Bitcoin miner MARA Holdings (MARA) stock outperformed peers on Friday, even after its first quarter results missed Wall Street’s estimates, as the company’s focus on lowering costs is seen as positive by analysts.
Jefferies analysts said that with the bitcoin BTC$103,996.93 price improving in the second quarter of this year and MARA focusing on more sustainable energy sources such as solar and flared gas-driven data centers, power costs should come down in the coming quarters and help margins.
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