MARA Holdings shares rose by about 5% in a session when the Bitcoin price fell below $80,000, as the market focused on the company’s strategy to expand infrastructure to serve AI for this Bitcoin mining business.
This development shows that MARA’s short-term valuation reflects not only the price of Bitcoin. However, Bitcoin mining activity remains the company’s business foundation, so BTC movements continue to have a major impact on operating results.
MAIN CONTENT
MARA rose by about 5% even though Bitcoin fell below $80,000.
The company expands power infrastructure, land, and data centers for AI.
The 12 USD zone is the short-term price threshold to watch for MARA stock.
MARA is priced in based on AI infrastructure
MARA Holdings is being viewed by a segment of the market as a company that can tap into power infrastructure and data centers for AI services, alongside Bitcoin mining operations.
MARA stock rose by about 5% in the most recent session, while Bitcoin fell. Cipher Mining also increased, suggesting buying pressure isn’t focused on just one Bitcoin mining company.
Stocks of Bitcoin miners often fluctuate with BTC because the Bitcoin price directly affects the value of the coins they mine. This time, investors seem to be paying more attention to the miners’ ability to use electricity, land, and data centers for AI computing demand.
In its quarterly report, MARA Holdings identifies Bitcoin mining as its operating foundation, while also pursuing opportunities related to AI and other services.
MARA Holdings has also signed a deal to repurchase Long Ridge Energy for a value of about $1.5 billion. MARA said the location could provide additional capacity for AI applications and other computing activities in the future.
Technical price milestones for MARA stock
The 12 USD zone is MARA’s short-term resistance level after the stock rebounded from around 9 USD at the end of August.
Referenced Price Levels Meaning 9 USD MARA price zone recovering from late August. 12 USD Short-term resistance level being watched. 12.15 USD The highest price MARA reached during the session. 11.70 USD MARA trading level after falling from the session high. 12.20 USD The level that needs to be surpassed to head toward the 13 USD zone. 11 USD Zone to watch if selling pressure continues. 10 USD Price zone that could be tested in a bearish scenario. 15 USD June peak that MARA still hasn’t reclaimed.
MARA previously broke above 12 USD and touched 12.15 USD during the session, before slipping back to 11.70 USD. The stock has approached the 12 USD zone multiple times, but hasn’t managed to sustain gains above that level.
Source: TradingView
The short-term price scenario still depends on the 12 USD zone
MARA could move toward 13 USD if it decisively breaks above 12.20 USD, while the 11 USD and 10 USD levels are key points to watch if sellers continue to dominate.
MARA’s stock remains below the June peak near 15 USD. Therefore, the current rebound is still in formation, even though the AI infrastructure plan has generated additional interest in the company.
Summary
MARA’s price moved in the opposite direction to Bitcoin, thanks to expectations related to AI infrastructure and the Long Ridge Energy deal, but its Bitcoin mining activities still tightly link the company’s results to BTC price movements. On the price chart, the 12 USD zone remains an important short-term marker.
Source: https://tintucbitcoin.com/co-phieu-mara-tang-khi-bitcoin-giam-van-thu-moc-12-usd/
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