MARA Holdings, formerly Marathon Digital, reported a net loss in Q3 and fell 9.1% in after-hours trading following a revenue miss. Despite mining more Bitcoin and increasing its hashrate by 17%, the company disclosed a $0.34 per share loss, slightly better than analysts' expectations, while its revenue rose 34.5% year-over-year to $131.6 million, falling short of the $148.1 million forecast. Operational expenses surged by $40 million, contributing to a total of $124.8 million in Q3 costs. On November 12, MARA's shares fell to $22.94 after closing at $25.23, a drop following a 30% increase the day prior. The firm reported a 45% increase in Bitcoin holdings, totaling 26,747 BTC worth $2.36 billion, adhering to a new policy to retain all BTC. Additionally, it revealed plans for new data centers to enhance capacity, with revenue generation expected to begin within 12-18 months.

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