MARA and Block jump double digits in pre-market trading while CoreWeave sinks

Mixed fourth quarter results highlight divergence between AI expansion plays and margin pressure.

Make us preferred on Google

What to know:

• MARA climbed 16% in pre-market trading after announcing a Starwood partnership to expand into AI data centers.
• Block surged 20% ahead of the open, announcing it will cut more than 40% of its workforce.
• CoreWeave dropped about 12% after posting a wider than expected quarterly loss and issuing softer Q1 revenue guidance, with sharply higher capex plans.

Earnings season is wrapping up with a mixed bag of results across crypto miners, AI infrastructure plays and fintech names, including MARA Holdings (MARA), TerraWulf (WULF), CoreWeave (CRWV) and Block (XYZ).

Bitcoin BTC$67,963.04 has remained relatively flat around $67,000 during Asia and European hours, with limited movement spilling over into other crypto related equities.

MARA Holdings jumped 16% to $9.80 after striking a deal with Starwood Capital to convert select bitcoin mining facilities into AI focused data centers. The partners expect to deliver about 1 gigawatt of capacity in the near term, with plans to scale beyond 2.5 gigawatts.

The pivot reflects a broader shift among miners looking to monetize power access as AI compute demand surges, following Bitfarms (BITF) and Cipher Digital (CIFR) amongst others.

TerraWulf is trading 3.5% lower at $17 after its Q4 print, with revenue down due to lower bitcoin production and transitional GAAP optics.

However, executives emphasized that the key story is the ramp in contracted high performance computing revenue. The company has expanded from one site a year ago to five today and expects about 2.9 gigawatts of gross capacity by year end, according to head of digital assets VanEck, Matthew Sigel.

CoreWeave shares are down 12% despite revenue of $1.57 billion, beating expectations of $1.53 billion. The company reported weaker than forecasted Q1 revenue guidance, in addition to an increase in capital expenditure, which raised concerns about profitability and cash burn. EPS came in at -$0.89 versus -$0.68 expected, a 31% miss.

Block is up 20% after announcing it will cut more than 40% of its workforce, reducing headcount to about 6,000. While management pointed to AI driven efficiencies, investors are also weighing longer term margin pressure from stablecoin based payment rails.

The company guided Q1 operating income to $600M versus $574M expected, forecast Q1 gross profit of $2.8B versus $2.72B consensus and raised full year gross profit, according to Sigel.

More For You

Germany's AllUnity issues regulated stablecoin tied to safe haven Swiss franc

The debut comes as major banks and analysts predict major appreciation in the Swiss currency.

What to know:

• AllUnity has launched CHFAU, a Swiss franc–pegged stablecoin on Ethereum, fully backed 1:1 by CHF reserves and aimed at institutional payments, settlements and treasury use.
• The new token, regulated under Germany’s BaFin as e‑money, reflects rising demand for compliant non-dollar stablecoins and follows AllUnity’s earlier euro-pegged offering .
• Investor interest in CHF-linked assets is growing as major banks including Morgan Stanley, Goldman Sachs and Bank of America increasingly favor the Swiss franc as a safe-haven currency over the Japanese yen.

Germany's AllUnity issues regulated stablecoin tied to safe haven Swiss franc

42 minutes ago

U.S. spot bitcoin ETFs set for biggest week in 6 after adding $1.1 billion in three days

56 minutes ago

Bitcoin ETF holders and treasury firms stack protection against price crash below $60,000, Deribit says

4 hours ago

Polymarket bettors appear to have insider-traded on a market designed to catch insider traders

5 hours ago

Bitcoin slides Friday as risk-off mood persists, but majors hold weekly gains

5 hours ago

Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics

6 hours ago

U.S. regulator's GENIUS pitch casts dark cloud over crypto sector's stablecoin model

13 hours ago

Here is why Ethereum's bold new plan could make the blockchain giant high-speed 'internet of value' by 2029

14 hours ago

Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio

14 hours ago

Here is why the wild accusations of Jane Street rigging bitcoin price may not be true

Feb 26, 2026

In this article

BTCBTC$67,963.04◢0.95%