Shares Of Bitcoin Miner MARA Holdings Are Falling Monday: What's Going On?

MARA Holdings Inc MARA shares are trading lower Monday as broader crypto markets face selling pressure amid trade war concerns. The company also released a mining update for December.

What To Know: MARA Holdings shares are caught up in a broader crypto selloff sparked by U.S. President Donald Trump’s move to place tariffs on Canada, Mexico and China.

Trump signed executive orders on Saturday to impose 25% tariffs on Canada and Mexico and 10% tariffs on China. The tariffs are expected to take effect on Tuesday.

Bitcoin BTC/USD was last down more than 3.25% over a 24-hour period, trading around $96,150. Several crypto-related stocks, including mining stocks, were moving lower alongside the price of Bitcoin.

MARA Holdings on Monday released a mining update for December showing it mined 750 Bitcoin last month, down about 13% from 865 Bitcoin mined in November.

“In January, our production saw a 12% month-over-month decline in blocks won, largely due to fluctuations in network difficulty and intermittent curtailment,” said Fred Thiel, chairman and CEO of MARA Holdings.

“After a very busy end of 2024 during which we relocated and brought online over 100,000 miners, our energized hashrate remained consistent with December, as no new miners were brought online during the month.”

See Also: Don’t Buy The Dip On Bitcoin, Ethereum, XRP Yet, Standard Chartered Warns

MARA Holdings said it successfully completed fleet upgrades at its Wolf Hollow, Texas facility to increase its hashrate without adding additional power consumption. The company also said it is nearing full miner fleet conversion at its Kearney, Nebraska site.

“Looking ahead, we are committed to expanding our mining capacity in 2025 and further strengthening our position as a leader in the BTC mining industry. Our strategy will prioritize near net zero cost energy solutions, and we look forward to sharing more on our earnings call at the end of the month,” Thiel added.

Analysts expect MARA Holdings to report earnings of 45 cents per share and revenue of $183.24 million when it reports fourth-quarter financial results later this month.

MARA Price Action: MARA Holdings shares were down 3.21% at $17.76 at the time of publication Monday, according to Benzinga Pro.

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