Bitcoin's recent surge over $100,000 has positively impacted miner stock prices, particularly for firms like MARA and CleanSpark. Both companies reported revenue growth in Q1 2025, with MARA's revenue up 30% and CleanSpark's up 63%.
However, despite the rising revenues, both firms also reported significant net losses. MARA announced a $2 billion stock issuance to increase its Bitcoin holdings, reflecting a strategic long-term growth plan.
Market reactions were mixed as CleanSpark's shares fell 5% post-earnings. Ultimately, both companies aim to capitalize on Bitcoin's price surge and improve operational efficiency.
Full story here: https://coincu.com/336488-mara-cleanspark-q1-2025-earnings
