MARA Holdings, Inc. ( MARA ) and CleanSpark, Inc. ( CLSK ) shares are trading volatile on Friday amid worse-than-expected financial results on Thursday after the market closed.

What To Know: MARA reported a loss of $1.55 per share, missing the consensus estimate of a 4 cent-gain. In addition, it reported sales of $213.88 million, missing the consensus estimate of $221.64 million.

Furthermore, the company reported it mined 2,286 Bitcoin (CRYPTO: BTC) and purchased 340 Bitcoin. Additionally, the company’s energized hashrate (EH/s) increased 95% year-over-year.

CleanSpark ( CLSK ) reported a loss of 49 cents per share, missing the consensus estimate of an 8 cent-loss. The company also reported sales of $181.71 million, missing the consensus estimate of $190.95 million.

The company ended the quarter with $97 million in cash and $979.6 million in Bitcoin holdings. Its total mining assets were valued at $899.6 million.

“This was a quarter defined by discipline, scale, and continued strategic clarity,” said Zach Bradford, CleanSpark’s CEO.

“As other players shift direction or decelerate growth, CleanSpark ( CLSK ) has doubled down on being the only remaining pure-play, public bitcoin miner. We believe that focus matters now more than ever, and we remain on track to reach our 50 EH/s target during June, all while growing our bitcoin treasury, strengthening the balance sheet, and prioritizing long-term stockholder value.”

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Price Action: At the time of publication, MARA shares are trading 2.43% higher at $14.66 and CleanSpark ( CLSK ) stock is trading 0.59% lower at $8.63, per data from Benzinga Pro.

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