MARA Holdings Takes Hit as Treasury Yields Rise

MARA Holdings stock fell 5% to $9.25 on Tuesday morning trading, joining other major Bitcoin miners in decline.

The 10-year Treasury yield sits at 4.7%, near its 52-week high of 4.7%. This increase puts pressure on miner valuations, as borrowing costs and the discount rate on future contracted cash flows drive valuations.

MARA Holdings operates 19 data centers across four continents, holds a 35,577 Bitcoin treasury, and partners with Starwood for data center development.