MARA Holdings' stock soared 12.43% over the 24-hour period, with significant movement occurring in the post-market session on Thursday.

The surge followed the company's release of its fourth quarter and fiscal year 2025 financial results, which provided investors with an update on its operational and financial performance.

More significantly, MARA announced a strategic partnership with Starwood Capital Group and its dedicated data center platform, Starwood Digital Ventures. The agreement focuses on converting and expanding select MARA sites into next-generation digital infrastructure capable of meeting growing demand from enterprise, hyperscale, and AI customers. The joint venture is expected to deliver approximately 1 gigawatt of near-term IT capacity, with a development pathway to more than 2.5 gigawatts, marking a strategic expansion beyond pure bitcoin mining into high-performance computing and digital infrastructure.