Mara Holdings Post-Election Rally Slowed By Wider Than Expected Q3 Loss

Investopedia2024-11-13

Key Takeaways Mara Holdings, parent company of Bitcoin miner Marathon Digital, reported third-quarter results that missed estimates after the bell Tuesday.Mara Holdings reported a net loss nearly $50 ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMara Holdings Post-Election Rally Slowed By Wider Than Expected Q3 Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/mara-holdings-earnings-8744382><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nMara Holdings, parent company of Bitcoin miner Marathon Digital, reported third-quarter results that missed estimates after the bell Tuesday.Mara Holdings reported a net loss nearly $50 ...</p>\n\n<a href=\"https://www.investopedia.com/mara-holdings-earnings-8744382\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861558580.USD","symbol_name":"日兴方舟颠覆性创新基金B","start_time":0,"source_url":"https://www.investopedia.com/mara-holdings-earnings-8744382","article_id":"2483519833","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/819TkfapvQQ8vbNPnzCurbMPgbQ=/3483x2322/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-21825548322-3744b7fd55b94f4b838d8b0c9651f293.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483519833","pubTimestamp":1731511125,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Mara Holdings, parent company of Bitcoin miner Marathon Digital, reported third-quarter results that missed estimates after the bell Tuesday.Mara Holdings reported a net loss nearly $50 million larger than analysts had expected.Shares fell in early trading Wednesday, reversing the stock's post-election rally.Mara Holdings  stock's post-election rally slowed Wednesday after the Bitcoin  mining company's third-quarter results missed estimates.The company reported $131.6 million in revenue after the bell Tuesday, up from $97.8 million in the same time last year, but below the $146.7 million analysts had expected, according to estimates compiled by Visible Alpha. Mara recorded a net loss of $124.8 million for the quarter, nearly $50 million larger than the consensus analyst estimate of $76.3 million.The company acquired more than 8,000 bitcoins in the quarter, as it mined 2,070 bitcoins and purchased another 6,210 bitcoins. At the end of the quarter, Mara Holdings owned 26,747 bitcoins, th","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","LU1861558580.USD":"日兴方舟颠覆性创新基金B","09439":"嘉实比特币-U","BK4516":"特朗普概念","BK4539":"次新股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4212":"包装食品与肉类","POST":"Post Holdings","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4595":"比特币概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","03008":"博时HashKey比特币ETF","BK4535":"淡马锡持仓","09042":"华夏比特币-U","BK4588":"碎股","03439":"嘉实比特币","BK4551":"寇图资本持仓","COIN":"Coinbase Global, Inc.","BK4547":"WSB热门概念","03042":"华夏比特币","BK4596":"哈里斯概念","BK4112":"金融交易所和数据","09008":"博时HashKey比特币ETF-U","MARA":"MARA Holdings"},"translate_title":"Mara Holdings选举后涨势放缓，第三季度亏损超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"POST":1,"MARA":1,"COIN":1,"03042":0.78,"09439":0.78,"03008":0.78,"03439":0.78,"09008":0.78,"09042":0.6},"content_text":"Key Takeaways\nMara Holdings, parent company of Bitcoin miner Marathon Digital, reported third-quarter results that missed estimates after the bell Tuesday.Mara Holdings reported a net loss nearly $50 million larger than analysts had expected.Shares fell in early trading Wednesday, reversing the stock's post-election rally.\n Mara Holdings (MARA) stock's post-election rally slowed Wednesday after the Bitcoin (BTCUSD) mining company's third-quarter results missed estimates.\n\n\n The company reported $131.6 million in revenue after the bell Tuesday, up from $97.8 million in the same time last year, but below the $146.7 million analysts had expected, according to estimates compiled by Visible Alpha. Mara recorded a net loss of $124.8 million for the quarter, nearly $50 million larger than the consensus analyst estimate of $76.3 million.\n\n\n The company acquired more than 8,000 bitcoins in the quarter, as it mined 2,070 bitcoins and purchased another 6,210 bitcoins. At the end of the quarter, Mara Holdings owned 26,747 bitcoins, the company said, worth over $2.4 billion at the cryptocurrency's Wednesday morning price around $91,400.\n\n\n The miner said it is still following a new policy it announced last quarter, that it will stop selling bitcoin and hold any new bitcoin it mines or purchases. Mara said the strategy \"reflects our confidence in the long-term value of BTC and our belief that it is the world’s best treasury reserve asset.\"\n\n\n Mara's stock, the price of cryptocurrencies like Bitcoin, and other stocks around the crypto industry like Coinbase (COIN) have surged over the last week as the industry cheered former President Donald Trump's win in last week's U.S. election. The industry sees a Trump administration as likely to be friendlier to cryptocurrency than the Biden administration has been or a potential Harris administration would have been.\n\n\n Mara shares were down more than 2% Wednesday morning, but have still risen roughly 46% since election day.\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483519833"}