MARA Holdings Option Alert: Jun, 2027 $5 Puts Sweep (33) near the Ask: 5000 vs 8475 OI; Earnings 2/26 After Close 

MARA Holdings Option Alert: Jun, 2027 $5 Puts Sweep (33) near the Ask: 5000 @ $1.351 vs 8475 OI; Earnings 2/26 After Close Ref=$17.04

MARA Holdings 株価情報 (NASDAQ: MARA)

MARA Holdings (NASDAQ:MARA) 株価情報

MARA HOLDINGS INC

MARA Holdings

Marathon Digital Holdings

MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.

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現物型イーサリアムETFが承認された。現物型ビットコインに続いて2つ目のETF承認となった。仮想通貨市場全体は現物型ETFの承認を好感し、強気相場を形成、大きな上昇を記録した。その一方、当のイーサリアムは大幅な売り圧に苦しむ相場状況となった。

イーサリアムETF認証　ビットコイン筆頭に上昇もイーサリアムは停滞

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月曜日の取引終了時点で、米国株は上昇している。ダウ工業株30種平均は0.5％上昇し、40,211.72ドルになった。S&amp;P 500指数は0.3％上昇し、5,631.22ドル、ナスダック総合指数は0.4％上昇し18,472.57ドルで取引を終えた。

ドナルド・トランプ氏関連企業が株価引き上げ

MARA Holdings Inc

Marani Brands Inc

MARATHON BANCORP INC by Marathon Bancorp Inc.

Marathon Bancorp Inc

Marathon Gold Corp

MARATHON GROUP CORP by Marathon Group Corp.

Marathon Group Corp

Marathon Oil Corp. Com

Marathon Petroleum Corporation Common Stock

Marathon Petroleum Corp

Maravai LifeSciences Holdings, Inc. - Class A common stock

Maravai LifeSciences Holdings Inc

WIIM

APLD

BITF

CLSK

Core Scientific, Inc. - Class A Common Stock

CORZ

HIVE

IREN

MSTR

RIOT

WULF

Shares of Bitcoin miners and crypto-linked stocks are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Shares of Bitcoin miners and crypto-linked stocks are trading lower amid a drop in Bitcoin as market uncertainty persists.

In a <a href="https://www.benzinga.com/topic/cryptocurrencies">crypto-linked</a> stock market that oscillates like a pendulum, Bitwise Asset Management introduced a plan to translate that volatility into money. The company has introduced <a href="https://www.benzinga.com/etfs">three new ETFs</a>, each targeting option income strategies based on some of the most volatile stocks in the crypto universe: Bitwise MSTR Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMST#NYSE">IMST</a>), Bitwise COIN Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICOI#NYSE">ICOI</a>) and the Bitwise MARA Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMRA#NYSE">IMRA</a>).
Each of these funds is structured on a covered call strategy intended to capture income by selling options on individual shares of MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>). The concept? Ride the turbulence in the market on your side. Receive premiums on selling options and maintain a long position to derive at least a partial benefit from any upside the stock yields.
Also Read: <a href="https://www.benzinga.com/real-estate/reit/25/04/44683691/lpre-etf-looks-past-reits-to-capture-greater-real-estate-economy">LPRE ETF Looks Past REITs To Capture &#8216;Greater&#8217; Real Estate Economy (CORRECTED)</a>
These are not passive, rules-based products. Rather, they&#8217;re operated with a hands-on mindset by Bitwise&#8217;s Head of Alpha Strategies, Jeff Park. &#8220;It's essential to be constantly monitoring news, capital flows, regulatory developments, options pricing, market sentiment, and other dynamics to most intelligently capitalize on this strategy. That's the approach we're taking with IMST, ICOI, and IMRA, and we hope to bring investors the combination of monthly income and strong, limited participation in equity gains as a result,&#8221; he said.
Park is accompanied by a group of co-managers—Jennifer Thornton, Daniela Padilla, and Gayatri Choudhury—who will guide these funds with daily active management, which is fairly uncommon in the ETF space.
The <a href="https://www.businesswire.com/news/home/20250403628192/en/Bitwise-Launches-Option-Income-ETF-Suite-a-Dynamic-Active-Approach-to-Covered-Calls-on-MSTR-COIN-and-MARA">objective </a>is clear: earn monthly returns for investors while sharing in some of the capital gain in these stocks. There&#8217;s a trade-off, naturally—selling calls limits the upside potential, but the ongoing premiums provide a predictable income stream, which is particularly attractive in volatile markets.
Bitwise CEO Hunter Horsley says crypto's volatility isn't just something to endure—it's something to harness.
Interestingly, these funds don&#8217;t actually own shares of MSTR, COIN or MARA. Rather, they employ synthetic exposure to mimic the stock positions. Pure equity players may want to look elsewhere, but for those who wish to combine crypto market themes with an income strategy, this launch may be the sweet spot.
Each fund has a 0.98% net expense fee, although IMST and ICOI are associated with a minor fee waiver that cuts the gross fee from 0.99% until March 2027.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44695765/crypto-etfs-sink-as-trump-tariffs-trigger-panic-this-could-reset-the-macro-narrative">Trump Tariffs Spark $800M Crypto ETF Rout: Can The Macro Narrative Shift?</a></li>
</ul>
Photo: Shutterstock

