MARA Holdings stock rises as Bitcoin lifts shares

Published on 09/23/2026 at 01:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MARA Holdings stock traded at USD 13.76 on September 22, 2026, up 3.58 percent intraday. Its latest quarter showed USD 174.88 million in revenue.

MARA, US56575P1084, Illustration mit AI erstellt.

MARA Holdings stock (ISIN US56575P1084) traded at USD 13.76 on Nasdaq at 11:22 a.m. EDT on September 22, 2026, up USD 0.48 or 3.58 percent from the previous close. The immediate catalyst was Bitcoin crossing USD 85,000 on September 21, 2026, according to Ad-hoc News.

Bitcoin drives the immediate catalyst

The price reaction reflects MARA's operating sensitivity to the cryptocurrency market. The same September 22, 2026 report described MARA as a digital infrastructure company whose core activity remains Bitcoin mining, with approximately 1.9 gigawatts of total capacity across four continents, according to Ad-hoc News.

The stock remained well below its 52-week high of USD 23.45 while standing above the 52-week low of USD 6.66 on September 22, 2026. At USD 13.76, the gap to the high was USD 9.69 and the premium to the low was USD 7.10, making Bitcoin's direction more important than the one-day percentage move alone.

Latest quarter missed expectations

MARA's latest reported quarter, released on August 6, 2026, produced revenue of USD 174.88 million, down 26.7 percent from the year-earlier period, according to MarketBeat. Earnings were a loss of USD 1.60 per share, compared with a profit of USD 1.84 per share in the same quarter of the previous year, and missed the USD 0.17 consensus estimate by USD 1.77.

The negative earnings figure is the key counter-factor to the Bitcoin-led trading impulse. Zacks reported on September 21, 2026, that adjusted earnings in the latest quarter were a loss of USD 0.70 per share, missing the USD 0.56 loss estimate by USD 0.14, or 25 percent. Its consensus forecast for the September 2026 quarter called for a loss of USD 0.04 per share and revenue of USD 204.88 million, down 18.83 percent from the year-earlier period.

Stock remains below yearly high

Market data showed a market capitalization of USD 5.27 billion and volume of approximately 43.27 million shares on September 22, 2026, compared with an average daily volume of 46.56 million shares, according to MarketBeat. The trading volume was therefore 7 percent below the cited average, while the share price gained 2.64 percent at the latest close of USD 13.63.

H.C. Wainwright maintained a Buy rating and a USD 20 price target on September 22, 2026, according to Futu News. The target is USD 6.24 above the September 22 intraday quote, but the latest quarterly loss and falling year-over-year revenue leave Bitcoin prices and operating efficiency as the decisive variables.

Next earnings date is November 3

Barchart listed November 3, 2026, as MARA's next earnings date and showed the most recent earnings figure as a USD 0.70 per-share loss on August 6, 2026. That report will provide the next quantified test of whether stronger Bitcoin prices can offset the company's recent revenue decline and earnings shortfall.