What’s Happening With Bitcoin Miner – MARA Stock?
ANKARA, TURKIYE – NOVEMBER 23: In this photo illustration, Bitcoin cryptocurrency is displayed in … [+]
MARA Holdings stock (NASDAQ: MARA), a Bitcoin mining company, was up nearly 40% in a month. The company is seeing an improvement in mining capacity and the rising Bitcoin price is bolstering its stock price growth. Furthermore, the company successfully placed $1 billion in convertible senior notes last month. Looking at a slightly longer period, MARA has seen its stock rise a whopping 700% from levels of $3 in early 2023 to $27 now. This can be attributed to:
- a 266% rise in the company’s P/S ratio from 3.6x in 2022…
