NEW YORK, Jan 13, 2026, 10:43 EST — Regular session
- MARA shares held steady in morning trading while bitcoin climbed and miners adjusted to changing production figures.
- Industry publication The Miner Mag reported that Bitdeer closed the December production gap with MARA, with mining margins remaining tight.
- Traders are eyeing a U.S. Senate committee session scheduled for later this week, along with Fed policy signals expected toward the month’s end.
MARA Holdings, Inc. shares edged up 0.1% to $10.66 on Tuesday, mirroring a bitcoin increase during the U.S. morning session.
The stock stands at a crossroads between two rapid developments: which players can continue ramping up computing power in a fiercely competitive mining space, and whether Washington will roll out regulations that either simplify crypto ownership or tighten the screws on operations.
The mix can shift fast. When bitcoin holds steady, miners usually see a boost. But when profits tighten, it’s leadership on output and uptime that takes center stage—more than any slogans.
Bitdeer is on the move. According to TheMinerMag, the company mined 636 bitcoin in December, pushing its implied realized hashrate — a key measure of mining power — to roughly 51.2 exahash per second (EH/s), marking a 20% jump from November.
MARA has stopped reporting its total bitcoin production, according to the publication, but its own MARA Pool mined 675 bitcoin in December, suggesting around 52 EH/s. The Miner Mag also noted that the “hashprice” has stayed under $40 per petahash per second per day — a rough measure of miner revenue per unit of computing power — as network difficulty stays elevated. TheMinerMag
Policy moves took center stage Monday night as U.S. senators revealed draft legislation aiming to regulate crypto markets. The bill proposes clear definitions for when tokens qualify as securities or commodities and grants the CFTC oversight of spot crypto markets—where tokens are traded for immediate settlement. It also clamps down on yield rules for dollar-pegged stablecoins but permits rewards tied to payments or loyalty programs.
Macro concerns remain front and center. U.S. consumer prices climbed 0.3% in December, with core CPI — excluding food and energy — up 0.2%, keeping the spotlight on Federal Reserve rate moves ahead of its late-January meeting. Michael Pearce, chief U.S. economist at Oxford Economics, noted that “distortions caused by the government shutdown have made the inflation data harder to interpret,” but recent numbers point to inflation having peaked. Reuters
Shares in other listed miners showed a mixed to slightly positive trend. Riot Platforms edged up 0.5%, CleanSpark gained 1.8%, and Bitdeer added roughly 1.0%.
MARA holders face clear short-term concerns: will mining economics hold steady, and can the company maintain its scale advantage as competitors roll out new machines? Investors are also watching power costs, equipment delivery timelines, and whether uptime drops as operations grow.
The downside scenario is clear. Should bitcoin lose ground or the Senate bill falter, miners could tumble quickly. Rising network difficulty or a drop in “hashprice” would squeeze mining profits, hitting the costliest operators hardest. The stock market tends to price this in well before quarterly results land.
Traders are also focused on Thursday’s Senate Banking Committee session discussing the market-structure bill, plus the Federal Reserve’s policy meeting on Jan. 27-28 for clues on rate moves that might impact crypto risk appetite.
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