New York, June 11, 2026, 13:52 (EDT)
- MARA was changing hands around $13.27 on Thursday afternoon, gaining roughly 5.2% from the last close, with more than 21 million shares traded.
- Bitcoin hovered around $63,375, so the bitcoin miner’s shares stayed linked to digital-asset sentiment.
- Investors are looking at MARA’s wider Q1 loss, bitcoin sales, and its move into AI and high-performance computing, as the shares rebound.
MARA Holdings, Inc. stock bounced Thursday along with bitcoin and steadier U.S. equities. Shares of the Nasdaq-listed miner traded at $13.27, up $0.65, at 13:52 EDT. The session range so far: $12.51 to $13.285. This follows a steep drop in the previous session.
The move was stronger than the broader market. Wall Street’s main indexes traded higher Thursday, with the Dow up 0.54%, S&P 500 up 0.26%, and Nasdaq Composite up 0.41% at 11:53 a.m. ET as tech stocks steadied after a selloff, according to Reuters.
Bitcoin bounced, which was important for MARA. The token changed hands at $63,375 after hitting a session low of $61,089 and topping out at $63,661, current market data show. That’s a big deal for MARA. Its latest quarterly filing shows bitcoin mining brought in $172.2 million of its $174.6 million total Q1 revenue.
MARA shares bounced after a soft finish Wednesday. Yahoo Finance listed the stock at $12.62 at the June 10 close, down 5.18%. MarketWatch’s premarket quote early Thursday pointed to shares opening higher.
MARA’s digital infrastructure plans stayed in focus. The company’s investor calendar still showed it set for the Macquarie AI Infrastructure Conference on June 10, its 2026 annual meeting on June 18, and the Citizens Digital Infrastructure Forum on June 25.
Investors are again focused on the company’s numbers after MARA put out Q1 results. Revenue for the quarter came in at $174.6 million, down from $213.9 million last year. Net loss grew to $1.26 billion from $533.4 million. Loss per share for common stockholders was $3.31, up from $1.55.
MARA reported Q1 bitcoin production of 2,247, a 2% drop from last year, as more mining competition and tougher network conditions blunted the impact of its larger fleet. The company said it had around 495,000 rigs running worldwide and powered hashrate at roughly 72.2 EH/s at March 31.
MARA’s balance sheet is still tied to bitcoin. On March 31, it held 35,303 bitcoin worth about $2.4 billion, including 9,995 in its digital asset management segment. MARA sold around 20,880 bitcoin in Q1 for $1.5 billion. The company said it used some of that money for debt buys and to keep up liquidity.
MARA is making a bigger strategic push past just bitcoin mining, moving into data center infrastructure tied to its own power sources. Back in April, Reuters said MARA will buy Long Ridge Energy & Power for $1.5 billion with debt, picking up a 505-megawatt natural gas plant in Ohio and more than 1,600 acres where MARA wants to build a data center hub.
MARA CEO Fred Thiel told Reuters the Long Ridge assets “has all the key components for us, for the ideal data center campus.” The deal should close later in 2026, pending regulatory sign-off from the Federal Energy Regulatory Commission. Reuters
MARA is still caught between its short-term moves with bitcoin and its pitch as an energy and digital infrastructure company. The shares bounced Thursday as traders took on more risk, but the Q1 loss, the way it handles bitcoin, and how it delivers on Long Ridge are still key for investors setting the price.
