What's Going On With Bitcoin-Related Stock Marathon Digital (MARA)?
Portfolio Pulse from Henry Khederian
Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading lower by 6.3% ahead of the company's third-quarter earnings report. The stock may also be falling in sympathy with peer Bitcoin miner Riot Platforms after the company reported worse-than-expected third-quarter financial results. Cryptocurrency-related stocks are known for their high volatility and investors might become more risk-averse and sell off related stocks, such as Marathon Digital Holdings, to limit their exposure to the sector's volatility.
November 08, 2023 | 8:22 pm
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Marathon Digital Holdings shares are trading lower ahead of its Q3 earnings report and due to poor Q3 results from peer Bitcoin miner Riot Platforms.
Marathon Digital Holdings shares are trading lower due to the upcoming Q3 earnings report and the poor Q3 results from Riot Platforms. This indicates a negative sentiment among investors, which could lead to a further decrease in the stock price.
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