MARA adds $98.6M in Bitcoin
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MARA Holdings has bought 1,292 Bitcoin (CRYPTO:BTC) worth about $98.64 million through FalconX.
MARA Holdings has bought 1,292 Bitcoin (CRYPTO:BTC) worth about $98.64 million through FalconX.
MARA Holdings shares climbed about 15% after the company announced plans to acquire a Texas site with access to up to 2 gigawatts of electricity.
MARA continues to shift its focus from Bitcoin mining to the unprecedented energy demand needed to fuel AI. MARA CEO Fred Thiel discusses the company's big pivot on "Bloomberg Open Interest."
MARA Holdings shares fell after the Bitcoin miner disclosed a $1.26 billion first-quarter net loss and confirmed it sold nearly $1.5 billion worth of Bitcoin during the period.
