Marathon Digital Holdings (NASDAQ:MARA) shares traded lower Monday after the Bitcoin (BTC-USD) miner reported a 13% month-over-month decline in BTC production for January 2025.
The stock fell 7.85% pre-market to $16.90, before settling at $17.18, down 6.33% as of 9:38 AM ET. The drop coincided with Bitcoin (BTC) slipping 3.43% to $95,807.3, losing $3,405.3 during the session.
Production and Performance Metrics
CEO Fred Thiel attributed the decline to network difficulty fluctuations and intermittent curtailment but noted that energized hashrate remained stable with December as no new miners were added. Marathon Digital's stock movement closely tracked Bitcoin's decline, as broader cryptocurrency market volatility continued to impact mining stocks
This article first appeared on GuruFocus.免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。