What Sent These 10 Stocks Soaring Today?

8. MARA Holdings Inc. (NASDAQ:MARA)

MARA Holdings extended its winning streak for a fourth straight day on Friday, adding 10.29 percent to finish at $15.76 apiece as investor sentiment was buoyed by its strong revenue performance in the first three months of the year.

In its letter to shareholders, MARA Holdings Inc. (NASDAQ:MARA) said that revenues increased by 30 percent to $213.9 million from the $165 million registered in the same period last year, thanks to the 77 percent increase in average Bitcoin prices, which partially offset lower Bitcoin production.

However, the company remained at a net loss of $533.4 million versus a net income of $337.2 million in the first quarter of last year.

“Although we recognized a loss in [the first quarter] based on a quarter-end [Bitcoin] price of $82,534, the current BTC price of approximately $100,000 would imply a substantial fair value gain,” the company noted.