Shares in MARA Holdings fell after the bell on Monday as the Bitcoin miner’s first-quarter losses deepened from a year ago and its revenues missed analyst estimates.
MARA’s earnings released on Monday reported its revenues for the quarter ending March 31 dropped 18% year-on-year to to $174.6 million, missing Wall Street expectations of $192.7 million.
The company reported a loss of $1.3 billion for the quarter, widening from its $533.4 million loss from the year-ago quarter. Its earnings per share were a loss of $3.31, compared to estimates of a loss of $2.20.
Shares in MARA Holdings (MARA) fell 3.44% in after-hours trading on Monday to $12.93, erasing gains over the trading day, which ended at a gain of 3.48% to $13.39.
MARA Holdings erased gains after the bell on Monday after the…
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Source cointelegraph.com
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