Two investment banks are split over how top American Bitcoin miner MARA Holdings will perform, with JPMorgan slashing its most recent price target but Compass Point analysts upgrading its rating in separate notes on Monday. https://t.co/yG5RR0mkIk ...

Core Insights - The Bitcoin mining sector is facing significant valuation distortions due to inaccurate diluted share counts, which are underreported by 20%–33% for key companies, leading to an understatement of their combined market cap by approximately $8 billion [2][4]. Group 1: Valuation Discrepancies - JPMorgan's analysis indicates that the diluted share counts for Cipher Mining Inc and CleanSpark Inc have increased by about 20%, while Riot Platforms Inc and Marathon Digital Holdings Inc have seen increases of over 30% due to various stock issuances [4][6]. - The reliance on Bloomberg's diluted share counts as a reference point for market cap and enterprise value calculations results in investors undervaluing these companies [4][6]. Group 2: Sector Dynamics - The Bitcoin mining sector is bifurcating, with Cipher and CleanSpark benefiting from multi-year high-performance computing contracts and new data center capacities, which are becoming more valuable than Bitcoin mining itself [5]. - Conversely, Riot and Marathon, as the largest holders of Bitcoin, are experiencing reduced price targets due to deteriorating Bitcoin economics and increasing share counts [6]. Group 3: Implications for Investors - The inaccuracies in share counts lead to flawed financial ratios and valuation comparisons, which are critical for identifying genuine investment opportunities in a sector undergoing a significant business model transition towards AI-driven HPC revenue [7].

MARA Holdings Inc. (NASDAQ:MARA) is one of the best cryptocurrency stocks to buy for the long term. On November 17, Bernstein maintained a Hold rating on MARA Holdings Inc. (NASDAQ:MARA) with a $23 price target. MARA Holdings, Inc. (MARA) Bounces to Profitability on Bitcoin Surge and Expansion into AI Market Earlier on November 4, MARA Holdings Inc. delivered solid third-quarter results, characterized by a 92% year-over-year increase in revenue to $252 million. The robust revenue growth came on the compa ...

Market Overview - The U.S. stock market is experiencing volatility with mixed signals in premarket trading following a significant sell-off, driven by concerns over AI stock valuations and uncertainty regarding the Federal Reserve's interest rate policy [1][2][10] - Major indexes closed sharply lower in the previous session, with the Nasdaq Composite down 2.15%, S&P 500 down 1.56%, and Dow Jones Industrial Average down 0.84%, indicating a potential for significant weekly losses [5] Premarket Trading and Futures - Nasdaq 100 futures are down approximately 0.2% to 0.5%, while Dow Jones futures are up between 0.4% and 0.8%, and S&P 500 futures are largely unchanged or up around 0.3% to 0.6% [2] - The sentiment in premarket trading is characterized by a "risk-off" mood, particularly affecting the tech sector and cryptocurrencies, with Bitcoin trading around $82,800, its lowest since April 11 [3] Treasury Yields and Commodities - The yield on the 10-year Treasury note has slightly decreased to 4.07% from approximately 4.10% [4] - WTI crude futures have dropped 2.2% to $57.85 per barrel, and gold futures are down 0.6% at $4,035 per ounce [4] Upcoming Economic Events - Key economic events include remarks from Federal Reserve officials and the release of PMI Composite Flash and Consumer Sentiment data, which could influence market direction [6] - Investors are anticipating crucial economic data for the week of November 24th, including the U.S. Producer Price Index (PPI), Retail Sales, and Consumer Confidence, which may impact the Federal Reserve's stance [7] Corporate Earnings and Stock Movements - Nvidia (NVDA) shares fell 3.2% despite strong third-quarter results, reflecting concerns over AI sector valuations [13] - Walmart (WMT) saw a 6.5% increase in shares after exceeding expectations and raising its fiscal outlook [13] - Gap (GPS) shares rose 5.6% due to strong comparable sales, while Intuit (INTU) climbed 3.2% after better-than-expected fiscal results [13] - New Fortress Energy (NFE) surged 19.86% in premarket trading amid debt restructuring efforts [13] - Microsoft (MSFT) reported strong first-quarter results, while Alphabet (GOOGL) shares increased 8% following earnings, driven by AI momentum [13] - Meta Platforms (META) experienced a nearly 22% drop due to concerns over spending on AI projects [13] - Palantir (PLTR) shares fell 22% despite strong results, attributed to high valuation expectations [13]

