NasdaqCM:MARASoftware
MARA Holdings (MARA) Stock Price Sinks As Bitcoin Losses Cloud Pivot
MARA Holdings stock closed at US$10.10, down just over 5% on Thursday, capping a rough three months that have already taken more than 20% off the share price. The headline this quarter is not the revenue line; it is the scale of losses tied to Bitcoin volatility and the balance sheet choices now being made to fund a pivot toward power rich digital infrastructure.
Q2 brought total revenue of US$174.9m but also a net loss of US$609.7m, heavily influenced by unrealized fair value hits on digital...