MARA shares plunge 9.94% as Bitcoin retreat and macro concerns hit miners

  • MARA Holdings shares fell as Bitcoin weakness pressured crypto-linked stocks.
  • MARA shares dropped 9.94% to $10.69 Friday afternoon, according to Benzinga Pro data.
  • MARA reported 54.2 EH/s of energized hash rate and holdings above 50,000 BTC.

MARA Holdings shares fell 9.94% to $10.69 Friday afternoon as Bitcoin retreated from a recent 20% monthly rally and broader selling pressure spread across crypto-linked stocks. Bitcoin dropped about 3% to around $77,000 after Federal Reserve Chairman Kevin Warsh highlighted persistent inflation pressures, reviving concerns about the path of interest rates. The U.S. dollar’s strength added to the pressure after Treasury Secretary Scott Bessent disclosed an exchange of foreign-currency assets in the Exchange Stabilization Fund for Japanese Yen. MARA’s latest operational update showed an energized hash rate (Bitcoin mining computing power) of 54.2 EH/s and total Bitcoin holdings above 50,000 BTC, but those expansion efforts did not overcome the market’s risk-off tone.

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