MARA Holdings' stock fell sharply by 5.08% during the intraday trading session, reflecting a broader downturn in cryptocurrency-related stocks.

The decline was driven by a drop in Bitcoin and Ether prices, with Bitcoin falling 2.5% to $90,056.24 and Ether tumbling 4.3% to $3,196.62. Risk sentiment weakened further as concerns about AI profits and higher spending by tech companies weighed on the market.

This sell-off in crypto stocks followed a broader tech sector decline, exacerbated by Oracle's disappointing profit and revenue outlook, which signaled slower-than-expected returns on AI infrastructure investments.