Marathon's Earnings: Bitcoin Mining Remains a Core Business Amid AI Infrastructure Development

MARA Holdings, a leading U.S. cryptocurrency mining firm, reported on the 11th that its revenue for the January to March period was $174.6 million, down 18% from the same period last year. The net loss widened to $1.3 billion, primarily due to an unrealized loss of $1 billion in Bitcoin held on the balance sheet. During the first quarter, Marathon focused on debt repayment...