据 The Block 报道，挪威政府养老基金在 2025 年通过持有加密相关上市公司股票，获得约 9,573 枚 BTC 的间接敞口，同比增长约 149%。该敞口主要来自对 Coinbase、Marathon Digital、Metaplanet 等公 司的投资，属于间接持有，并非基金直接配置比特币。 （来源：吴说） ...

据 The Block 报道，挪威政府养老基金在 2025 年通过持有加密相关上市公司股票，获得约 9,573 枚 BTC 的间接敞口，同比增长约 149%。该敞口主要来自对 Coinbase、Marathon Digital、Metaplanet 等公 司的投资，属于间接持有，并非基金直接配置比特币。 （来源：吴说） ...

Key Takeaways MARA posted $252M in Q3 revenues, up 92% Y/Y, as energized hashrate climbed to 60.4 EH/s across 18 sites.By owning about 70% of capacity, MARA aims to cut costs and reduce third-party reliance.MARA remains high risk as results hinge on Bitcoin prices, large BTC holdings and no plans for cash dividends.MARA Holdings, Inc. (MARA) is benefiting from vertical integration, strategic expansion, and rising operational efficiency in Bitcoin mining, supported by a strong liquidity position. The company ...

Company Performance - Marathon Digital Holdings, Inc. (MARA) closed at $10.56, reflecting a +1.83% increase from the previous day, outperforming the S&P 500 which gained 1.16% [1] - Over the past month, shares of the company have increased by 5.17%, while the Finance sector experienced a loss of 0.5% and the S&P 500 declined by 0.42% [1] Earnings Expectations - The upcoming earnings release is expected to show an EPS of -$0.23, representing a 118.55% decline compared to the same quarter last year [2] - Revenue is forecasted to be $241.04 million, indicating a 12.43% growth year-over-year [2] - For the entire fiscal year, earnings are projected at -$0.23 per share and revenue at $944.89 million, reflecting a -113.37% change in earnings and no change in revenue compared to the prior year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Marathon Digital Holdings, Inc. are crucial as they reflect short-term business dynamics, with positive revisions indicating optimism about the business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Marathon Digital Holdings, Inc. as a 4 (Sell) [6] - The Zacks Industry Rank for the Financial - Miscellaneous Services industry is 100, placing it in the top 41% of all industries, suggesting that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [7]

We recently published 10 Stocks Investors Are Dumping. MARA Holdings Inc. (NASDAQ:MARA) was one of the worst performers on Tuesday. MARA Holdings Inc. (NASDAQ:MARA) fell by 8.71 percent on Tuesday to finish at $10.37 apiece as investors disposed of shares to mitigate risks from the ongoing geopolitical tensions between the US and Europe, having announced a tit-for-tat tariff in relation to their opposing views on the acquisition of Greenland. MARA Holdings Inc. (NASDAQ:MARA) mirrored the broader market p ...

智通财经获悉，受比特币价格回落影响，加密货币概念股周二集体承压。随着比特币跌破9万美元关 口，以太坊跌破3000美元关口，Strategy(MSTR.US)、SharpLink Gaming(SBET.US)以及MARA Holdings(MARA.US)等美股加密相关个股大幅下挫，跌幅明显超过大盘。 根据加密价格聚合平台CoinGecko的数据，截至发稿，比特币最低一度触及89,281美元，随后未能重新 回到9万美元关口。与此同时，市场波动加剧推动交易活跃度上升，区块链数据平台CoinGlass显示，比 特币24小时成交量增长14%，至686亿美元。 值得注意的是，周一美国大多数金融机构因马丁·路德·金纪念日休市，包括纽约证券交易所和纳斯达 克。尽管加密货币市场全年无休，随着机构投资者参与度提高，其交易节奏在节假日期间往往更接近传 统金融市场，流动性相对偏弱，也放大了价格波动。 除技术与流动性因素外，市场还在消化最新的地缘政治不确定性特朗普近期再度发出强硬表态，称 将"100%"推进对反对其控制格陵兰计划的欧洲国家加征关税。加密交易所Bitfinex的分析师向媒体表 示，尽管"格陵兰关税"提议的即时市场反应 ...

