MARA swings to $1.7B Q4 loss on Bitcoin markdown — shares jump 15% after Starwood AI deal

Marathon Digital Holdings (NASDAQ: MARA) reported a staggering $1.7 billion net loss in Q4, largely driven by a Bitcoin fair value markdown as BTC prices corrected during the quarter.

Key highlights:

• $1.5B+ unrealized loss tied to Bitcoin holdings
• Revenue pressure amid BTC volatility
• 50K+ BTC still held on balance sheet

Yet the market looked past the headline loss.

Shares surged 15% after MARA announced a strategic AI infrastructure joint venture with Starwood Capital Group.

The plan?
Leverage existing energy assets to develop large-scale AI & high-performance computing (HPC) data centers, targeting up to gigawatt-scale capacity.

📌 Translation:
MARA is evolving from a pure-play Bitcoin miner into a diversified digital infrastructure operator.

This move signals a broader industry trend — miners seeking stable, recurring revenue streams beyond crypto volatility by tapping into the AI data center boom.

Short-term accounting loss.
Long-term strategic repositioning.

Markets clearly preferred the latter.

#Bitcoin #AI #MARA #DigitalInfrastructure #CryptoStocks #HPC