{"id":128879,"date":"2025-05-09T04:20:40","date_gmt":"2025-05-09T04:20:40","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128879"},"modified":"2025-05-09T04:20:40","modified_gmt":"2025-05-09T04:20:40","slug":"bitcoin-at-103k-hurtles-mara-stack-toward-5b-holdings-triple","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128879","title":{"rendered":"Bitcoin at $103K hurtles MARA stack toward $5B, holdings triple"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin mining firm MARA Holdings (MARA) nearly tripled its Bitcoin holdings over 12 months, according to its newly released Q1 results.<br \/>\nHowever, its Bitcoin production fell, and total earnings slightly missed Wall Street estimates in Q1.<br \/>\nMARA, formerly Marathon Digital, saw its Bitcoin (BTC) holdings increase to 47,531 BTC, up 175% from the 17,320 BTC the firm was holding at the end of Q1 2024.<br \/>\nMARA holdings inch closer to $5B after Bitcoin pump<br \/>\nMARA holds the second-largest amount of Bitcoin among all publicly traded companies, according to CoinGecko data. Strategy (MSTR) holds the number one spot with 555,450 Bitcoin.<br \/>\nThe holdings represent a total value of approximately $4.9 billion, based on Bitcoin\u2019s current price of $102,660 at the time of publication, according to CoinMarketCap data. Over the past 24 hours, Bitcoin\u2019s price spiked 4.86%.<br \/>\nBitcoin is trading at $102,660 at the time of publication. Source: CoinMarketCapHowever, the amount of Bitcoin that MARA produced over the quarter fell 19% compared to the same quarter in 2024 to 2,286 Bitcoin.\u00a0<br \/>\nMARA attributed this to the last Bitcoin halving event, which reduced mining rewards to 3.125 BTC per block and tightened overall supply.<br \/>\nMARA fell short of analyst revenue expectations by 0.35%, according to Zacks Research. The analysts pointed out that MARA has only surpassed consensus revenue estimates once in the past four quarters.<br \/>\nMARA is trading at $14.20 at the time of publication. Source: Google FinanceDespite this, MARA\u2019s stock price jumped 7.2% during trading on May 8 but has since pulled back nearly 2% in after-hours trading, according to data from Google Finance.<br \/>\nBitcoin mining firms share same frustrations<br \/>\nBitcoin miner Riot Platforms echoed similar difficulties in their recent Q1 financial report.\u00a0<br \/>\nRiot said that the average cost to mine Bitcoin over the quarter was $43,808, almost 90% more than the $23,034 it cost to mine Bitcoin in the same period last year. However, Riot beat its $159.8 million revenue consensus estimate by 1%.<br \/>\nRelated: Bitcoin miner Hive taps Paraguay for low-cost energy partnership<br \/>\nSeveral other Bitcoin mining firms also fell short of Wall Street\u2019s revenue expectations.<br \/>\nBitcoin miner CleanSpark missed consensus estimates by 0.58%, reporting quarterly revenue of $181.71 million.<br \/>\nBitcoin miner Core Scientific also fell short of analyst expectations with total Q1 revenue reaching $79.5 million, missing Zacks analysts\u2019 estimates by 8.11% and falling from its $179.3 million revenue for Q1 2024.\u00a0<br \/>\nMeanwhile, Bitcoin miner Hut8 reported the widest miss among Bitcoin mining firms, falling 35% short of Wall Street expectations.<br \/>\nZacks Research had projected Hut8 to post first-quarter revenue of $35 million, but Hut8 came in significantly lower at just $21 million.<br \/>\nMagazine: ChatGPT a \u2018schizophrenia-seeking missile,\u2019 AI scientists prep for 50% deaths: AI Eye<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/mara-holdings-bitcoin-holdings-value-surge-price-btc-q1-results?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin mining firm MARA Holdings (MARA) nearly tripled its Bitcoin holdings over 12 months, according to its newly released Q1 results. However, its Bitcoin production fell, and total&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128879"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128879"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128879\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128879"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}