MARA Shares Drop as Miner Selloff Hits Bitcoin-Linked Stocks
MARA Holdings shares slid 3.9% to $12.79, underperforming Bitcoin’s rebound above $62,000, as investors repriced crypto miners amid tech stock weakness, high energy costs, and sector-wide pressure; MARA’s future now hinges on its pivot toward power infrastructure and AI, with its $1.5B Long Ridge Energy deal pending regulatory approval and Bitcoin price swings still driving revenue and massive quarterly losses.