U.S. stock night market volatility: MARA fell 3.43% in the night session, with lawsuits and internal selling raising market concerns

U.S. Stock Night Market Movements

Marathon Digital fell 3.43% in the night market. Based on recent key news:

1. On November 2, Mara Holdings sued Hood County officials in an attempt to block a noise regulation vote. This event raised concerns about the company's operating environment, leading to a drop in stock price. Source: Golden Finance

2. On November 4, Guggenheim Securities pointed out that MARA has the highest network capacity and Bitcoin reserves among its peers, but insiders have net sold, and short interest is as high as 26.96%. These factors have increased market doubts about its future performance. Source: Guggenheim Securities

3. On November 3, MARA is set to announce its third-quarter financial report, with an expected earnings per share of $0.11, a significant improvement compared to the same period last year. However, the market remains cautious about its ability to sustain outperforming expectations. Source: Benzinga.com The volatility in the Bitcoin market is intensifying, affecting mining companies' performance.

Stocks with High Trading Volume in the Industry

Palantir Tech fell 5.67% in the night market. Based on recent key news:

1. On November 4, Palantir announced its third-quarter financial report, with revenue of $1.18 billion, exceeding market expectations of $1.09 billion, and net profit rising to $476 million, driving the stock price up. However, concerns over high valuation led to a pullback in stock price. Source: Caixin

2. On November 4, Palantir announced new partnerships with several companies, including Snowflake and NVIDIA, further expanding its AI application ecosystem. Despite the promising cooperation prospects, high valuation and dependence on government contracts have raised market unease. Source: Wall Street Insight

3. On November 4, Wedbush Securities raised Palantir's target price to $230, believing its third-quarter performance exceeded expectations. However, analysts expressed concerns about its high price-to-earnings ratio, suggesting that the stock price may be detached from fundamentals. Source: MarketWatch AI application growth is rapid, increasing valuation risks.

BitMine fell 5.62%, with active trading. Based on recent key news:

1. On November 3, BitMine Immersion Technologies announced that its total cryptocurrency and cash holdings reached $13.7 billion, including 3.4 million ETH, accounting for 2.8% of the total supply. This news demonstrates the company's strong position in the digital asset market; however, the market's reaction to its large holdings has been mixed, leading to stock price fluctuations.

2. On November 3, BitMine announced the acquisition of 82,353 ETH, further increasing its Ethereum reserves. This move solidified its position as the world's largest ETH vault, but also raised market concerns about its financial strategy, leading to a drop in stock price On November 1st, BitMine obtained 7,660 ETH from Galaxy Digital, worth $29.28 million. Although this shows the company's active participation in the cryptocurrency market, the market remains cautious about its ongoing accumulation strategy, affecting stock performance. The volatility in the crypto market has intensified, and investors need to be cautious.

IREN fell 4.06% in after-hours trading. Based on recent key news:

1. On November 3rd, IREN signed a $9.7 billion AI cloud service agreement with Microsoft. This agreement will allow Microsoft to use the Nvidia GB300 architecture accelerator system, driving IREN's stock price up over 20% in pre-market trading. Source: Hong Kong Economic Journal

2. On November 3rd, IREN announced plans to spend $5.8 billion to procure GPUs and related equipment from Dell. This procurement plan supports its collaboration with Microsoft and further enhances market confidence in IREN. Source: Jinshi Data

3. On November 3rd, analysts held a positive outlook on IREN's technical indicators and earnings conference call, but the high price-to-earnings ratio and cash flow management challenges remain major issues it faces. Source: TipRanks AI cloud service demand growth drives industry development