11 Stocks That Will Go to the Moon According to Reddit

8. MARA Holdings Inc. (NASDAQ:MARA)

Upside Potential as of March 3: 72.41%

Number of Hedge Fund Holders: 21

MARA Holdings Inc. (NASDAQ:MARA) operates as a digital asset technology company that mines digital assets. It has a focus on the bitcoin ecosystem in the US. It was formerly known as Marathon Digital Holdings until August 2024.

The company is actively acquiring energy assets to reduce costs and improve efficiency. In 2024, it increased its energy capacity from 0.5 to 1.7 gigawatts. Its direct Bitcoin energy cost was $28,801, and the cost per kilowatt-hour was $0.039 at owned sites. Owning energy assets allows MARA Holdings Inc. (NASDAQ:MARA) to extend the life of mining equipment and mine when others cannot. It’s also developing AI solutions for data centers and plans to deploy 30 megawatts of AI compute in 2025.

In full-year 2024, its revenue was $656.4 million, which was a 69% year-over-year rise. The company now plans to acquire more energy assets and aims for 50% international capacity by 2028. It’s focused on capital efficiency and is using its investment in Auradine to build miners. Auradine is a company that designs and builds advanced mining, silicon, and hardware. It enables MARA Holdings Inc. (NASDAQ:MARA) to produce its own optimized Bitcoin miners.