MARA CEO Fred Thiel Notes Bitcoin Mining Gets Little Love From Investors, But Hopes Energy, AI Ventures Will Draw ‘More Attention’
MARA Holdings Inc. (NASDAQ:MARA) CEO Fred Thiel addressed concerns on Tuesday about the perceived undervaluation of the company’s stock in the Bitcoin (CRYPTO: BTC) mining sector.
MARA Execs Optimistic About Power, AI Segments
During the firm’s third-quarter earnings call, Thiel admitted that investors “don’t put a lot of value’ on the Bitcoin mining infrastructure and business.
However, he expressed optimism that as MARA’s business evolves, particularly with the addition of energy generation and AI segments, the company will receive “more attention.”
Salman Khan, MARA’s Chief Financial Officer, added that the company has secured enough power capacity to gain a competitive advantage. He said that a combination of Bitcoin mining, AI infrastructure services and integrated power would drive value for stockholders in the long term.
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