9 Best Bitcoin Mining Stocks to Buy According to Hedge Funds

7. MARA Holdings (NASDAQ:MARA)

Sector/Industry: Financial (Capital Markets)

Share Price: $9.94

Potential Upside: 122.4%

Number of Hedge Fund Holders: 35

MARA Holdings (NASDAQ:MARA) is one of the best bitcoin mining stocks to buy according to Hedge Funds.

The stock received a Buy rating from Rosenblatt Securities analyst Chris Brendler on December 19. Although the analyst revised his price target from $22 to $15, he still reaffirmed his optimism on MARA Holdings (NASDAQ:MARA). Brendler anticipates an almost 51% upside for the stock from the prevailing level.

As of December 24 closing, consensus ratings for MARA Holdings (NASDAQ:MARA) also remain reasonably bullish, after a dip of almost 41% in share price during 2025. The company received coverage from 12 analysts, seven of whom assigned Buy ratings and five assigned Hold calls. The resulting consensus 1-year average price target for the stock is $22.11, which offers an attractive 122.4% upside from the current level.

Mining-related stocks have remained under pressure in recent weeks amid broader crypto-led pullbacks. Strong intrinsic links between MARA Holdings (NASDAQ:MARA) and bitcoin now appear to be a double-edged sword, characterized by both risks and opportunities. Given the positive analyst sentiment highlighted above, there may be opportunities for investors following the recent share price dip.

MARA Holdings (NASDAQ:MARA) is one of the largest publicly listed bitcoin-mining companies. The company operates large-scale facilities for its mining operations, and holds a big chunk of its treasury assets in digital form. The company is also known for utilizing stranded energy sources for bitcoin mining.