New ETFs

ETFs

Bitwise Funds Trust Bitwise COIN Option Income Strategy ETF

ICOI

IMRA

IMST

Bitwise Turns Crypto Volatility Into Yield With New ETF Trio

Shares of crypto-linked stocks and Bitcoin miners are trading lower as markets react to President Trump's announcement of sweeping tariffs.

MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares are trading lower amid broader market weakness. The company on Thursday provided a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) production and <a href="https://www.benzinga.com/pressreleases/25/04/g44625642/mara-announces-bitcoin-production-and-mining-operation-updates-for-march-2025">mining operation update for March</a>.
What Happened: MARA Holdings said it mined 829 bitcoin in March, up 17% month-over-month from 706 bitcoin mined in February. 
Total bitcoin holdings grew to 47,531 as of the end of the month. The company&#8217;s energized hashrate increased 1% to 54.3 EH/s as of March 31. 
&#8220;Energized hashrate grew&nbsp;1%&nbsp;over February and we expect to finish construction of our 40-megawatt data center in Ohio by the end of April. We will continue to focus on being the dominant player in bitcoin mining while expanding our footprint in energy generation,&#8221; said Fred Thiel, chairman and CEO of MARA Holdings.
MARA Holdings shares are seeing some selling pressure Thursday as broader crypto markets fall with global risk assets following sweeping reciprocal tariffs from U.S. President Donald Trump.
The Trump administration announced new <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">tariffs</a> on several countries around the world late Wednesday, raising the risk of a global trade war and creating further economic uncertainty.
The S&amp;P 500 was last down nearly 3.5%, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. Bitcoin was down about 4.4% over a 24-hour period, trading around $82,150 at the time of writing. 
MARA Price Action: <a href="http://benzinga.com/quote/mara" target="_blank" rel="noreferrer noopener">MARA Holdings shares</a> were down 9.14% at $11.26 at the time of publication Thursday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

What's Going On With Bitcoin Mining Stock MARA Holdings Thursday?

Mara Holdings shares are trading lower. The company provided Bitcoin production and mining operation updates for March of 2025.

Fort Lauderdale, FL, April 03, 2025 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=V-0nYzFaL2nHiXE8MQvul89eQUpKHI9mbKvadvKCrHeI2_s5h3R-RL4gPhAxDulc0wsznXaWrBuUjiN3QO0nDT6_i9uEokQLL5Vm6VDJIkA=">MARA Holdings, Inc.</a> (NASDAQ: <a href="https://www.globenewswire.com/Tracker?data=hgFvAausj0i1ZfS9Vgw1tw_AYTQ5E6eBzO7be50lW9S1iouX4Mod6HQjZluQpJyctURoTeOcW39mQ0ZH1oR07A==">MARA</a>) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support energy transformation, today published unaudited bitcoin ("bitcoin" or "BTC") production updates for March 2025.
Management Commentary "In March, our production saw a 17% month-over-month increase in blocks won, even as global hashrate and mining difficulty grew," said Fred Thiel, MARA's chairman and CEO. "Our bitcoin holdings surpassed 47,000 BTC during March and the 242 blocks mined were the third most in a month on record.
"MARAPool is the only self-owned and operated mining pool among public miners, offering distinctive control and efficiency. Operating our own pool means no fees to external operators, higher earnings and superior performance. MARA Pool's luck factor has exceeded the network average by over 10% since launch, meaning more blocks mined and higher rewards.
"Energized hashrate grew 1% over February and we expect to finish construction of our 40-megawatt data center in Ohio by the end of April. We will continue to focus on being the dominant player in bitcoin mining while expanding our footprint in energy generation."

