MARA's ability to maintain consistent performance amidst rising global hashrate and mining difficulty MARA Reports Growth of 4% Bitcoin Production for September 2025 Despite High Difficulty[1].

MARA's Texas wind farm and Ohio facility reached full deployment status, positioning the company for expanded Q4 operations. The Texas facility is now fully connected, and the Ohio site is running at 100% capacity, with plans to add an additional 14 MW by year-end MARA Reports Growth of 4% Bitcoin Production for September 2025 Despite High Difficulty[1].

The company's total BTC holdings stood at 52,850 as of the end of September, making it the second-largest Bitcoin treasury among public companies, trailing only Strategy, which holds 640,031 BTC [^1, 2]. MARA's mining operations generated 736 BTC in September, a 4% increase over August 2025 MARA Boosts Bitcoin Reserves By 373 BTC In September, Surpasses $6 Billion In Holdings[2].

Fred Thiel, MARA's chairman and CEO, attributed the company's improved performance to operational consistency and strategic growth efforts. The company's stock price gained 2.90% following the announcement, reflecting investor confidence in its $7.072 billion market capitalization position MARA Reports Growth of 4% Bitcoin Production for September 2025 Despite High Difficulty[1].

The positive results of MARA's Q2 results and the decline in Bitcoin prices during the tariff selloff have cleared the setup for Bitcoin's growth, positioning the company for strong top-line growth ahead. Analysts have upgraded MARA to a strong buy, citing the company's Bitcoin tailwinds and robust operational performance MARA Reports Growth of 4% Bitcoin Production for September 2025 Despite High Difficulty[1].

Strong Buy Rating for MARA Holdings Due to Record Q2 Results and Favorable Bitcoin Tailwinds

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