What's Going On With Bitcoin Miner Stocks Thursday?

Erica Kollmann

February 29, 2024

Bitcoin-mining stocks are pulling back Thursday following recent strength. Some stocks in the sector may also be down in sympathy with Marathon Digital Holdings, Inc. (NASDAQ:MARA) and as the recent Bitcoin rally cools Thursday.

What To Know:

Marathon Digital shares are trading down by more than 16%, leading the mining companies lower Thursday. The company reported mixed fourth-quarter results after the bell Wednesday, however, HC Wainwright & Co. maintained its Buy rating and raised the price target from $24 to $35 following the print.

As previously reported by Benzinga, Bitcoin miners' stocks have outpaced Bitcoin over the past month, possibly due to better-than-expected earnings results. The crypto-mining industry may be experiencing an outsized reaction to Marathon Digital's mixed fourth-quarter results and the subdued Bitcoin price action Thursday as Bitcoin trades around the $61,000 mark.

Some of the other Bitcoin mining stocks trading lower include Bitfarms Ltd. (NASDAQ:BITF), Cleanspark, Inc. (NASDAQ:CLSK) and Riot Platforms, Inc. (NASDAQ:RIOT).

Related News: Okta Stock Rises On Better-Than-Expected Q4 Results: EPS Beat, Revenue Beat, Upbeat Guidance

$BTC, MARA, BITF, CLSK, RIOT Price Action: According to Benzinga Pro, Bitcoin is down 2.42% over a 24 hour period at $60,904.58, Marathon Digital shares are down 15.3% at $26.29, Bitfarms shares are down 10.9% at $2.81, Cleanspark shares are down 10.3% at $16.21 and Riot Platforms shares are down 11% at $13.94 at the time of publication.

Image: Darwin Laganzon from Pixabay

Recommended

How to Hack a $1.3T Market - Ad

Is Elon's Empire Crumbling? - Ad

A Historic Gold Announcement Is About to Rock Wall Street - Ad

Trump's Big, Beautiful Bill offers a $6,000 senior bonus deduction from 2025-28. Couples can save $12,000. Retirees with incomes up to $75,000 benefit most.

A judge resisted Trump’s order on gender identity. The EEOC just fired her

The federal agency charged with protecting workers’ civil rights has terminated a New York administrative judge who , including President Donald Trump’s executive order decreeing male and female as .

Elon's Backup Plan for AI

Elon's Backup Plan for AI - Ad

Elon Musk just poured $51M into the "Quantum Power Grid" - a next-gen system built to fix AI's fatal flaw: energy. Today's AI models need 10,000x more power than older tech. This grid uses advanced metals to transfer energy faster, cleaner, and with near-zero resistance. Chris Rowe explains.

Cathie Wood's Alpha Surge: $250 Million Circle Windfall, Big AMD Buys

Cathie Wood, founder and CEO of ARK Invest, has recently been on a hot streak of successful and high-profile trades through her flagship ARK ETFs.

Bernie Sanders Shares First Thing He Would Do As President — And It Could Be A Jab At Elon Musk

Bernie Sanders lost the 2016 and 2020 presidential races. In a recent interview, Sanders shared what he would do first if he were president.

Copper's Spiking - And This Junior Has the Grades to Match

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

BigBear.ai, AMD, QuantumScape, Coinbase, Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks ended the day on a high note, with the Nasdaq gaining over 1.4% on Tuesday to 19,912.53. The Dow also traded up 1.2% to 43,089.02, while the S&P 500 rose by 1.1% to 6,092.18. These are the top stocks that gained the attention of retail traders and investors throughout the day:

This Everyday Investor Built a $2 Million Portfolio From Just One Stock — Here's the Company

An everyday investor has built a $2 million portfolio by investing exclusively in software firm Palantir.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Meta, KKR, Lululemon And An Industrial Stock On CNBC's 'Final Trades'

Experts predict KKR, Lululemon, Meta Platforms, and Rockwell Automation to perform well.

Greenland has a message for the rest of the world: Come visit

NUUK, Greenland (AP) — has a message for the rest of the world: We’re waiting for you.

Gold Just Hit Another Record. This Junior Could Be Next.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Musk Third-Party Odds Hit 47% — Can The Tesla Chief Do What No One Has Since 1853?

