Marathon Digital Holdings reported its Q1 2025 earnings with revenue of $213.9 million, representing a 30% increase year-over-year, but missed the estimated $217 million. The company posted a GAAP net loss of $533 million, driven by a $510 million markdown in digital assets, resulting in an EPS of negative $1.55 versus an estimate of negative $0.37. Marathon's Bitcoin holdings surged 174% to 47,531 BTC. Operationally, the company improved its purchased energy cost per Bitcoin to $35,728 and enhanced its daily cost per petahash by 25% year-over-year. Marathon also completed construction of a 200-megawatt data center in Ohio, with 100 megawatts currently online. Its energized hashrate rose 95% year-over-year to 54.3 EH/s. Meanwhile, Wolfspeed, a semiconductor manufacturer, saw its Q1 2025 revenue decline 19% year-over-year to $18.2 million, missing analyst expectations amid operational challenges. The company mined 372 Bitcoin in Q1 but faces ongoing concerns about its future due to slowing electric vehicle sales impacting its annual revenue forecast. Wolfspeed's stock dropped more than 20% premarket following the earnings report and revenue forecast miss. The broader electric vehicle market experienced a slowdown in consumer demand recently.