MARA Holdings' stock surged 8.02% in pre-market trading on Friday, significantly outperforming the broader market as cryptocurrency-related stocks rallied.

The sharp rise in MARA Holdings, a cryptocurrency mining company, comes as bitcoin recovers from recent losses. Bitcoin, the world's largest cryptocurrency, was up 5.1% at $66,355.01 after falling to a low of $60,008.52 earlier in the session, fueling gains across crypto-adjacent plays.

Other cryptocurrency miners and blockchain-related firms also saw pre-market gains, with the sector rebounding after bitcoin suffered its sharpest decline since 2022 earlier in the week. The bounce in digital assets has improved risk sentiment for companies tied to the cryptocurrency ecosystem.