Jim Cramer Thinks These 13 Stocks Will Benefit From the New Administration

10. MARA Holdings, Inc. (NASDAQ:MARA) 

Number of Hedge Fund Holders: 12

Commenting on MARA Holdings, Inc. (NASDAQ:MARA), Cramer said that the stock was up 57% as of Monday. In early November, the company successfully raised $980 million in net proceeds from a $1 billion private placement of convertible senior notes. This offering, which included a full $150 million option exercised by initial investors, was oversubscribed, reflecting strong demand.

In the third quarter, the company increased its mining capacity by 372 megawatts (“MW”) in Ohio, which included acquiring a 222 MW site at a cost of $270,000 per MW. Additionally, it secured the development of a 150 MW greenfield site. The company also launched a 25 MW micro data center operation across wellheads in Texas and North Dakota, aimed at converting excess flared gas into electricity for use at co-located data centers. This initiative is part of its strategy to own and operate energy generation with near-zero costs.

On November 27, MARA Holdings (NASDAQ:MARA) provided an update to investors regarding its acquisition of bitcoin. As part of the funds raised through the convertible notes offering, the company purchased 6,474 BTC. This acquisition was split into two rounds in November.

The first purchase was for 5,771 BTC, which amounted to nearly $550 million, while the second purchase involved 703 BTC, valued at approximately $65 million. Following these transactions, MARA Holdings’ (NASDAQ:MARA) total bitcoin holdings reached 34,794 BTC.