智通财经APP获悉，受比特币价格回落影响，加密货币概念股周二集体承压。随着比特币跌破9万美元 关口，以太坊跌破3000美元关口，Strategy(MSTR.US)、SharpLink Gaming(SBET.US)以及MARA Holdings(MARA.US)等美股加密相关个股大幅下挫，跌幅明显超过大盘。 根据加密价格聚合平台CoinGecko的数据，截至发稿，比特币最低一度触及89,281美元，随后未能重新 回到9万美元关口。与此同时，市场波动加剧推动交易活跃度上升，区块链数据平台CoinGlass显示，比 特币24小时成交量增长14%，至686亿美元。 值得注意的是，周一美国大多数金融机构因马丁·路德·金纪念日休市，包括纽约证券交易所和纳斯达 克。尽管加密货币市场全年无休，随着机构投资者参与度提高，其交易节奏在节假日期间往往更接近传 统金融市场，流动性相对偏弱，也放大了价格波动。 与此同时，比特币矿企MARA Holdings股价下跌8.71%至10.37美元。该公司去年底已与中游能源基础设 施公司MPLX签署意向书，为其德克萨斯州西部数据中心园区供应天然气并建设新设施。 市场人士指出，比特币价格回落往 ...

Market Overview - Bitcoin mining stocks opened lower as Bitcoin's price retreated to a critical support level, trading at $90,489, down 2.28% over 24 hours, which negatively impacted mining stock valuations [1] - Major operators like MARA and Riot erased recent gains, reflecting a broader decline in cryptocurrency markets [1] Stock Performance - MARA led the losses, with shares falling 6.87% to $10.58, while Riot dropped 5.09% to $18.26 [2] - Other miners also experienced significant declines: IREN down 4.88% to $55.00, CleanSpark down 4.79% to $12.73, and Applied Digital down 6.36% to $35.02 [2] - Additional industry players recorded similar losses: Cipher down 4.79% to $17.90, Core Scientific down 4.16% to $18.11, TeraWulf down 3.10% to $13.42, and Hut 8 down 5.22% to $56.54 [3] Strategic Shifts - Bitcoin miners are increasingly attempting to decouple their stock performance from Bitcoin prices by pivoting towards high-performance computing (HPC) and AI [4] - Companies like Cipher, TeraWulf, IREN, Galaxy, and Hut 8 have signed major deals with hyperscalers or AI tech firms to support this shift [4] Recent Developments - Riot recently secured its first HPC/AI deal, acquiring its Rockdale site and entering a $311 million lease agreement with AMD, with potential contract extensions valued at approximately $1 billion [5] - CleanSpark's infrastructure advantages were noted by analysts, highlighting the value of its power assets for AI applications due to their proximity to major metropolitan areas [6] - HIVE announced plans to diversify its revenue and expand its power capacity with a 100-megawatt expansion in Paraguay, expected to be completed by 2026 [6]

Group 1 - Bitcoin-related stocks experienced a widespread decline before the US stock market opened on Tuesday, with Bitcoin dropping below the $91,000 mark, reaching a low of $90,679 [1] - Strategy (MSTR.US) fell over 5%, while Coinbase (COIN.US) and Circle (CRCL.US) both dropped more than 4%, and Mara Holdings (MARA.US) decreased by over 4.7%, with IREN Ltd (IREN.US) declining more than 6% [1]

Core Insights - MARA Holdings, Inc. (MARA) stock has increased by over 7% in the past month, while the industry has seen a decline of 2% [2][9] - The company's third-quarter performance indicates a shift beyond Bitcoin mining, with the introduction of AI inference infrastructure and enhanced energy partnerships [2][3] Diversification and Growth Strategy - MARA is transitioning from traditional cryptocurrency mining to a more integrated digital infrastructure that supports both blockchain and AI computing workloads [3] - The installation of the first AI inference racks at the Granbury site demonstrates the company's readiness to support operations for both Bitcoin and AI inference [3] - MARA is expanding its energy control footprint through partnerships in West Texas, aiming for 50% of total revenues from international markets by 2028, which enhances geographic diversification [4] Future Outlook - The company plans to integrate energy generation, blockchain validation, and AI processing into a single operational ecosystem, focusing on cost-efficient, high-capacity energy infrastructure [5] - Innovations in data center design, such as direct-to-chip cooling, are being emphasized to improve scalability and reduce long-term maintenance costs, positioning MARA to leverage its energy expertise in high-performance computing applications [6]