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The Nexus
BUSINESSMay 11 · 21:14 UTCTHE BLOCKKyle Baird

MARA Q1 revenue drops 18%, says bitcoin mining remains ‘operational foundation’

MARA Holdings' Q1 revenue dropped by 18%, with bitcoin mining remaining a core part of their operations. The company sold $1.5 billion worth of bitcoin to reduce debt and increase liquidity. This move suggests MARA is adapting its strategy amidst financial challenges.

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