Mara Holdings price target raised to $23 from $21 at B. Riley

B. Riley raised the firm’s price target on Mara Holdings (MARA) to $23 from $21 and keeps a Neutral rating on the shares. As of December 17, BTC has increased by around 53% since Election Day after reaching an all-time high above $107k, and during the same period, the global hash rate has risen by 11%, but peaked at around 890 EH/s for a brief period, the analyst tells investors in a research note. Bullish sentiment continues to prevail among BTC mining companies, and Mara is among the most bullish, as it highlighted BTC purchases as one of the primary uses of proceeds from their convertible senior notes offering, the firm says.