MARA Holdings (MARA) and CleanSpark (CLSK) reported significant losses on August 6, extending a slump across public Bitcoin miners. The two companies posted combined losses of $851 million, directly linked to declining Bitcoin prices that triggered substantial non-cash write-downs. MARA and CleanSpark are now betting on pivoting toward artificial intelligence and data center infrastructure to offset this downward trend, joining rivals TeraWulf, Core Scientific, and Cipher in wagering that compute capacity can compensate.
Source: Read the original article
