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Mara Holdings (MARA) shares pop after the digital asset tech company reported record-high revenue driven by the crypto rally following US President Donald Trump's reelection.
Julie Hyman and Josh Lipton analyze the results on Market Domination.
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This post was written by Naomi Buchanan.
Mara Holdings, our next trending ticker, the company formerly known as Marathon Digital, getting a boost today after the crypto mining company reported record high revenues and net income for the fourth quarter and the full year. The company also revealed it is it reduced its energy cost significantly by deploying its first owned power generating assets and it said it was exploring opportunities in artificial intelligence. Who among us is not doing that? Total revenue for the fourth quarter, that beat came in around 214.4 million. Uh Needham has a hold on this one. They say potential revenue diversification positively as the Bitcoin backdrop is becoming more uncertain. This it's been rough though. Look at this chart. It's down now about 55% over the past 12 months.
Well, they trade a lot with Bitcoin and they um are among the companies that have Bitcoin on the balance sheet. So that's something to consider.
So you're saying it can get volatile as well.