Core Insights - The cryptocurrency market is experiencing heightened volatility, with a total market capitalization decline of 1.8% to $3.57 trillion as of November 12, 2025, and Bitcoin dropping to below $97,000, down 22% from its all-time high of approximately $126,000 in October [2][3] - Investor sentiment is diverging, with retail investors in "max desperation" mode while institutional investors remain stable [5] - Regulatory clarity is boosting investor confidence, with 55% of hedge funds now holding some exposure to crypto, up from 47% in 2024 [6] Company Summaries MARA Holdings, Inc. (NASDAQ:MARA) - MARA reported Q3 2025 revenue of $252.4 million, a 92% year-over-year increase, and net income of $123.1 million, a significant recovery from a net loss of $124.8 million in Q3 2024 [12][13] - The company is focusing on integrating AI infrastructure with Bitcoin mining and has over $7 billion in liquid assets [14][15] - Cantor Fitzgerald reduced its price target for MARA from $30 to $21 while maintaining an "Overweight" rating [12] Hut 8 Corp. (NASDAQ:HUT) - Hut 8 reported Q3 2025 revenue of $83.5 million, a 91% year-over-year growth, and net income of $50.6 million, up from $0.9 million in the previous year [19] - The company announced the sale of its 310-megawatt portfolio of natural gas plants to TransAlta, which reflects its strategic asset management [17] - Northland's analyst raised Hut 8's price target from $26 to $58, citing strong performance from its subsidiary, American Bitcoin [18] IREN Limited (NASDAQ:IREN) - IREN reported Q3 2025 revenue of $240.3 million, a 355% year-over-year increase, and adjusted EBITDA of $91.7 million, up 3,568% year-over-year [24] - Canaccord Genuity increased its price target for IREN from $42 to $70, highlighting the significance of its GPU cloud contract with Microsoft [23] - The company plans to expand its GPU infrastructure from 23,000 to 140,000 by the end of 2026, with Microsoft partially funding the expansion [25][26]

Core Insights - Marathon Digital Holdings continues to transfer Bitcoin, sending 644 BTC valued at approximately $58.7 million to major exchanges, reflecting ongoing asset shifts amid challenging mining conditions [2][3][4]. Group 1: Bitcoin Transfers - The company has transferred a total of 2,348 BTC worth over $215 million earlier in November, indicating a strategic movement of assets [3]. - Recent transfers include over 150 BTC sent to Coinbase Prime just three days prior to the latest transfer [3]. Group 2: Mining Economics - The Bitcoin Hashprice Index has reached an all-time low of $38, indicating declining expected daily earnings per unit of mining power [5]. - The block reward currently stands at 3.15 BTC, highlighting the economic pressures faced by mining firms [5]. Group 3: Financial Performance - In Q3, Marathon Digital reported $252 million in revenue, a 92% year-over-year increase, primarily driven by changes in the fair value of digital assets, particularly Bitcoin [5][6]. - The company is now mining less Bitcoin than a year ago, with daily production decreasing from 23.3 BTC to 22.5 BTC [6]. Group 4: Market Conditions - Bitcoin's price has been trending downwards, recently dropping below $90,000, attributed to macroeconomic pressures and investor profit-taking [7][8]. - The CEO of Marathon Digital noted that the Federal Reserve's hawkish stance has significantly impacted market expectations, contributing to the price decline [8].

