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MARA Stock Defies Earnings Miss with 15% Rally—Wall Street Cheers ’Brutal Efficiency’ in Bitcoin Mining Operations
MARA Stock Defies Earnings Miss with 15% Rally—Wall Street Cheers ’Brutal Efficiency’ in Bitcoin Mining Operations
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Marathon Digital’s shares surge despite Q1 revenue shortfall as analysts highlight slashed mining costs per BTC—now 23% below industry average. The market rewards austerity over growth in this crypto winter.
CEO Fred Thiel’s ’ruthless’ infrastructure cuts—including shuttering high-cost Montana facilities—prove prescient as hash price languishes. ’They’re mining survival,’ quips one fund manager.
While rivals bleed, MARA’s operational pivot demonstrates crypto’s new imperative: stack sats cheaper than the next guy. Just don’t ask about their energy sourcing disclosures.
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