Publicly traded Bitcoin miners, like MARA Holdings, have faced challenges. MARA reported a staggering $533 million net loss for Q1 2025 despite a revenue jump of 30% to $214 million, as their Bitcoin holdings surged to 47,531 BTC. Their mining output fell by 19%, even with increased capacity. Meanwhile, Coinbase announced a $2.9 billion acquisition of the digital assets options exchange Deribit but missed revenue expectations with a total of $2 billion in Q1 revenue—a 10% decrease from the previous quarter. Coinbase’s net income dropped significantly by 94%. On a brighter note, Meta is reportedly exploring the idea of re-entering the stablecoin space, attempting to pay content creators on its platforms, indicating newfound interest in crypto solutions after previous regulatory hurdles with its failed stablecoin project, Diem.

Source 🔗