MARA Could Pose 3X Surge Amid Marathon Digital Huge AI Push

Market analysts reckon that MARA could experience explosive rallies up to three times its value.This prediction comes as MARA Holding, formerly Marathon Digital, plans to address AI infrastructure needs.

Some prominent market observers recommend its stock based on the firm's unscaled performance in crypto mining.

MARA Holdings Prepares For A Huge AI Push

On @BloombergTV, MARA Chairman and CEO @fgthiel explained how MARA's two-phase immersion technology can help reduce the AI industry's need for water consumption in a cost-effective way when cooling their infrastructure. Watch: pic.twitter.com/OtQgspYf9I

- MARA (@MARAHoldings) September 25, 2024

In the latest development, MARA Holdings is preparing for a massive push with artificial intelligence (AI). During a recent interview on Bloomberg TV, thecompany's CEO, Fred Thiel, revealed the firm's next move.

According to the executive, MARA Holdings' two-phase immersion cooling technology will drop the water consumption rate for the AI industry.

Further, the CEO noted that this technological breakthrough indicates a cost-effective option for cooling AI infrastructure that depends on using large amounts of water.

MARA To Record 3X Rallies Following Macquarie Buy Call

Macquarie Group, a global financial services group, recently released a report regarding a potential MARA stock surge. The firm alsomade positive recommendations about Marathon Holdings stock amid its increasing expansion moves.

The VP of Investor Relations at Marathon Digital, Robert Samuels, took to X to disclose Macquarie's indications.

In its report, Macquarie discussed Marathon Digital's top performance within the crypto-mining industry. It noted that the firm has distinguished itself as a leader in mining.

The report indicated that MARA has expanded its dominance by catering to physical and virtual infrastructure needs.

A portion of the report stated: MARA is not only a top performer in mining but also supplies physical and digital infrastructure, including its mining pool, miner firmware, an Auradine stake (an ASIC manufacturer), and advanced two-phase liquid immersion cooling."

Further, Macquarie highlighted Marathon's moves to enhance its mining capacity. The firm's target is to achieve an operational mining capacity of 50 EH/s by the end of this year.

Also, Marathon is leveraging its innovative energy-harvesting engagement to develop a robust social license, further enhancing its gas and heat-cooling technology.

Meanwhile, MARA stock has recorded increasing demand within the market. The report revealed that the Canadian Public Sector Pension Investment Board acquired about 600,518 MARA shares worth almost $12 million.

Also, as of the end of Q2 2024, the Public Sector Pension Investment Board owned about 0.21% of Marathon Digital's total stock.

According to data from the Financial Times, MARA stock trades at $17.07 per unit. The share has increased 5.73% over the past 24 hours.

MARA's price has hovered between the $13 and $16 accumulation range for some period now.As such, some market analysts forecast an upcoming explosive spike for MARA. They believe the stock could hit a 3x rally if BTC surges to the $90,000 region.

$MARA - Marathon

Most #Bitcoin miners are in a massive compression zone where a violent breakout to the upside is almost imminent. Until then, some ST volatility can still be expected

Accumulation range: $13-16

This is VERY limited downside for the potential 2-3x that's... pic.twitter.com/zQ1BQTuv52

- Danny Marques | Investing Informant (@Invst_Informant) September 23, 2024

Bitcoin miners' revenue plummeted by almost 57% after the Bitcoin halving event, resulting in an overall stock decline. However, the market is gradually reclaiming its value with significant price growth.

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