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MARA jumps 11% on $500M buyback; Riot up 2% on upgrade despite Bitcoin drop

Market News
10 Nov 2026, 18:04 WIB
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Bullish
MARA jumps 11% on $500M buyback; Riot up 2% on upgrade despite Bitcoin drop

MARA Holdings surged 11% after announcing a $500 million share buyback and reporting Q3 earnings with a $1.28 EPS driven by Bitcoin gains, despite lower revenue. Riot Platforms rose 2% following an analyst upgrade, benefiting from a lucrative AI data center lease deal. Bitcoin's price fell 2% amid expectations of a Fed rate hike, impacting miner stocks. MARA aims to secure two data center leases by year-end, which will be crucial for its transition from mining to AI infrastructure. Investors are watching these developments closely as the sector adapts to shifting market conditions.

As of Nov 10, 2026 23:21 WIB, Riot Platforms trades at USD 17.84 with a 1-day gain of 1.02% on Pluang, reflecting continued investor interest after its analyst upgrade. Core Scientific also edges higher, priced at USD 12.83 with a 0.86% increase, despite heavy sell activity on the platform. Notably, Riot's market cap stands at $6.62 billion, underscoring its significant presence in the sector.

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