MARA and CleanSpark Stocks Slide as Bitcoin Losses Sink Quarterly Results

MARA Holdings (MARA) and CleanSpark, Inc. (CLSK) shares fell in after-hours buying and selling after the 2 Bitcoin (BTC) miners launched their newest quarterly outcomes.

Both corporations recorded a drop in income and wider internet losses for the interval, tied to their Bitcoin holdings.

Bitcoin Price Slide Hammers Miner Treasuries

According to Google Finance knowledge, MARA closed at $13.39 on May 11, up 3.48% on the day, earlier than dropping 3.44% in after-hours buying and selling. CLSK posted a fair steeper after-hours decline of 9.09%, after closing the regular session at $14.3, up 0.7%.

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MARA reported a internet lack of $1.3 billion, or $3.31 per diluted share, in contrast with a $533.4 million loss a 12 months earlier. The quarterly outcomes have been impacted by a $1 billion loss tied to modifications within the honest worth of its digital asset holdings.

In addition, MARA famous that income fell 18% 12 months over 12 months to $174.6 million. The miner produced 2,247 Bitcoin at a mean value of $76,288 and offered 20,880 BTC at a mean worth of $70,137, ending the quarter with 35,303 BTC, value about $2.4 billion.

“We superior the Starwood strategic partnership from announcement to execution, closed our acquisition of a majority curiosity in Exaion, retired roughly 30% of our excellent convertible debt, realigned the group, and, after quarter finish, introduced a definitive settlement to amass Long Ridge Energy & Power (“Long Ridge”) from FTAI Infrastructure Inc,” the shareholder letter read.

Meanwhile, CleanSpark recorded a internet lack of $378.3 million for its fiscal second quarter ended March 31, 2026. This marked a 173% improve from $138.8 million a 12 months earlier. 

The firm said $224.1 million of the quarterly loss stemmed from declines within the honest worth of its Bitcoin holdings, which have been valued at $925.2 million on the finish of the quarter.

The firm’s income fell 24.9% 12 months over 12 months to $136.4 million, down from $181.7 million in the identical quarter final 12 months.

Despite weaker monetary outcomes, CleanSpark elevated its Bitcoin holdings by 14% and boosted its common month-to-month hashrate by 18% 12 months over 12 months.

The outcomes lengthen a broader pattern across the sector. Hut 8 (HUT), Core Scientific (CORZ), American Bitcoin (ABTC), Cipher Digital (CIFR), and Riot Platforms (RIOT) all reported quarterly losses earlier this month.

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The publish MARA and CleanSpark Stocks Slide as Bitcoin Losses Sink Quarterly Results appeared first on BeInCrypto.