US Stock Market Move | Concept stocks of cryptocurrencies performed strongly, MARA Holdings (MARA.US) surged over 10%.
Cryptocurrency concept stocks have shown strong performance. As of the time of writing, MARA Holdings has risen by over 10%.
On Thursday, US cryptocurrency stocks performed strongly, with Bitdeer Technologies (BTDR.US) and MARA Holdings (MARA.US) rising over 10%, Cipher Mining (CIFR.US) rising over 6%, and Riot Platforms (RIOT.US) rising over 2.5% as of the time of writing. In terms of news, MARA Holdings reported a 37% year-on-year increase in revenue for the fourth quarter of 2024, reaching $214 million; with a 69% year-on-year increase in revenue for the full year, reaching $656.4 million. In addition, the company's quarterly net profit soared 248% to $528.3 million, while adjusted EBITDA increased significantly by 207% to $794.4 million.
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