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Salman Hassan Khan, Chief Financial Officer of MARA Holdings, Inc. (NASDAQ:MARA), sold 34,732 shares of common stock on July 15, 2025, for $19.05, totaling $661644.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025. Following the transaction, Khan indirectly holds 324,572 shares through the S & N Khan Family Trust, where he and his spouse serve as trustees and his immediate family members are the beneficiaries. Khan also directly holds 1,497,261 shares of MARA Holdings.
In other recent news, MARA Holdings Inc reported that UBS has raised its price target for the company to $203 from $175, maintaining a Buy rating. UBS adjusted its earnings per share estimate for the second quarter of 2025 to $3.03, compared to a consensus of $3.48, with expectations of higher refining earnings driving positive revisions. Additionally, MARA announced the appointment of Nir Rikovitch as Chief Product Officer, who will lead the company’s product strategy and commercialization efforts. The company is targeting a hashrate of 75 exahash per second by the end of 2025, representing significant growth from 2024 levels. MARA also reported holding nearly 50,000 bitcoin as of June 30, with no sales during the month. In collaboration with TAE Power Solutions, MARA is developing a high-frequency responsive load management system for data centers and cryptocurrency mining operations. This partnership aims to create a 10MW clean energy storage network to manage energy demands effectively. Furthermore, MARA’s stock saw an increase following the successful IPO of Circle Internet Group, reflecting broader investor confidence in the cryptocurrency sector.
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