Bitcoin miner MARA Holdings reported lower-than-expected Q3 revenue, causing its stock price to drop.

Bitcoin miner MARA Holdings reported Q3 revenue of $131.6 million, missing market expectations, leading to a drop in its stock price. Analysts gave mixed ratings, with some maintaining a "Buy" rating while others downgraded the stock. Despite the earnings miss, MARA mined and purchased a total of 8,280 bitcoins, bringing its total holdings to 26,747 bitcoins. The company plans to hold these assets, reflecting confidence in Bitcoin's long-term value.

November 13, 2024
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