Rosenblatt Maintains Buy on MARA Holdings (MARA) While Slashing PT to $15

Core Insights - Mara Holdings Inc. is experiencing significant analyst attention, with price target adjustments reflecting market conditions and company performance [1][2] Financial Performance - In Q3 2025, Mara Holdings reported a 92% revenue increase to $252.4 million, up from $131.6 million in the same period last year [2] - The company achieved a net income of $123.1 million, or $0.27 per diluted share, compared to a net loss of $124.8 million in Q3 2024 [2] Bitcoin Metrics - The company's hash rate increased by 64% year-over-year to 60.4 exahash per second (EH/s) [3] - Mara Holdings mined 2,144 Bitcoin during the quarter, with total holdings growing by 98% to nearly 53,000 Bitcoin [3] - The average cost of energy per Bitcoin mined was $39,235, with a 15% reduction in daily cost per petahash year-over-year [3] Company Overview - Mara Holdings operates as a digital asset technology company in the US and Europe, providing technology solutions for data center operations [4]