MARA Announces Bitcoin Production And Mining Operation Updates For March 2025; Company Won 242 Blocks, A 17% Increase MoM. Increased Bitcoin Holdings To 47,531 BTC

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is increasingly popular <a href="https://www.benzinga.com/25/03/44569292/congressman-buys-up-to-600k-in-bitcoin-etf-after-selling-1-million-in-goldman-sachs-stock-committee-assignment-could-be-red-flag">among corporate buyers</a>, with on-chain data suggesting ongoing accumulation by other large entities.
What Happened: In a detailed X <a href="https://x.com/cryptoquant_com/status/1907377531143016915">thread</a> on Wedneday, research firm CryptoQuant pointed out that despite public companies accumulating 91,781 BTC in Q1, Bitcoin dropped 12%, from $94,400 to $82,500. 
Tether emerged as a surprise buyer, adding 8,888 BTC, while Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) made the largest move, acquiring 81,785 BTC for more than $8 billion.
Other buyers included The Blockchain Company (+605 BTC), Semler Scientific Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) (+1,108 BTC) and Metaplanet (+2,285 BTC) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>). 
On-chain analytics shows more corporate buying could be on the horizon, with Marathon Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) planning a $2 billion stock sale for BTC purchases and GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) exploring a $1.3 billion Bitcoin strategy through a convertible note offering.
However, the price decline was driven by long-term holders selling 178,000 BTC in Q1, outweighing corporate accumulation. Additionally, $4.8 billion in Bitcoin ETF outflows added further downward pressure on price.
Also Read: <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44581901/bitcoin-is-in-a-mini-bear-market-says-10x-research">Bitcoin Is In A Mini Bear Market, Says 10x Research</a>
Why It Matters: Glassnode data listed several bullish indicators for Bitcoin:
<ul>
<li>Retail investors (under 1 BTC) are <a href="https://x.com/glassnode/status/1907358419859669116">offloading</a> while whales (10+ BTC) accumulate, highlighting a divergence in investor sentiment.</li>
<li>Bitcoin holders in the 3–6-month range (nearing long-term holder status) are <a href="https://x.com/glassnode/status/1906713577471234255">holding</a> strong despite volatility. Spending activity from this group is at its lowest since mid-2021, suggesting conviction, not panic selling.</li>
<li>BTC holders from 2020-2022 are still <a href="https://x.com/glassnode/status/1907001005251625160">holding</a> significant wealth, despite a 3% decline in their share since the November 2024 peak.</li>
</ul>
Crypto investor and entrepreneur Ted Pillows <a href="https://x.com/TedPillows/status/1907347270028116195">highlighted</a> Bitcoin ETF outflows of $157.8 million on Tuesday amid concerns over Trump&#8217;s tariff policy.
What's Next: Crypto trader Altcoin Sherpa notes sideways price action, with a lower low on the 4-hour chart.
The traders urges caution, with volatility expected in the current week.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Arguments all over the place on what <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> price is doing, this entire consolidation region is just a chop fest. Can make arguments that we just made a lower low on the 4h but I don&#39;t think you can really tell too much on this price action. Would rather just be on guard over the… <a href="https://t.co/B2ZSk1CtZu">pic.twitter.com/B2ZSk1CtZu</a>
&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1907398858654482891?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44583918/bitcoin-reclaims-84000-is-the-correction-nearing-its-end">Bitcoin Reclaims $84,000: Is The Correction Nearing Its End?</a></li>
</ul>
Image: Shutterstock

MTPLF

SMLR

Bitcoin Slips 12% In 3 Months Despite Corporate Buying – What's Behind The Decline And What's Next?

