Why did MARA stock drop? — 2026-11-05

Research session: 2026-11-05. Published: 2026-11-05T21:35:49.282484+00:00.

Final report

MARA — MARA Holdings, Inc. - Common Stock

Session close: $5.88. Regular-session share volume: 39,519,205. Change from previous close: -14.48%.

Key developments

MARA Holdings received Federal Energy Regulatory Commission approval for its acquisition of Long Ridge Energy & Power from FTAI Infrastructure. The deal adds a combined-cycle natural gas plant and extensive land, boosting owned generation capacity sharply, and MARA said it strengthens its financial profile through contracted cash flows while supporting future compute demand without reducing PJM grid capacity.

Company news MARA Holdings, Inc. Receives FERC Approval for Long Ridge Energy Acquisition · Company news MARA Holdings (MARA) Secured Approval For Its $1.51 Billion Long Ridge Acquisition

The company is reshaping its operating model toward AI and high-performance computing data centers, funding the buildout with debt and a bitcoin-backed loan and moving bitcoin to institutional platforms as part of an evolving treasury approach.

Company news Learn Why The Bull Case For MARA Holdings (MARA) Could Change Following Power Plant Approval · Company news MARA Holdings (MARA) Secured Approval For Its $1.51 Billion Long Ridge Acquisition

Risks include declining revenue and digital asset values alongside the heavy spending commitment, and Bernstein cut its price target, citing tighter financing markets, Texas regulatory and operational uncertainty, and a lower valuation assigned to miners' AI colocation businesses.

Company news MARA Holdings (MARA) Commits Billions To AI Power, Is It 63% Below Fair Value? · Company news Bernstein Reduces Price Target for MARA Holdings, Inc.

News sources

Company news MARA Holdings, Inc. Receives FERC Approval for Long Ridge Energy Acquisition · Company news MARA Holdings Receives U.S. Federal Energy Regulatory Commission Approval For Proposed Acquisition Of Long Ridge Energy & Power From FTAI Infrastructure · Company news Learn Why The Bull Case For MARA Holdings (MARA) Could Change Following Power Plant Approval · Company news MARA Holdings (MARA) Secured Approval For Its $1.51 Billion Long Ridge Acquisition · Company news MARA Holdings (MARA) Commits Billions To AI Power, Is It 63% Below Fair Value? · Company news MARA Holdings (MARA) Stock Looks Above Fair Value After Its Pivot Plans · Company news Marathon Digital Holdings, Inc. (MARA) Stock Slides as Market Rises: Facts to Know Before You Trade · Company news Bernstein Reduces Price Target for MARA Holdings, Inc.

Full report for 2026-11-05