Markets
What to know:
- MARA climbed 16% in pre-market trading after announcing a Starwood partnership to expand into AI data centers. Because, why just mine bitcoin when you can mine intelligence too?
- Block surged 20% ahead of the open, announcing it will cut more than 40% of its workforce. Because nothing says ‘we’re doing great’ like cutting staff and reducing costs, right?
- CoreWeave dropped about 12% after posting a wider than expected quarterly loss and issuing softer Q1 revenue guidance, with sharply higher capex plans. Oops, someone’s been spending too much on ‘plans’ again.
Earnings season is wrapping up, and it’s a bit of a rollercoaster across crypto miners, AI infrastructure plays, and fintech companies-yes, we’re talking about you, MARA Holdings (MARA), TerraWulf (WULF), CoreWeave (CRWV), and Block (XYZ). It’s like a stock market soap opera!
Bitcoin has been chilling around $67,000, showing no signs of drama during Asia and European hours. Even the crypto stocks seem to be lounging about, not sure whether to go up or down.
MARA Holdings skyrocketed 16% to $9.80 after striking a deal with Starwood Capital to turn their bitcoin mining sites into AI-focused data centers. That’s right, folks-bitcoin miners are officially moonlighting as AI magicians. Expect 1 gigawatt of power soon, with plans to scale to a colossal 2.5 gigawatts. Because, why stop at bitcoin when you can also have the power of supercomputers?
This is part of a bigger trend-miners are all about capitalizing on power access, thanks to the booming demand for AI computing. After all, who needs just a shiny coin when you can have an army of robots running the show?
Meanwhile, TerraWulf is sinking 3.5% to $17 after its Q4 report, with revenue slipping due to lower bitcoin production. Still, the company is talking big about its high-performance computing revenue. They’ve expanded from one site to five, so here’s hoping those gigawatts actually translate into dollars. They’re aiming for 2.9 gigawatts by the end of the year-maybe they should put that on a billboard?
CoreWeave isn’t having the best of times, down 12% despite reporting $1.57 billion in revenue (which is technically a beat). But-hold on to your hats-there’s a giant red flag: their Q1 revenue guidance is underwhelming, and their capital expenditure is going through the roof. Great, more expenses and less profit. Keep an eye on that cash burn, folks, it’s getting toasty in here.
Block is looking pretty fab, though, up 20% after announcing it will lay off more than 40% of its staff. Talk about efficiency-because what better way to say ‘we’re doing great’ than slashing payroll and expecting people to thank you for it? Anyway, they’re forecasting Q1 operating income of $600M-talk about a surprise turn of events. Let’s hope they don’t keep cutting more people, though, or they might need to pay someone to run things.
Read More
- Gold Rate Forecast
- USD COP PREDICTION
- Silver Rate Forecast
- Brent Oil Forecast
- USD CAD PREDICTION
- USD CNY PREDICTION
- Privacy Coin Frenzy: Zcash’s $741 Surge Stirs the Crypto World
- SEC’s Crypto Carnival: Bitwise ETF Joins XRP Frenzy 🎢💰
- BNSOL PREDICTION. BNSOL cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
2026-02-27 13:55