AAPL

TSLA

AMZN

META

AMD

NVDA

PEP

COST

ADBE

GOOG

AMGN

HON

INTC

INTU

NFLX

ADP

SBUX

MRNA

Markets

MARA

Why Mara Holdings Stock Slumped by 5% Today

May 12, 2026 — 08:20 pm EDT

Written by

Eric Volkman for

The Motley Fool->

Key Points

- Unhappily, this occurred on a day when many investors were bearish on cryptos generally.

- The market's negative reaction might just make the shares an appealing bargain, however.

- 10 stocks we like better than Mara Holdings ›

Mara Holdings (NASDAQ: MARA), one of a clutch of cryptocurrency mining businesses pushing deeper into data center operations, picked the wrong Tuesday to release its first-quarter earnings. The company missed on both the top and bottom lines, which was compounded by declines in leading coins and tokens.

Crypto crush

Those results were made public after market close on Monday. They revealed that Mara Holdings suffered a 18% year-over-year decline in revenue to $174.6 million.

Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »

Its net loss under generally accepted accounting principles (GAAP) deepened considerably -- thanks to a significant non-cash write-down of its digital assets -- to $1.3 billion ($3.31 per share), compared with the first quarter 2025's $533 million shortfall.

Image source: Getty Images.

The bottom-line result was particularly problematic, as it was much deeper in the red than the consensus analyst estimate of only $1.41 per share. But Mara Holdings missed on the top line, too, falling short of the average pundit projection of nearly $182 million.

Although Mara Holdings is assertive in building out its data center business (and has inarguably demonstrated progress), it remains largely a Bitcoin mining business. That's a reason why the company's 26% decrease in Bitcoin holdings wasn't met with great investor enthusiasm. On top of that, the holdings it does possess took a hit on Tuesday, as the popular coin's price slumped.

A new bargain play?

I wouldn't give up on Mara Holdings, though, as I think it's further along than some peers with its diversification efforts. For those who believe companies like this can transform into successful data center players, Mara Holdings might be an attractive post-earnings bargain buy now.

Should you buy stock in Mara Holdings right now?

Before you buy stock in Mara Holdings, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Mara Holdings wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $460,826!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,345,285!*

Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

See the 10 stocks »

*Stock Advisor returns as of May 12, 2026.

Eric Volkman has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.