MARA slides 5% and Cipher Mining drops 10% as the 10-year Treasury yield near its 52-week high at 4.7% hits miner valuation multiples directly.
RIOT surged 58% year to date while IBIT fell 27%, as investors rerate miners as data center developers rather than Bitcoin proxies.
MARA's 35,577 Bitcoin treasury and 4.8 GW land pipeline remain intact, but higher rates raise construction costs for an already unprofitable company.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marathon Digital didn't make the cut. Grab the names FREE today.
MARA Holdings (NASDAQ:MARA) stock is falling 5% to $9.25 in Tuesday morning trading, extending a rough stretch for the largest publicly listed Bitcoin (CRYPTO:BTC) miners. MARA sits on a 35,577 Bitcoin treasury, one of the largest corporate holdings in the industry.
#treasury #largest #cipher #mining
RIOT surged 58% year to date while IBIT fell 27%, as investors rerate miners as data center developers rather than Bitcoin proxies.
MARA's 35,577 Bitcoin treasury and 4.8 GW land pipeline remain intact, but higher rates raise construction costs for an already unprofitable company.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marathon Digital didn't make the cut. Grab the names FREE today.
MARA Holdings (NASDAQ:MARA) stock is falling 5% to $9.25 in Tuesday morning trading, extending a rough stretch for the largest publicly listed Bitcoin (CRYPTO:BTC) miners. MARA sits on a 35,577 Bitcoin treasury, one of the largest corporate holdings in the industry.
#treasury #largest #cipher #mining
2 months ago
