S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
MARA Holdings, Inc. (NASDAQ:MARA), a cryptocurrency mining company with a market capitalization of $5.7 billion and notably volatile stock performance, saw its Chief Financial Officer Salman Khan recently sell shares of the company’s common stock, according to a recent SEC filing. On May 16, Khan sold 16,700 shares at a price of $15.68 per share, totaling $261,856. This transaction was executed under a prearranged Rule 10b5-1 trading plan, which Khan adopted on November 21, 2024. The sale comes as MARA’s stock trades near $16.19, showing strong monthly returns despite the company’s challenging cash flow position.
Additionally, 65,328 shares were withheld to cover tax liabilities related to the vesting of restricted stock units, valued at $13.37 per share. This withholding was not an open market sale. Following these transactions, Khan holds 1,598,943 shares directly and 309,925 shares indirectly through the S & N Khan Family Trust, where he and his spouse are trustees.
In other recent news, Marathon Digital Holdings Inc. reported its Q1 2025 earnings, revealing a significant shortfall in both earnings per share and revenue compared to analysts’ expectations. The company posted an EPS of -$1.55, starkly missing the forecasted $0.10, while revenue reached $213.9 million, falling short of the anticipated $223.77 million. Despite this, Marathon Digital’s revenue marked a 30% increase year-over-year. The company also reported a substantial net loss of $533.4 million, highlighting ongoing challenges in managing operational costs. Furthermore, Marathon Digital is actively expanding its energy infrastructure, including a 200 MW data center in Ohio, as part of its strategic growth initiatives. Analysts from Jones Trading discussed Marathon’s off-grid expansion strategy, which involves partnerships with governments and energy companies to optimize energy costs. The company maintains a full HODL strategy for its Bitcoin holdings, indicating confidence in future Bitcoin valuations. These recent developments underscore Marathon Digital’s efforts to navigate financial challenges while positioning itself for long-term growth.
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