MARA Holdings is rallying after announcing plans to scale part of its data centers into AI-capable infrastructure, boosting its stock by 11% early Friday. This move comes as cryptocurrency stocks generally climb this week, driven by quarterly results and a rebound in bitcoin ETF inflows.
Bitcoin Price and ETF Flows
Bitcoin's price jumped as high as $69,953 late Wednesday, up from around $63,000 on Tuesday, before easing back near $66,000 by Friday morning. The surge aligns with spot bitcoin ETFs registering $1.018 billion in inflows over the past three trading days, including $506.6 million on Wednesday—the highest single-day inflow since Feb. 2, according to SoSoValue data. These ETFs are on track for their first week of inflows after five consecutive weeks of capital declines. However, BTC remains down more than 26% over the past month and trades well below its October record high near $126,200.
MARA's Strategic Partnership
MARA reported a loss of $4.52 per share on a 6% decline in revenue to $202 million, missing analyst expectations. Separately, it announced a partnership with Starwood Capital Group to convert select data center sites into AI- and hyperscale-capable digital infrastructure. Starwood Digital Ventures will lead design and development, while MARA contributes energy-advanced sites. The joint venture aims to deliver about 1 gigawatt of near-term capacity, with a pathway to over 2.5GW. CEO Fred Thiel stated, "This partnership will accelerate our expansion into high-performance computing and advance our strategy to build an integrated, energy-backed digital infrastructure platform."
Other Bitcoin Miners' Performance
- TeraWulf reported a widened 2025 loss of $1.66 per share, with revenue surging over 20% to $168.46 million. Its stock fell 8% early Friday, paring a 55% rally this year.
- Figure Technologies saw earnings improve to 6 cents per share but missed estimates, with revenue soaring about 91% to $159.9 million. Its stock retreated 15% Friday and has dropped about 30% since Dec. 31.
- American Bitcoin reported Q4 revenue of $78.32 million, short of estimates, with a net loss of $59.5 million. The company held 5,401 bitcoin at year-end, increasing to over 6,000, with 2,776 pledged or collateralized. Shares declined 1.8% Friday and have tumbled more than 36% this year.
Overall, the cryptocurrency sector shows mixed signals, with MARA's AI plans driving optimism amid broader market volatility.
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