MARA Holdings amends Texas deal. JPMorgan cuts MARA Holdings stock target

Published on 10/07/2026 at 00:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Texas project price remains USD 600.0 million after the September 21, 2026 amendment. MARA Holdings stock had a prior close of EUR 9.76 on October 5, 2026.

MARA Holdings, US5657881067, Illustration mit AI erstellt.

MARA Holdings (ISIN US5657881067) amended its Texas site agreement on September 21, 2026, while JPMorgan cut its target for MARA Holdings stock from USD 13.00 to USD 11.00. According to StockTitan, the agreement keeps the aggregate project price at USD 600.0 million if all milestones are achieved; Investing.com reported JPMorgan's target change on September 14, 2026.

Texas project keeps its scale

The amendment concerns MAT 1177 LLC, a project company linked to a Texas site with rights under a utility letter agreement for 2,000 megawatts of power capacity. StockTitan reported that MARA posted a USD 100.0 million security deposit, with milestone payments tied to regulatory approvals and the company's decision to proceed.

The site is part of MARA's wider shift from Bitcoin mining toward digital infrastructure. The company's investor-relations page describes MARA as a developer of digital asset compute and identifies the second quarter of 2026 as its latest reported period, ended June 30, 2026, per MARA.

Losses raise the execution stakes

MARA reported USD 174.88 million of revenue and a USD 611.32 million net loss in the second quarter of 2026. Revenue fell 26.70 percent from USD 238.50 million in the second quarter of 2025, while diluted earnings per share were a loss of USD 1.60, according to StockTitan.

The contrast is material for the Texas strategy: power capacity is expanding through agreements that depend on approvals and future milestones, while the latest quarter carried a USD 343.0 million unrealized loss on digital assets. Clear Street retained a Hold rating and a USD 10.00 target, while the firm also highlighted the need for a first signed high-performance computing lease, per Investing.com.

Prior close sets the reference

MARA's primary listing is Nasdaq, where Yahoo Finance showed a USD 11.17 closing price on October 5, 2026, a USD 6.66 to USD 23.45 52-week range and a USD 4.3 billion market capitalization. The Lang & Schwarz prior close was EUR 9.76 on October 5, 2026.

The further course of trading is shown by the continuously updated real-time quote of MARA Holdings stock.