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MARA Q1 revenue drops 18%, says bitcoin mining remains 'operational foundation'

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TB
The Block Editorial
(09:14 PM UTC)
1 min read
DK
Reviewed byDavid Kim

MARA shares fell more than 5% tin after-hours trading on Monday after the firm reported weaker first-quarter revenue while sharing more insight on its expansion into AI and digital infrastructure without abandoning bitcoin mining.

Revenue fell 18% year-over-year to $174.6 million in the first quarter, down from $213.9 million a year earlier, while net losses widened to $1.3 billion. This was…

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The Block Editorial · The Block

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