Shares of crypto-linked stocks and Bitcoin miners are trading higher after bitcoin rose above $85,000.

Investors with a lot of money to spend have taken a bullish stance on MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MARA, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 10 uncommon options trades for MARA Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $122,072, and 7 are calls, for a total amount of $447,755.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $9.0 to $30.0 for MARA Holdings over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for MARA Holdings options trades today is 7054.67 with a total volume of 1,966.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for MARA Holdings's big money trades within a strike price range of $9.0 to $30.0 over the last 30 days.
<h3>MARA Holdings Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743517883_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$0.96</td>
<td>$0.93</td>
<td>$0.96</td>
<td>$13.00</td>
<td>$93.6K</td>
<td>38.7K</td>
<td align="right">215</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.1</td>
<td>$15.00</td>
<td>$92.4K</td>
<td>1.7K</td>
<td align="right">301</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$0.87</td>
<td>$0.8</td>
<td>$0.86</td>
<td>$30.00</td>
<td>$68.8K</td>
<td>15.5K</td>
<td align="right">820</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$3.55</td>
<td>$3.5</td>
<td>$3.55</td>
<td>$13.00</td>
<td>$54.9K</td>
<td>226</td>
<td align="right">210</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/17/27</td>
<td>$4.75</td>
<td>$4.5</td>
<td>$4.65</td>
<td>$20.00</td>
<td>$46.5K</td>
<td>1.2K</td>
<td align="right">220</td>
</tr>
</tbody>
</table>

<h3>About MARA Holdings</h3>
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.
Following our analysis of the options activities associated with MARA Holdings, we pivot to a closer look at the company's own performance.
<h3>Current Position of MARA Holdings</h3>
<ul>
<li>Trading volume stands at 7,771,725, with MARA's price down by -3.35%, positioned at $11.12.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 37 days.</li>
</ul>
<h3>What The Experts Say On MARA Holdings</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $20.25.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on MARA Holdings, maintaining a target price of $14. 
&#x2A; Reflecting concerns, an analyst from Rosenblatt lowers its rating to Buy with a new price target of $19. 
&#x2A; An analyst from Piper Sandler persists with their Overweight rating on MARA Holdings, maintaining a target price of $30. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for MARA Holdings, targeting a price of $18. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MARA Holdings options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

