MARA and CleanSpark Stocks Slide as Bitcoin Losses Sink Quarterly Results
BeInCrypto
Shares of Bitcoin miners MARA and CleanSpark fell after reporting quarterly losses driven by fluctuations in their Bitcoin treasury valuations.Summary
MARA Holdings and CleanSpark, Inc. saw their stock prices decline in after-hours trading following the release of weak quarterly financial results. Both companies reported significant net losses, primarily attributed to the falling fair value of their substantial Bitcoin holdings. MARA reported a $1.3 billion net loss, while CleanSpark reported a $378.3 million loss, both reflecting a broader trend of financial instability affecting Bitcoin mining firms due to market volatility.
(Source：BeInCrypto)