MARA, CLSK Stocks Face Earnings Test After Last Week’s AI-Fueled Rally: Retail Sentiment Diverges

• Retail sentiment on Stocktwits improved for MARA, while enthusiasm around CLSK cooled following last week’s rally in AI-linked Bitcoin miner stocks.
• Wall Street expects MARA to report a quarterly loss of $0.77 per share on $202 million in revenue, while CLSK is expected to post a $1.32 per-share loss on $181 million in revenue.
• Investors are increasingly focusing on Bitcoin miners’ transition toward AI infrastructure and high-performance computing data centers rather than crypto mining alone.

MARA Holdings (MARA) and CleanSpark (CLSK), both Bitcoin (BTC) miners pivoting to data center infrastructure, are set to report their first-quarter earnings after the bell on Monday, but their shares were moving in opposite directions in early morning trade.

MARA’s stock edged almost 1% higher in pre-market trade, while CLSK’s stock moved 0.50% lower. One saw retail sentiment improve on Stocktwits over the past day, while the other saw it weaken ahead of the first-quarter print.

Sentiment around MARA’s stock improved to ‘extremely bullish’ from ‘neutral’ territory, accompanied by chatter at ‘normal’ levels. Meanwhile, retail sentiment around CLSK’s stock dropped to ‘bullish’ from the ‘extremely bullish’ zone, and chatter fell to ‘normal’ from ‘high’ levels.

Will MARA, CLSK Pivot To AI Payoff?

Wall Street is expecting MARA to report a loss of $0.77 per share on revenue of $202 million and CLSK to report a loss of $1.32 per share on revenue of $181 million. 

Some traders on Stocktwits were expecting a surprise guidance from MARA, others hoped that Bitcoin mining would continue to provide a cushion for the companies provided BTC’s price doesn’t dip again.

Bitcoin’s price edged 0.4% higher in the last 24 hours, holding above $81,000 despite new of President Donald Trump rejecting Iran’s peace proposal. Retail sentiment around the apex cryptocurrency on Stocktwits trended in the ‘neutral’ zone over the past day, accompanied by ‘normal’ levels of chatter. 

MARA remains the fourth-largest corporate Bitcoin holder in the world with around 38,689 BTC on its balance sheet. Meanwhile, CleanSpark's Bitcoin holding are at around 13,561 BTC, ranking 11th in the world. 

MARA, CLSK Earnings Arrive After Breakout Week For Crypto Miners

The muted movement in share prices among pivoting Bitcoin miners follows Hut 8 (HUT), Core Scientific (CORZ), Riot Platforms (RIOT), and Iren (IREN), seeing their stocks explode to fresh highs last week.

RIOT’s stock rallied to a four-year high after announcing a partnership with Terrestrial Energy to develop nuclear-powered data centers tied to artificial intelligence workloads and high-performance computing. The company said the initiative could scale up to 4 gigawatts of nuclear capacity, though deployment is expected in the early 2030s.

CORZ’s stock hit a record high last week after unveiling plans to transform its Muskogee, Oklahoma, campus into one of the largest data center developments in the U.S., taking it into gigawatt (GW) scale. 

Meanwhile, HUT’s stock surged after announcing a 15-year, $9.8 billion data center lease agreement in Texas linked to AI infrastructure expansion alongside its Q1 print. While its revenue fell short of expectation, losses were narrower than expected.

Read also: CRCL Stock Swings After Q1 Earnings Miss, Profit Squeeze – Retail Bullish On CLARITY Act Markup Hopes

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