MARA Holdings (MARA) Faces Pressure After Bitcoin Drop

MARA Holdings, Inc. (NASDAQ:MARA) is one of the 12 Stocks that Will Bounce Back According to Wall Street Analysts. On December 19, Rosenblatt reduced its price target on MARA Holdings, Inc. (NASDAQ:MARA) from $22 to $15 but kept its Buy rating on the stock.

The firm’s analyst noted that Bitcoin miners have struggled throughout 2025 because of very high network competition. This problem has “gone from bad to worse” after the recent sharp decline in Bitcoin prices. Rosenblatt pointed out that while pure play miners are expected to stay under pressure, companies that are involved in high-performance computing may be less affected because of “entirely uncorrelated and considerably more profitable” opportunities in high-performance computing.

Earlier, on December 17, Reuters reported that crypto mining companies, including MARA Holdings, Inc. (NASDAQ:MARA), have faced setbacks following the recent downturn in the crypto market. These companies had benefited from long-term contracts that provided cheap electricity. However, many are now shifting their focus toward AI data centers for large tech companies.

Matthew Sigel, portfolio manager of VanEck Onchain Economy ETF, pointed out that these stocks “combine two powerful themes: digital assets via their bitcoin exposure and AI.” Sigel also noted that the “macro environment turned a little bit” and these companies got punished.

MARA Holdings, Inc. (NASDAQ:MARA) is an American digital asset technology company that is primarily focused on energy generation and Bitcoin mining.

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Disclosure: None. This article is originally published at Insider Monkey.