MARA Holdings Unusual Options Activity For April 01

The Trump family is stepping deeper into the world of digital assets, this time with <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44558573/president-trumps-sons-partner-with-hut-8-to-unveil-american-bitcoin-for-large-scale-bitcoin-mining">a strategic bet on</a> Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining.
What Happened: Following the foray into decentralized finance with the family-incepted <a href="https://www.benzinga.com/25/03/44475966/trump-backed-world-liberty-financial-confirms-dollar-stablecoin-plans-with-bitgo">World Liberty Financial</a> (WLFI) and the controversial TRUMP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) <a href="https://www.benzinga.com/25/03/44555553/will-the-greatest-of-them-all-trump-memecoin-make-its-way-to-trump-media-etfs-polymarket-bettors-think-its-unlike">meme coin</a>, which famously <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43590115/trump-meme-coin-left-a-sour-taste-in-traders-mouths-10x-research">left behind a flurry of disillusioned traders</a>, the Trump family has set its sights on Bitcoin mining.
American Bitcoin, a newly formed mining company, will be led in part by Eric Trump and Donald Trump Jr., marking yet another addition to their rapidly growing crypto-centric business portfolio, <a href="https://www.wsj.com/finance/currencies/the-trump-family-advances-its-all-out-crypto-blitz-this-time-with-bitcoin-mining-86a1e8d9?mod=hp_lead_pos6">according </a>to The Wall Street Journal. 
American Bitcoin will be formed through a merger with American Data Centers, a venture the Trump brothers launched in February alongside Dominari, a boutique investment firm that recently brought both sons on as advisers. 
As part of the deal, the Canada- and U.S.-listed crypto-infrastructure firm Hut 8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) will transfer around 61,000 mining machines to American Bitcoin, taking an 80% stake in the joint venture. 
No cash was exchanged in the transaction.
Eric Trump, who will serve as the company's Chief Strategy Officer, said the mission is to build the world's largest Bitcoin miner, complete with its own reserve of the digital currency. 
He emphasized that this project remains separate from the family's real estate empire, the Trump Organization, but noted that collaborations with WLFI could emerge in the future.
"We're a hard-asset family," Trump told The Wall Street Journal. "Bitcoin is the next frontier for building something tangible in the digital world." 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44539134/xrp-could-hit-up-to-2930-in-max-scenario-by-2030-bitwise">XRP Could Hit Up To $29.30 In &#8216;Max Scenario&#8217; By 2030: Bitwise</a>
Why It Matters: World Liberty Financial, which the Trump brothers launched recently, is a decentralized finance project that has already rolled out meme coins and plans to issue a stablecoin backed by the World Liberty dollar.
American Bitcoin's executive team will feature a mix of familiar and new faces. 
Mike Ho, Chief Strategy Officer at Hut 8, will take on the role of executive chairman, while Matt Prusak, formerly of Hut 8, will serve as CEO. High-profile backers including Tinder co-founder Justin Mateen and FabFitFun's Michael Broukhim will join the board alongside Hut 8 executives.
Hut 8 will host the mining equipment across its 11 data centers and include the performance of American Bitcoin in its financial statements. 
The company's CEO Asher Genoot noted that access to cheap energy and efficient infrastructure will give American Bitcoin a cost edge in an increasingly competitive landscape.
"There's still more than a century's worth of mining left," Genoot said. "Our ability to do it cheaply at scale is our strategic advantage."
The Trump-led venture enters a market that's tightening. 
Bitcoin supply is capped at 21 million, and more than 90% has already been mined. 
Despite volatility and environmental critiques surrounding mining energy consumption, Eric Trump sees opportunity in the U.S.'s falling energy prices and crypto-friendly stance. "That's what gives America the edge," he said. "A government that supports low-cost energy and innovation."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44534582/galaxy-digital-to-pay-200-million-in-terra-luna-settlement-with-new-york-attorney-general">Galaxy Digital To Pay $200 Million In Terra-LUNA Settlement With New York Attorney General</a></li>
</ul>
Image: Shutterstock

$TRUMP

Trump Family To Dive Into Bitcoin Mining After DeFi, Meme Coin Projects

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/04/25</td>
<td>$222.50</td>
<td>$47.5K</td>
<td>10.1K</td>
<td>12.2K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/04/25</td>
<td>$250.00</td>
<td>$33.0K</td>
<td>3.5K</td>
<td>8.6K</td>
</tr>
<tr>
<td>CORZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$10.00</td>
<td>$562.1K</td>
<td>14.0K</td>
<td>5.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$22.50</td>
<td>$69.7K</td>
<td>5.3K</td>
<td>3.1K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/11/25</td>
<td>$113.00</td>
<td>$54.8K</td>
<td>3.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$88.00</td>
<td>$31.5K</td>
<td>1.1K</td>
<td>2.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$43.0K</td>
<td>19.5K</td>
<td>1.9K</td>
</tr>
<tr>
<td>NN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$15.00</td>
<td>$90.0K</td>
<td>5.1K</td>
<td>1.4K</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$160.00</td>
<td>$33.8K</td>
<td>8.7K</td>
<td>1.2K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/04/25</td>
<td>$33.50</td>
<td>$68.7K</td>
<td>37</td>
<td>727</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on April 4, 2025. This event was a transfer of 250 contract(s) at a $222.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $47.5K, with a price of $190.0 per contract. There were 10184 open contracts at this strike prior to today, and today 12246 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on April 4, 2025. Parties traded 100 contract(s) at a $250.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $330.0 per contract. There were 3556 open contracts at this strike prior to today, and today 8601 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a put option sweep that happens to be bearish, expiring in 175 day(s) on September 19, 2025. This event was a transfer of 1519 contract(s) at a $10.00 strike. This particular put needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $562.1K, with a price of $370.0 per contract. There were 14074 open contracts at this strike prior to today, and today 5002 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a put option sweep that happens to be bullish, expiring in 20 day(s) on April 17, 2025. This event was a transfer of 684 contract(s) at a $22.50 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $69.7K, with a price of $102.0 per contract. There were 5342 open contracts at this strike prior to today, and today 3194 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on April 11, 2025. This event was a transfer of 200 contract(s) at a $113.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $54.8K, with a price of $274.0 per contract. There were 3490 open contracts at this strike prior to today, and today 3155 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a put option sweep with bullish sentiment. It expires in 14 day(s) on April 11, 2025. Parties traded 50 contract(s) at a $88.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $630.0 per contract. There were 1166 open contracts at this strike prior to today, and today 2475 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bullish, expiring in 294 day(s) on January 16, 2026. This event was a transfer of 200 contract(s) at a $20.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $43.0K, with a price of $215.0 per contract. There were 19506 open contracts at this strike prior to today, and today 1998 contract(s) were bought and sold. 
• For NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>), we notice a call option sweep that happens to be bearish, expiring in 658 day(s) on January 15, 2027. This event was a transfer of 150 contract(s) at a $15.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $600.0 per contract. There were 5125 open contracts at this strike prior to today, and today 1471 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a put option sweep that happens to be bullish, expiring in 20 day(s) on April 17, 2025. This event was a transfer of 65 contract(s) at a $160.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $520.0 per contract. There were 8797 open contracts at this strike prior to today, and today 1256 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on April 4, 2025. Parties traded 290 contract(s) at a $33.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $68.7K, with a price of $237.0 per contract. There were 37 open contracts at this strike prior to today, and today 727 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