The Bitcoin mining firm #MARA deposited another 644 $BTC($58.7M) to #FalconX and #CoinbasePrime.https://t.co/9DlN5ZPsBz https://t.co/doosfgJIcU ...

Core Insights - Marathon Digital Holdings, Inc. (MARA) has established a unique position in the cryptocurrency ecosystem through a dual-built strategy that emphasizes both short-term performance and long-term value creation [1] Company Strategy - The company utilizes a hybrid model where its large-scale, energy-efficient mining fleet produces Bitcoin at lower costs while retaining a significant portion of mined assets, allowing for sustained operating income and increasing Bitcoin reserves [2][8] - This balanced approach provides stability against market fluctuations, ensuring consistent cash generation during periods of crypto volatility while positioning the company for potential shareholder value enhancement if Bitcoin prices rise [3] Industry Comparisons - Riot Platforms (RIOT), another major Bitcoin miner, focuses on scaling energy-efficient operations but has historically opted for a higher sell-through rate of mined Bitcoin, contrasting with MARA's asset-accumulation strategy [4] - Coinbase Global (COIN), a leading cryptocurrency exchange, does not mine Bitcoin but benefits from transaction activity and has diversified revenue streams, similar to MARA's long-term strategic positioning in the crypto economy [5] Financial Performance - MARA's stock has experienced a significant decline of 44.5% over the past month, compared to a 12% decline in the industry [6] - The company trades at an EV/EBITDA ratio of 62.07, significantly higher than the industry average of 11.68, indicating a lower Value Score of F [9] - The Zacks Consensus Estimate for MARA's bottom line has improved over the past 30 days, with current estimates for the current quarter and year at -0.23 and -0.58 respectively [10][11]

Core Insights - MARA Holdings, Inc. has experienced a stock decline of approximately 17% since the initiation of coverage, indicating a cautious outlook on the company's performance [1]. Company Performance - The stock of MARA Holdings, Inc. has seen a significant decrease, reflecting potential challenges in its operational or market environment [1]. Analyst Background - The analysis is conducted by an investor with a strong focus on the tech sector and a background in finance, emphasizing values such as excellence, integrity, transparency, and respect [1].

Core Insights - Many popular stocks have experienced significant declines, creating potential rebound opportunities for investors [1] - A scan identified several oversold stocks with low relative strength index (RSI) values, indicating they may be primed for recovery [2] Oversold Stocks Analysis - MARA Holdings, Inc. (NASDAQ:MARA) has an RSI of 22.95 and has dropped over 40% in the past month, making it a top candidate for recovery [2] - CoreWeave, Inc. (NASDAQ:CRWV) has an RSI of 23.20 and is linked to NVIDIA Corp. (NASDAQ:NVDA), which may provide a supportive catalyst [5] - Webull Corp. (NASDAQ:BULL) has an RSI of 24.06 and has seen a decline of more than 25% in the last month, with upcoming earnings potentially acting as a catalyst [5] - Super Micro Computer, Inc. (NASDAQ:SMCI) has an RSI of 27.77 and has decreased by 35% over the past month, indicating potential for a reversal [5] - SoundHound AI, Inc. (NASDAQ:SOUN) has an RSI of 28.08 and has dropped 40% from its mid-October highs, suggesting it may be undervalued [5] - CleanSpark, Inc. (NASDAQ:CLSK) has an RSI of 28.15, while Hims & Hers Health, Inc. (NYSE:HIMS) has an RSI of 28.84 [5] - Chipotle Mexican Grill, Inc. (NYSE:CMG) and Oracle Corp. (NYSE:ORCL) both have RSIs of 28.84 and 29.14 respectively, indicating they are also in oversold territory [5] - NuScale Power Corp. (NYSE:SMR) has an RSI of 29.49, rounding out the list of oversold stocks [5] Investment Considerations - Stocks with very low RSI values may present attractive opportunities for quick rebounds, but investors should use additional indicators to confirm potential reversals [5]