MARA Holdings' stock fell 5.01% in pre-market trading on Thursday, extending losses from the overnight session.
The decline in the cryptocurrency mining company's shares comes as bitcoin prices dropped below $63,000, hitting a near four-month low. Bitcoin has lost nearly 25% of its value in less than a month, putting pressure on crypto-related stocks.
Other cryptocurrency miners and blockchain-related companies also saw significant declines in pre-market trading, with the sector broadly affected by the downturn in digital asset prices.