INTC

NVDA

PLTR

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

Shares of Bitcoin miners and crypto-linked stocks are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on the space.

Shares of Bitcoin miners and crypto-linked stocks are trading lower as Bitcoin falls, following the broader market decline.

Investors with a lot of money to spend have taken a bullish stance on MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MARA, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 13 uncommon options trades for MARA Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 69% bullish and 23%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $328,693, and 8 are calls, for a total amount of $1,396,565.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $27.0 for MARA Holdings during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for MARA Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MARA Holdings's whale trades within a strike price range from $5.0 to $27.0 in the last 30 days. 
<h3>MARA Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743001331_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.25</td>
<td>$4.2</td>
<td>$4.24</td>
<td>$15.00</td>
<td>$423.8K</td>
<td>9.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.25</td>
<td>$4.1</td>
<td>$4.2</td>
<td>$15.00</td>
<td>$419.5K</td>
<td>9.6K</td>
<td>2.0K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$2.17</td>
<td>$2.03</td>
<td>$2.16</td>
<td>$13.00</td>
<td>$259.2K</td>
<td>38.9K</td>
<td>470</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$4.2</td>
<td>$4.1</td>
<td>$4.15</td>
<td>$15.00</td>
<td>$141.9K</td>
<td>9.6K</td>
<td>2.3K</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$13.2</td>
<td>$12.95</td>
<td>$12.97</td>
<td>$27.00</td>
<td>$107.6K</td>
<td>0</td>
<td>83</td>
</tr>
</tbody>
</table>

<h3>About MARA Holdings</h3>
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.
In light of the recent options history for MARA Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>MARA Holdings's Current Market Status</h3>
<ul>
<li>Trading volume stands at 10,994,155, with MARA's price down by -0.63%, positioned at $14.16.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 43 days.</li>
</ul>
<h3>Professional Analyst Ratings for MARA Holdings</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $21.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on MARA Holdings, maintaining a target price of $14. 
&#x2A; In a cautious move, an analyst from HC Wainwright &amp; Co. downgraded its rating to Buy, setting a price target of $28. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for MARA Holdings, targeting a price of $18. 
&#x2A; An analyst from Piper Sandler persists with their Overweight rating on MARA Holdings, maintaining a target price of $30. 
&#x2A; An analyst from Rosenblatt has revised its rating downward to Buy, adjusting the price target to $19. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MARA Holdings with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

