MARA Holdings Falls 5%, Riot Platforms Sinks 4% as Rates Outweigh a 35,577 Bitcoin Treasury

MARA Holdings (NASDAQ:MARA | MARA Price Prediction) stock is falling 5% to $9.25 in Tuesday morning trading, extending a rough stretch for the largest publicly listed Bitcoin (CRYPTO:BTC) miners. MARA sits on a 35,577 Bitcoin treasury, one of the largest corporate holdings in the industry.

Cipher Mining (NASDAQ:CIFR) shares are sinking 10% to $16.70. Meanwhile, HIVE Digital Technologies (NASDAQ:HIVE) stock is dropping 5% to $2.91. In addition, Riot Platforms (NASDAQ:RIOT) stock is sliding 4% to $19.20.

The 10-year Treasury yield sits at 4.7%, near the top of its 52-week range of 3.9% to 4.7%. The NASDAQ 100 fell 1.5% in early Tuesday trading, and the Philadelphia Semiconductor Index dropped more than 5%, pressuring AI infrastructure exposure.

Rates Outweigh the Bitcoin Treasury Story

MARA Holdings operates 19 data centers across four continents and is vertically integrated across power, land, and compute. The company holds a 35,577 Bitcoin treasury, partners with Starwood on data center development, and is pursuing the acquisition of Long Ridge Energy.

MARA recently secured rights to a 2 GW site in Texas and is targeting a powered land portfolio of up to 4.8 GW. Its Exaion subsidiary provides private AI cloud and sovereign computing services in Europe. MARA’s market capitalization sits at roughly $3.58 billion.