MARA stock falls 5% after Bitcoin sale and weak Q1 earnings report.

MARA Holdings' stock dropped nearly 5% after reporting a net loss of $1.26 billion in Q1 2026, more than double the previous year, and an 18% revenue decline to $175 million due to weaker Bitcoin prices. The company sold 20,880 BTC worth about $1.5 billion to restructure its balance sheet and reduce convertible debt by $1 billion. Despite financial setbacks, MARA is expanding its infrastructure by acquiring a gas power plant and shifting focus towards AI and high-performance computing, while cutting costs and workforce by 15%. The company still holds 35,303 BTC valued at $2.84 billion, maintaining a significant position in Bitcoin holdings.