22 Articles
22 Articles
Marathon Posts $1.3B Loss as Bitcoin’s 18% Slide Cuts Q1 Revenue by $35M – #CryptoUpdatesGNIT
Key Takeaways Marathon Holdings posted a $1.3 billion net loss in Q1 2026 due to an 18% drop in average bitcoin prices.The 33% surge in hashrate to 72.2 EH/s reflects intense mining competition and rising overhead costs.Marathon sold $1.5 billion in bitcoin to fund a strategic pivot into AI and retire 30% of its debt. Surge in Operating Costs Digital infrastructure company Marathon Holdings attributed a decline in revenue in the first quarter of…
MARA Holdings (MARA) Stock Plunges 5% Following $1.5B Bitcoin Liquidation
The post MARA Holdings (MARA) Stock Plunges 5% Following $1.5B Bitcoin Liquidation appeared on BitcoinEthereumNews.com. Key Takeaways Shares of MARA Holdings declined 5% on Tuesday, settling near $12.65 following a disappointing Q1 report showing a net loss of $1.26 billion—over twice the prior year’s deficit. The firm liquidated 20,880 BTC valued at approximately $1.5 billion during the first quarter, deploying $1.1 billion to repurchase conver…
While the Bitcoin robs the mountain like an old tired cable car, Marathon discreetly sells its digital treasure to feed its dreams of artificial intelligence and avoid a nasty industrial slide now visible everywhere. The Marathon article loses $1.3 billion to the T1 2026 due to the fall of Bitcoin appeared first on Cointribune.
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