Episode Details
Back to Episodes
MARA Holdings' Q1 Loss: Bitcoin Mining Struggles, AI Pivot
Published 2 weeks ago
Description
MARA Holdings Q1 results were disappointing, with a 18% revenue drop and a massive $1.3 billion loss, primarily due to Bitcoins price plunge. Shares plummeted 3.44% after hours. Despite the setback, MARA is doubling down on AI data centers, acquiring Long Ridge Energy and Power for $1.5 billion, which could handle 600 MW for AI in the future.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/2b1b567ced968edf