Key Takeaways MARA shares fell 6% after a wider-than-expected quarterly loss despite strong revenue growth.The company is shifting from crypto mining to integrated blockchain and AI infrastructure operations.High capital needs and a lofty EV/EBITDA ratio support a cautious near-term outlook.Investors were watching MARA Holdings, Inc. (MARA) following its third-quarter 2025 earnings release, expecting the results to shape its next price move. A larger-than-expected loss caused shares to decline by roughly 6% ...