BlockBeats news, on February 27, according to The Block, MARA, a Bitcoin mining company, saw its stock rise over 16% in after-hours trading on Thursday following the announcement of a $1.7 billion net loss for the fourth quarter of 2025 and the establishment of a joint venture with Starwood Capital to build AI-focused data centers.
MARA's fourth-quarter revenue decreased 6% year-over-year to $202.3 million, compared to $214.4 million in the same period last year; the company reported a net loss of $1.7 billion for the quarter, compared to a net income of $528.3 million in the same period last year. This significant change was primarily due to a approximately 30% decline in Bitcoin prices during the quarter, resulting in a $1.5 billion negative fair value adjustment for digital assets; adjusted EBITDA totaled negative $1.49 billion, compared to positive $796 million in the same period last year.