On November 11, MARA Holdings rose 5.86% in Regular Trading, trading at $7.59 with turnover of $26.6344 million.
The move followed the company’s latest third-quarter results and a newly announced share repurchase program, which together improved investor sentiment despite softer revenue.
MARA Holdings reported diluted EPS of $1.28, well above expectations for a loss, while revenue was $164.2 million, below consensus. Net income reached about $634 million, driven mainly by fair-value gains on digital assets. The company also authorized up to $500 million in stock buybacks and said it would continue selling bitcoin to raise cash for AI infrastructure investment, debt management and potential repurchases. At quarter-end, it held 34,012 bitcoin and $946.5 million in cash, reinforcing the market’s focus on balance-sheet flexibility and its AI transition narrative.
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