MARA: AI expansion becomes the focus of Q1 earnings report, expected to lose $184 million

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CryptoWorld News reports that MARA Holdings (MARA) is scheduled to release its first-quarter earnings after the market closes on May 11th, with expected revenue of $184.21 million and a per-share loss (EPS), reflecting the sharp decline in Bitcoin prices during the first quarter, with BTC dropping from approximately $87,000 to $67,000, resulting in significant market value loss. Investors will focus on the company’s strategic shift toward artificial intelligence and high-performance computing infrastructure. MARA has reached a $1.5 billion deal with FTAI Infrastructure to acquire Long Ridge Energy, which is expected to enhance its long-term power generation capacity and cash flow, reducing reliance on Bitcoin mining operations. In the first quarter, MARA sold 15,133 BTC valued at about $1.1 billion, using the proceeds to repurchase $1 billion of convertible bonds, boosting liquidity and continuing to fund AI expansion strategies.

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