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Mara Holdings Post-Election Rally Slowed By Wider Than Expected Q3 Loss
MARAMarathon(MARA) Investopedia·2024-11-13 15:55

Key TakeawaysMara 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 50millionlargerthananalystshadexpected.SharesfellinearlytradingWednesday,reversingthestock′spost−electionrally.MaraHoldings(MARA)stock′spost−electionrallyslowedWednesdayaftertheBitcoin(BTCUSD)miningcompany′sthird−quarterresultsmissedestimates.Thecompanyreported50 million larger than analysts had expected.Shares fell in early trading Wednesday, reversing the stock's post-election rally. Mara Holdings (MARA) stock's post-election rally slowed Wednesday after the Bitcoin (BTCUSD) mining company's third-quarter results missed estimates. The company reported 131.6 million in ...