Bitcoin (BTC) slipped below $69,000 on Thursday, erasing gains seen earlier in the week as MARA Holdings (MARA), the largest crypto mining company in the United States, disclosed a substantial liquidation of its BTC holdings to fund an expansion into artificial intelligence (AI) computing. MARA Shares Climb On Debt-Repurchase Plan In its disclosure covering March 4–25, MARA said it sold 15,133 BTC for roughly $1.1 billion. The sale reduced Marathon’s holdings by roughly 28% from the 53,822 BTC it held at the start of March, according to BitcoinTreasuries.net data. Related Reading: Ethereum (ETH) May Be Reversing Course, Says Top Analyst; Watch These Key Resistances The market reaction to the move was notable on both fronts. Bitcoin’s price retreated to approximately $68,997 at the time of writing — a decline that places the cryptocurrency more than 45% below its record highs near $126,000 set during last year’s rally. Meanwhile, MARA stock rose almost 7% intraday, bringing the stock closer to the $9-per-share level as investors digested the company’s pivot toward AI and high-performance computing. The Bitcoin miner said the proceeds from the sale will be used to repurchase $1 billion in convertible bonds maturing in 2030 and 2031 through privately negotiated buyback agreements expected to close on March 30 and March 31. Management framed the transaction as a strategic refinancing move that both strengthens the balance sheet and increases financial flexibility. MARA CEO Fred Thiel stated: This transaction enhances financial flexibility and increases strategic optionality as we expand beyond pure-play bitcoin mining into digital energy and AI/[high-performance computing] infrastructure. Sale Sees Holdings Fall To 38,689 Bitcoin In a similar vein, MARA Holdings’ CEO emphasized the sale was a deliberate capital-allocation decision intended to position the company for long-term growth. By retiring more than $1 billion of face-value debt at a discount, the company said it captured approximately $88 million in value that otherwise might have been lost, reduced potential shareholder dilution, and used its Bitcoin holdings to de-lever the balance sheet on terms favorable to the company. The sale follows changes MARA disclosed earlier this month in a Form 10-K filed with the Securities and Exchange Commission (SEC). The company revised its 2026 policy to permit the sale of Bitcoin held on its balance sheet during liquidity stress or market crises. Related Reading: Crypto Bill Clash: Coinbase Rejects CLARITY Act Changes On Stablecoin Yields The filing warned that prolonged weakness in Bitcoin’s price could materially affect MARA Holdings’ financial health; sustained or further declines in BTC could significantly reduce the value of its holdings and weigh on liquidity and the balance sheet. MARA Holdings’ reduced stash is now valued at roughly $2.66 billion at current prices. BitcoinTreasuries.net shows the company has fallen to the third-largest public holder following the sale, overtaken by Twenty One Capital, which now holds 43,514 coins. The industry leader remains Strategy (formerly MicroStrategy), which has maintained an aggressive acquisition strategy on a weekly basis and now holds 762,099 Bitcoin. Featured image from OpenArt, chart from TradingView.com
Public bitcoin miner balance sheets are shifting as capital rotates from bitcoin treasuries to AI infrastructure.
Mixed fourth quarter results highlight divergence between AI expansion plays and margin pressure.
The bitcoin miner inked a deal with investment firm Starwood to convert and expand select facilities to serve data center needs for AI.
The French government imposed conditions, including a 10% stake by NJJ Capital, to address national interest concerns.
The analyst framed some bitcoin mining sites as infrastructure assets, lifting CIFR and WULF shares while MARA lags.
With block rewards set to plunge, only miners with energy control or AI pivots are likely to survive, Thiel argues.
Bitcoin mining margins tightened in September as a rising network hashrate and a slide in BTC prices dragged profitability lowe
MARA and CLSK rally as bitcoin nears $118,000 and sector momentum builds.
Executives at Jackson Hole’s SALT conference said the old boom-and-bust halving rhythm is breaking down, with survival now tied to cheap power and diversified infrastructure.
A rising bitcoin price is seen as most favorable for Galaxy's digital assets business, while miners fight a rising network hashrate, the report said.
MARA Holdings holds roughly 50,000 BTC, valued at nearly $6 billion, ranking it as the second-largest bitcoin holder among public companies
The macro and regulatory backdrop has intensified investor interest in the sector and provided a fresh tailwind for mining firms, the report said.
The bank updated its miner estimates to reflect second-quarter earnings and changes to the network hashrate and the bitcoin price.
The company in June saw a 25% decrease in blocks won mostly due to weather-related curtailments.
The rise in profitability was driven by a 20% increase in the bitcoin price, while the hashrate rose only 3.5%, the report said.
Compass Point slashed Marathon’s price target to $9.50, warning of dilution and premium bitcoin exposure.
The company, which has the second-largest bitcoin stash among publicly-traded companies, could use the funds to finance further BTC acquisitions.
Grayscale has introduced a new crypto-related investment product focused on the Bitcoin mining sector, according to a Jan. 30 statement shared with CryptoSlate. The new product is called the Grayscale Bitcoin Miners ETF and is designed to track the performance of Bitcoin mining companies. The fund trades under the ticker MNRS on the New York Stock […]
The post Grayscale launches Bitcoin miners ETF on NYSE appeared first on CryptoSlate.
Marathon Digital, a prominent Bitcoin mining company, has immortalized incoming US President Donald Trump on the blockchain network of the flagship digital asset. On Jan. 17, Marathon Digital CEO Fred Thiel detailed the creation of the “Trump 47” block on social media platform X, saying: “The ‘Trump 47’ block was composed with AI to form […]
The post Donald Trump image inscribed on Bitcoin blockchain by Marathon Digital appeared first on CryptoSlate.
Mining profitability increased last month as the rally in bitcoin outpaced the increase in the network hashrate, the report said.
The bitcoin miner holds 44,893 BTC on its balance sheet, it said in a production report.
Marathon Digital Holdings is redefining the narrative around Bitcoin mining by repurposing its excess heat to benefit communities in Finland. In a Dec. 20 statement on X, the company said it provides heating for approximately 80,000 residents through a forward-thinking approach that merges innovation and environmental responsibility. This success builds on a pilot project launched […]
The post Marathon Digital warms 80,000 Finnish homes with heat generated from Bitcoin mining appeared first on CryptoSlate.
It’s beginning to look like a race as miners scramble to buy Bitcoin before the price keeps rallying.
November was a strong month for the miners as the rally in bitcoin outpaced the rise in the network hashrate, the report said.
The increases partly reflect a “HODL premium” akin to MicroStrategy’s, the analysts said.
Despite announcing a strategic Bitcoin purchase plan, Riot Platforms’ shares fell nearly 10%. At the market opening on Dec. 9, the miner stock dropped by 7.1% to $12.03, reflecting a broader decline in crypto-related equities such as Coinbase, Marathon Digital, and CleanSpark, as reported by Yahoo Finance. This contrasts with the broader crypto market’s upward […]
The post Riot Platforms shares dip despite $500 million Bitcoin acquisition strategy appeared first on CryptoSlate.
Inscriptions project OrdinalsBot minted what it says is the largest ever file on Bitcoin: The last in a collection of 1,500 "Pizza Ninjas."
Marathon Digital reported a record performance in its Bitcoin mining operations for November amid its ongoing commitment to acquiring the top crypto asset for its reserves. In a Dec. 2 statement, the company revealed that its BTC production rose by 26% month-over-month to 907 BTC. Additionally, its energized hash rate surged 15% to reach 46.1 […]
The post Marathon Digital leverages dual strategy to surpass mining goals and boost Bitcoin reserves appeared first on CryptoSlate.
MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.