MARA shares slide 3.4% after Q1 revenue fell 18% and net loss hit $1.3B

Bitcoin miner MARA reported Q1 revenue of $176 million, down 18%, alongside a $1.3 billion net loss, and its shares fell 3.4% on May 11 to close at $12.93 before a pre-market bounce. The company sold 20,880 BTC in Q1 at an average of $70,137 (about $1.5 billion), using $1.1 billion of proceeds to pay down debt and support an AI infrastructure shift.