MARA Holdings Unusual Options Activity

MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) has outperformed the market over the past 5 years by 79.14% on an annualized basis producing an average annual return of 96.21%. Currently, MARA Holdings has a market capitalization of $4.82 billion. 
Buying $1000 In MARA: If an investor had bought $1000 of MARA stock 5 years ago, it would be worth $28,500.00 today based on a price of $14.20 for MARA at the time of writing.
<h3>MARA Holdings's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742946308_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

MARA Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NYSE">MARA</a>) short percent of float has risen 5.92% since its last report. The company recently reported that it has 84.86 million shares sold short, which is 33.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>MARA Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742918416_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MARA Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing MARA Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, MARA Holdings's peer group average for short interest as a percentage of float is 9.05%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into MARA Holdings's Recent Short Interest

Shares of crypto-linked stocks and Bitcoin miners are trading higher after bitcoin rose above $88,000.

Whales with a lot of money to spend have taken a noticeably bullish stance on MARA Holdings.
Looking at options history for MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) we detected 25 trades.
If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $1,196,974 and 10, calls, for a total amount of $1,697,733.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $25.0 for MARA Holdings, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for MARA Holdings options trades today is 5586.85 with a total volume of 76,845.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for MARA Holdings's big money trades within a strike price range of $5.0 to $25.0 over the last 30 days.
<h3>MARA Holdings Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742581835_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$0.35</td>
<td>$0.34</td>
<td>$0.34</td>
<td>$12.50</td>
<td>$1.0M</td>
<td>2.8K</td>
<td>32.6K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/17/27</td>
<td>$5.35</td>
<td>$2.94</td>
<td>$4.9</td>
<td>$22.00</td>
<td>$194.5K</td>
<td>484</td>
<td>397</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$0.64</td>
<td>$0.58</td>
<td>$0.64</td>
<td>$5.00</td>
<td>$190.5K</td>
<td>37.8K</td>
<td>11.0K</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$1.86</td>
<td>$1.83</td>
<td>$1.84</td>
<td>$9.00</td>
<td>$184.0K</td>
<td>0</td>
<td>1.0K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.81</td>
<td>$2.79</td>
<td>$2.81</td>
<td>$11.00</td>
<td>$143.0K</td>
<td>1.2K</td>
<td>536</td>
</tr>
</tbody>
</table>

<h3>About MARA Holdings</h3>
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.
After a thorough review of the options trading surrounding MARA Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of MARA Holdings</h3>
<ul>
<li>With a volume of 20,858,896, the price of MARA is down -2.84% at $12.14. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 48 days.</li>
</ul>
<h3>What The Experts Say On MARA Holdings</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $21.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Rosenblatt downgraded its rating to Buy, setting a price target of $19. 
&#x2A; An analyst from Barclays persists with their Equal-Weight rating on MARA Holdings, maintaining a target price of $14. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on MARA Holdings with a target price of $18. 
&#x2A; An analyst from HC Wainwright &amp; Co. has revised its rating downward to Buy, adjusting the price target to $28. 
&#x2A; An analyst from Piper Sandler persists with their Overweight rating on MARA Holdings, maintaining a target price of $30. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MARA Holdings with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

This Is What Whales Are Betting On MARA Holdings

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44354793/bitcoin-miners-hit-rock-bottom-valuations-slip-below-key-average-for-first-time-in-a-year">miners have faced a challenging year</a>, but analysts at Bernstein remain optimistic, driven by a blend of AI opportunities and Bitcoin's valuation support.
What Happened: In a report released on Thursday, Bernstein analysts revised their models for major Bitcoin mining companies, reflecting shifts in hash rates, AI/high-performance computing (HPC) prospects, and steady Bitcoin price forecasts.
The report highlights a growing institutional focus on miners' AI potential, even as their stock performance lags behind Bitcoin's year-to-date correction.
The Bernstein note points out that despite a 20-40% decline in miner stocks this year—outpacing Bitcoin's 10% drop—cheap valuations and positive EBITDA projections for 2025 justify their Outperform ratings on several firms. 
The analysts point to updated hash rate estimates, power reallocations toward AI/HPC, and new contracts as key drivers behind their revised price targets for miners.
For Core Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), Bernstein set a price target of $17, down from an earlier estimate but still reflecting a 150.3% potential upside from its March 19 closing price of $8.68.
The firm's confidence stems from CORZ's robust 590 MW data center contracts with CoreWeave, a significant player in AI computing. 
"Almost 45% of CoreWeave's contracted power capacity is contributed by CORZ, highlighting this power dependence," the report states, dismissing fears of an AI capex slowdown that triggered a 40% correction in CORZ's stock.
Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) saw its price target adjusted to $19 from $22, implying a 146.9% upside from $7.78, as the company reallocates 600 MW of its 2 GW Corsicana site power portfolio toward AI/HPC uses, pausing Bitcoin mining expansion. 
Analysts noted, "RIOT with its 2 GW power portfolio is attractively positioned, however, the stock would need a catalyst in form of progress on securing an AI co-location partner for the Corsicana site."
CleanSpark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) and Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) also received Outperform ratings with price targets of $20 each, down from $30 and $26, respectively, reflecting higher industry hash rates squeezing market share and cash flows. 
CLSK's target suggests a 170% upside from $8.01, while IREN's implies a 174.9% gain from $7.20. 
Marathon Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), rated Market-Perform, holds a $23 target, up from its $12.53 close, offering a 153.7% upside.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44420122/donald-trump-calls-for-stablecoin-legislation-lauds-bitcoin-reserve-biden-got-a-fraction-of-their-value">Donald Trump Calls For Stablecoin Legislation, Lauds Bitcoin Reserve: &#8216;Biden Got A Fraction Of Their Value&#8217;</a>
Why It Matters: Bernstein's Bitcoin price forecast remains unchanged at $200,000 by Q4, providing a valuation floor for miners holding Bitcoin on their balance sheets.
The report cites a 30% hash rate increase since April 2024's halving, pressuring production, alongside strategic pivots to AI/HPC as key model updates. 
For CORZ, an additional 70 MW critical IT load contract with CoreWeave bolsters its $10 billion revenue potential over 12 years, though delivery delays push significant HPC revenue to 2026.
"We value CORZ using SOTP approach with 2 major components – 1. EV of the Bitcoin mining business; 2. EV of the AI data center business," the analysts explained, projecting AI/HPC to contribute 45% of CORZ's enterprise value by 2025. 
The firm expects CORZ to double its critical IT load to 1.3 GW by 2027, leveraging existing sites and new acquisitions like a 66 MW facility in Auburn, Alabama.
The report also details CORZ's power strategy, with 1.3 GW currently across 10 U.S. sites, allocating 900 MW to AI/HPC and 400 MW to mining. Recent expansions, including 70 MW at Denton and Muskogee, underscore its execution edge. 
Meanwhile, RIOT's vast power capacity awaits an AI partner to unlock its potential, while CLSK and IREN grapple with competitive hash rate pressures.
Despite miners' underperformance—lagging Bitcoin's gains in Q4 2024 and correcting more sharply in 2025—Bernstein sees long-term value. 
The interplay of AI infrastructure demand and Bitcoin's commodity cycle positions these firms for recovery, with CORZ and RIOT highlighted as compelling bets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44419298/why-the-future-of-stablecoins-like-usdt-usdc-looks-bright-report">Why The Future Of Stablecoins Like USDT, USDC Looks Bright: Report</a></li>
</ul>
Image: Shutterstock

Bitcoin Miners Core Scientific, Riot Platforms, CleanSpark, Iris Energy See Price Targets Slashed: Bernstein

Press Releases

MARA Announces Bitcoin Production and Mining Operation Updates for January 2025

Crypto Mining Stocks Decline Amid AI Market Volatility

MARA Holdings, Inc. Announces Postponement of Special Meeting of Stockholders

Crypto Stocks Rally as Bitcoin Hovers Near $100K

MARA Schedules Conference Call for Fourth Quarter and Fiscal Year 2024 Financial Results

MARA Holdings Announces Closing of Texas Wind Farm Acquisition

MARA Announces Fourth Quarter and Full Year 2024 Results

MARA Announces Bitcoin Production and Mining Operation Updates for February 2025

GraniteShares 2x Long MARA Daily ETF (MRAL) and GraniteShares 2x Long MRVL Daily ETF (MVLL) Launch Today

MARA Announces Bitcoin Production and Mining Operation Updates for March 2025

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