Three major US stocks tied to Bitcoin mining—MARA Holdings, Riot Platforms (RIOT), and Core Scientific (CORZ)—are showing strong momentum as Bitcoin continues to trade near record highs. MARA hit a record $752 million in annualized mining revenue after BTC broke above $112,000, while RIOT secured a $200 million credit facility from Coinbase to fuel its expansion.
CORZ, backed by overwhelmingly bullish analyst sentiment, is flashing signs of a golden cross, with a 60.3% average upside forecast and a price target of $18.09. All three companies are deeply rooted in BTC mining at their core, and their recent moves signal growing confidence in the sector’s long-term potential.
MARA Holdings (MARA)
MARA Holdings, the world’s largest publicly traded Bitcoin mining firm, is solidifying its place at the intersection of crypto innovation and industrial efficiency.
The company posted a record-breaking annualized revenue of $752 million on May 27—its most profitable day—following Bitcoin’s explosive rally past $112,000.
Despite a 19% drop in BTC production due to the April halving, MARA’s strategic pivot to vertical integration and its expanding Bitcoin treasury, now valued over $5.28 billion, have strengthened its long-term positioning.
MARA Price Analysis. Source: TradingView.
Unlike firms that simply hold Bitcoin, MARA is increasingly mining its supply, cutting electricity costs through direct energy sourcing and even recycling heat from mining operations, all while trading at a modest discount to the value of its BTC holdings.
Technically, MARA closed yesterday at 11.6%, and while it showed a slight 0.91% dip in pre-market trading, the overall momentum suggests an inflection point.
The next resistance lies near $16.70; a breakout there could propel MARA above $17 for the first time since mid-February, signaling bullish continuation. Conversely, if sellers regain control and push the price below the $14.77 support level, MARA could slide further toward $12.63.
Riot Platforms (RIOT)
Riot Platforms (RIOT) has just taken a major step toward expanding its financial flexibility, announcing the upsizing of its existing credit facility with Coinbase Credit from $100 million to $200 million.
The terms remain unchanged, with the borrowed amount secured by a portion of Riot’s Bitcoin holdings and an interest rate based on the federal funds rate plus 4.5%.
CEO Jason Les emphasized that this move aims to diversify Riot’s financing sources and reduce capital costs, aligning with the company’s long-term vision of becoming the world’s leading Bitcoin-driven infrastructure platform.
RIOT Price Analysis. Source: TradingView.
Technically, RIOT closed the previous session up 6.9%, though it’s showing a slight dip of 0.22% in pre-market trading. Analysts remain overwhelmingly bullish: 15 out of 17 rate it a “Strong Buy,” and 15 analysts collectively project an average upside of 70% over the next year, targeting $15.54.
Currently hovering near $9.09, RIOT could gain further momentum if it breaks above $9.47—especially as a golden cross may soon form on its EMA lines.
However, failure to hold support at $9.09 could open the door for a pullback to $8.40, with further downside risk toward $8.05 if selling pressure intensifies.
Core Scientific (CORZ)
Core Scientific (CORZ) closed yesterday with a 5.6% gain and is showing continued momentum with a 0.6% uptick in pre-market trading.
Among 17 analysts offering a one-year forecast, the stock has an average upside potential of 60.3% and a price target of $18.09.
Investor sentiment is overwhelmingly bullish—based on ratings from 18 analysts, 16 currently rate CORZ a “Strong Buy,” reinforcing the market’s confidence in the company’s outlook.
CORZ Price Analysis. Source: TradingView.
As one of the leading players in Bitcoin mining and digital infrastructure, CORZ continues to attract attention for its strategic positioning and strong fundamentals amid rising institutional interest in the crypto space.
From a technical standpoint, CORZ’s exponential moving average (EMA) lines are tightening, signaling that a golden cross may be on the horizon—often a bullish pattern associated with upward price action.
If confirmed, this setup could drive the stock to test resistance at $13.18. However, downside risks remain: if the $10.34 support level fails to hold, CORZ could slide toward $8.85.
