What's Going On With Bitcoin Mining Stock MARA Holdings Thursday?

MARA Holdings Inc MARA shares are trading lower amid broader market weakness. The company on Thursday provided a Bitcoin BTC/USD production and mining operation update for March.

What Happened: MARA Holdings said it mined 829 bitcoin in March, up 17% month-over-month from 706 bitcoin mined in February.

Total bitcoin holdings grew to 47,531 as of the end of the month. The company’s energized hashrate increased 1% to 54.3 EH/s as of March 31.

“Energized hashrate grew 1% over February and we expect to finish construction of our 40-megawatt data center in Ohio by the end of April. We will continue to focus on being the dominant player in bitcoin mining while expanding our footprint in energy generation,” said Fred Thiel, chairman and CEO of MARA Holdings.

MARA Holdings shares are seeing some selling pressure Thursday as broader crypto markets fall with global risk assets following sweeping reciprocal tariffs from U.S. President Donald Trump.

The Trump administration announced new tariffs on several countries around the world late Wednesday, raising the risk of a global trade war and creating further economic uncertainty.

The S&P 500 was last down nearly 3.5%, according to Benzinga Pro. Bitcoin was down about 4.4% over a 24-hour period, trading around $82,150 at the time of writing.

MARA Price Action: MARA Holdings shares were down 9.14% at $11.26 at the time of publication Thursday, according to Benzinga Pro.

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