Why Mara Holdings Stock Plummeted Today

Shares of Mara Holdings (NASDAQ: MARA) are falling on Monday. The stock dropped 8.6% as of 3:14 p.m. ET and was down as much as 12% earlier in the day. The move comes as the S&P 500 and Nasdaq Composite slipped 0.3% and 0.4%, respectively.Mara, a Bitcoin mining company, released its April production update on Monday. Investors were disappointed by the underwhelming numbers.Mara released its latest Bitcoin production update for April 2025. The company saw the number of Bitcoin blocks "won" -- essentially how many Bitcoins it produced -- fall by 15% month over month. Mara cited increased competition as the global hashrate grew and mining difficulty increased by 8%. That was despite an expansion at its Ohio data center and new operations in North Dakota and Texas.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool