MARA Holdings: One Foot In Bitcoin, One Foot In AI

The J Thesis
2.34K Followers

Summary

  • MARA Holdings (MARA) has declined 48% since my last coverage, underperforming the benchmark’s 14% gain.
  • Despite recent volatility and revenue headwinds from Bitcoin, I maintain a Strong Buy rating due to MARA’s ambitious growth plans.
  • Management targets a 4.8 GW power portfolio by year-end and the $1.5B Long Ridge acquisition could drive a new revenue cycle.
  • Execution has been inconsistent, but multi-year tailwinds, scalability, and AI potential support a bullish long-term outlook.

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Yes, I was certainly wrong with my take on MARA Holdings (MARA) so far. Unfortunately, but it has been a challenging period for the technology stock. On that note, the stock has dropped by 48% since my previous coverage, and

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2.34K Followers
Dear Reader,I am a Senior Derivatives Expert with over 10 years of experience in the field of Asset Management, specializing in equity analysis and research, macroeconomics, and risk-managed portfolio construction. My professional background covers both institutional and private client asset management, where I have advised on and implemented multi-asset strategies, but highly focusing on equities and derivatives.As you might be as well, I am a stock market enthusiast. My core passion lies in understanding how macro trends influence both asset prices and investor behavior. I closely follow EU and US central bank policies, sector rotation, and sentiment dynamics, and construct actionable investment strategies.BA in Financial Economics, MA in Financial Markets. In the past decade, I have navigated through various market conditions, and this was my PhD.One of the essential goals of writing on Seeking Alpha is to share insights with colleagues, fellow investors, exchange ideas, and become slightly better than yesterday. I contribute to the idea that investing should be accessible, inspiring, and empowering. It might sound like a cliche, I know, but in the end it's highly valuable - so let's help each other build confidence in long-term investing. The analysis and opinions shared in my articles and comments are for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.Thank you and have a lovely day!Best regards

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MARA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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