MARA Shares Fall on $1.3B Q1 Loss, Revenue Miss

Cointelegraph Staff

(03:30 AM UTC)

1 min read

Shares in MARA Holdings fell after the bell on Monday as the Bitcoin miner’s first-quarter losses deepened from a year ago and its revenues missed analyst estimates.

MARA’s earnings released on Monday reported its revenues for the quarter ending March 31 dropped 18% year-on-year to to $174.6 million, missing Wall Street expectations of $192.7 million.

The company reported a loss of $1.3 billion for…

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