MARA Holdings, a major Bitcoin miner with a large 35,577 BTC treasury, saw its stock drop 5% due to rising 10-year Treasury yields hitting near 4.7%, which pressures valuations of rate-sensitive infrastructure stocks. Despite MARA's strategic assets like data centers, land, and AI cloud services, higher borrowing costs weigh on its stock price. Other miners like Cipher Mining, HIVE Digital, and Riot Platforms also faced declines. The market now values these miners more as data center developers than just Bitcoin proxies, with future contracted AI capacity and power costs driving stock performance rather than Bitcoin price alone. Investors should watch Treasury yields and MARA's progress on converting Texas site capacity into contracted revenue.
MARA Holdings has seen its stock price drop 48% since the last coverage, underperforming the market's 14% gain. Despite challenges from Bitcoin-related revenue headwinds and inconsistent execution, management remains optimistic with plans to expand i...
Bitcoin remains steady near $79,500, but key Bitcoin mining stocks MARA Holdings and Riot Platforms fell 6% amid profit-taking rather than a broad crypto selloff. The miners have lagged Bitcoin's 26% rally over the past month, with MARA up only 4% an...
Coinbase stock increased by 14% over the past month, underperforming Bitcoin's 26% rise, because its revenue depends on trading volume and transaction fees rather than the Bitcoin price itself. While Bitcoin surged, Coinbase's trading volume declined...
Strategy stock surged 10% following a 3% rebound in Bitcoin's price, reflecting its direct balance-sheet exposure to the cryptocurrency. Meanwhile, MARA Holdings, a Bitcoin miner, rose 9%, benefiting less immediately due to mining economics like hash...
