MARA, DeFi Development, and Gemini to Release Q3 Earnings This Week

Odaily Report: MARA, DeFi Development, and Gemini will release their third-quarter earnings this week. During the quarter, the total crypto market capitalization rose 40.86%, but since September 30, all three companies' stock prices have fallen by at least 37%. MARA is scheduled to release its earnings after U.S. market close on November 9, with analysts expecting a loss of $0.33 per share and revenue of $176 million; the company reported a net loss of $611 million in the second quarter and held 35,600 BTC as of June 30. DeFi Development is scheduled to release its earnings at 8:00 a.m. ET on November 12, and held 2.6009 million SOL and equivalents as of October 30; the annual dividend rate on its CHAD preferred stock was raised from 13% to 14%. Gemini is scheduled to release its earnings after U.S. market close on November 12, with analysts expecting a loss of $0.58 per share and revenue of $44.38 million; its second-quarter trading volume fell from $11.3 billion in the same period last year to $3.8 billion, and exchange revenue dropped 38% to $12.5 million.