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MARA, CleanSpark Stocks Slide After Bitcoin Losses Hit Quarterly Results
MARA and CleanSpark shares fell in after-hours trading after both Bitcoin miners reported wider quarterly net losses, including a $1.3 billion loss at MARA and a $378.3 million loss at CleanSpark. MARA said a $1 billion fair-value loss on digital assets hurt results, while CleanSpark said declines in the fair value of its Bitcoin holdings accounted for $224.1 million of its quarterly loss.