Why Marathon Digital (MARA) Stock Is Down 40% in the Past Month

For those who haven’t been living under a rock, Bitcoin (BTC-USD) has recently hit new all-time highs, trading above the key $70,000 level. Accordingly, one might expect Bitcoin miners like Marathon Digital (NASDAQ:MARA) to follow suit, given their exposure to rising prices. Unfortunately, though, MARA stock is down nearly 10% today. That brings its losses over the past month to almost 40%. The question has to be asked: What gives? After all, the Bitcoin hoard on Marathon’s balance sheet and its ongoing BTC ...