MARA Holdings (MARA) Is One Of The 10 Bitcoin Miners That Are Now Data Center Companies

MARA Holdings (MARA) Is One Of The 10 Bitcoin Miners That Are Now Data Center Companies Jabran Kundi Thu, July 2, 2026 at 2:48 PM GMT+2 2 min read MARA BTC-USD MARA Holdings Inc. (NASDAQ: MARA ) is one of the 10 Bitcoin Miners That Are Now Data Center Companies . Citizens JMP initiated coverage of MARA Holdings Inc.

(NASDAQ:MARA) with an Outperform rating and a price target of $24 on June 24. It cited favorable industry trends to support its positive outlook. According to the firm, MARA's shift from bitcoin mining infrastructure to AI computing capacity will drive future growth.

A day prior to this update, Bernstein analyst Gautam Chhugani reiterated a Hold rating on the stock along with the price target of $17. MARA Holdings Inc. (NASDAQ:MARA) is one of the 10 Bitcoin Miners That Are Now Data Center Companies.

As demand for AI continues to grow, MARA is shifting its focus from Bitcoin mining to energy-backed AI and HPC infrastructure. The company is aiming for faster monetization of connected power. Earlier on May 12, MARA Holdings Inc.

(NASDAQ:MARA) acquired a 505-megawatt combined-cycle gas power plant with about $144 million annualized EBITDA. Moreover, 1600 acres of land and the potential to expand power capacity beyond 1 gigawatt were also part of the deal. As a result, the company's total owned power capacity will increase by approximately 65%, giving it significantly more energy resources to support future growth.

According to the company, demand for AI infrastructure is growing too quickly to wait years for new projects to be completed. By acquiring Long Ride Energy Campus, MARA gains immediate access to power, fiber, gas, and grid connectivity. This acquisition can help the company cope with high AI demand.

MARA Holdings Inc. (NASDAQ:MARA) operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. The company operates in two segments.

It runs Bitcoin mining operations and also provides computing power for AI applications. The company was founded in 2010 and is headquartered in Hallandale Beach, Florida. While we acknowledge the potential of MARA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.

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