Bitcoin mining company MARA Holdings Inc, previously known as Marathon Digital, experienced a 9.1% decline in after-hours trading due to lower-than-expected third-quarter earnings. Despite a 34.5% revenue increase to $131.6 million, MARA reported a $0.34 per share loss, falling short of the $148.1 million revenue estimate. The company attributed its $124.8 million net loss in Q3 to a $40 million rise in operational expenses. MARA's stock price dropped to $22.94 after hours following a 0.88% increase to $25.23 during the day. This decline came after a 30% surge on Nov. 11 as Bitcoin prices rose. MARA also revealed an increase in Bitcoin production and holdings, with plans to purchase more BTC during market downturns. The company, known for its Ohio facility expansion, remains the largest public Bitcoin miner with a market cap of $7.43 billion. Read more AI-generated news on: https://app.chaingpt.org/news

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