Marathon Holdings stock surged as much as 5% in morning trade on Wednesday after the company revealed it had achieved a record-breaking hash rate of 50 exahashes per second (EH/s) – the highest hashrate of any Bitcoin miner in the industry right now.

The company is seeing an improvement in mining capacity and the rising Bitcoin price is bolstering its stock price growth.

American Bitcoin miner MARA announced Tuesday that it bought 11,774 BTC for $1.1 billion, and now holds nearly $4 billion worth in total.

J.P. Morgan analyst Reginald Smith on Tuesday upgraded CleanSpark (NASDAQ:CLSK) and Cipher Mining (NASDAQ:CIFR) shares to Overweight from Neutral, and also MARA Holdings (NASDAQ:MARA) to Neutral from Underweight,

Bitcoin miner MARA Holdings has snapped up another $1.1 billion worth of Bitcoin and crossed a record 50 EH/s in energized hashrate.

The bank updated estimates for a number of mining stocks in its coverage following third quarter results and recent gains in bitcoin and the hashrate.

Mara Holdings (MARA -6.53%) is going all-in on the world's top cryptocurrency, and many investors aren't happy about it. The company's stock closed Monday almost 7% lower followin

Bitcoin miners like MARA are leveraging convertible bonds to increase BTC holdings, injecting stock volatility and achieving high BTC Yields. Read more here.

MARA bought 11,774 Bitcoin with the proceeds of its zero-coupon convertible notes offerings. The Bitcoin miner has achieved a yield of 47.6% since the beginning

Bitcoin miner MARA on Tuesday confirmed an acquisition of 11,774 BTC for $1.1 billion, increasing its total Bitcoin holdings to 40,435 BTC. MARA is the second-largest public corporation in terms of Bitcoin holdings,