A promise to create a third party from billionaire Elon Musk comes with historical difficulties of challenging the current two-party system.

Diddy Jury Deadlocked On Racketeering Conspiracy Charge As Verdicts Reached On Sex Trafficking Counts — Jurors To Return Wednesday

Jurors in Sean "Diddy" Combs' trial reached verdicts on four charges related to sex trafficking but remain deadlocked on the racketeering conspiracy charge, with deliberations set to continue.

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

Trump's Approval Ratings, Tariff Deadlines, Schumer's Criticism, And Defense Budget Shifts: This Week In Politics

Trump's approval ratings drop after Iran attack, hints at tariff deadline flexibility. SC limits judges' power, Schumer criticizes GOP budget, defense budget shifts to missiles and drones.

Lawmakers Investigate Whether Pfizer Delayed COVID-19 Vaccine Results For Political Reasons

House Judiciary subpoenas ex-Pfizer exec Philip Dormitzer amid claims the COVID-19 vaccine announcement was delayed to avoid influencing the 2020 election.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Cathie Wood's Ark Invest Continues To Offload Coinbase, Bets Big On SoFi Technologies

Cathie Wood-led Ark Invest made notable trades on Friday, including selling shares in Coinbase and Roblox.

California-Trump Legal Battle Over National Guard Deployment Escalates After Court Ruling

California's legal battle with Trump over military deployment in LA is at a standstill after an appeals court ruled in Trump's favor.

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

Supreme Court OKs fee that subsidizes phone, internet services in schools, libraries and rural areas

WASHINGTON (AP) — on Friday upheld the fee that is added to phone bills to provide billions of dollars a year in in schools, libraries and rural areas.

Lisa Murkowski Defends Alaska Carveouts As Elizabeth Warren, Bernie Sanders And Rand Paul Condemn Trump's 'Big Beautiful' Bill: 'Not Good Enough For The Rest Of Our Nation'

Senators across party lines are fiercely divided over Donald Trump's $3.3 trillion "Big Beautiful Bill," which narrowly passed the Senate and now heads to the House amid concerns over debt, tax cuts, and social program rollbacks.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Trump's Crypto Advisor David Sacks Says July Will Be A 'Big Month' — Says President Supports Legislation On Market Structure And Stablecoins

President Donald Trump's crypto and AI advisor, David Sacks, praised on Thursday the Senate’s timeline and plan for crypto legislation that proposes dividing oversight of digital assets between market regulators.

Donald Trump's Approval Rating Jumps Among Baby Boomers — Here's What's Driving It

President Trump's approval rating among Baby Boomers has seen a significant surge, potentially solidifying his political base as we approach the 2026 midterm elections.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Datadog Stock Surges On S&P 500 Inclusion

Datadog Inc (NASDAQ:DDOG) shares are trading higher in Wednesday's after-hours session after it was announced that the company will join the S&P 500.

Investors snap up growing share of US homes as traditional buyers struggle to afford one

LOS ANGELES (AP) — Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers.

A Historic Gold Announcement Is About to Rock Wall Street

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Trump Administration's ICE Raids Compared With WWII Japanese Internment Camps By George Takei: 'Politicians Lie, And People Believe That Lie'

George Takei compares Trump's push to deport immigrants to WWII Japanese American internment, warns of repeating history. Trump's budget cuts may fuel immigration agenda.

Australian airline Qantas says customer data stolen by cybercriminal

Australian airline Qantas said Wednesday that a hacker made off with a trove of customers' personal data including passenger names, emails, phone numbers, birth dates and frequent flyer numbers.

Elon's Backup Plan for AI

Elon's Backup Plan for AI - Ad

Nvidia, Crowdstrike, Wolfspeed, Cadence Design Systems And Microsoft: Why These 5 Stocks Are On Investors' Radars Today

NVDA, CRWD, WOLF, CDNS, MSFT were among the stocks seen trending among investors on Thursday, July 3, 2025.

French police raided the headquarters of far-right National Rally in campaign finance investigation

PARIS (AP) — French police raided the headquarters of far-right party on Wednesday, seizing documents and accounting records, the party's leader said, as part of a campaign finance inquiry.

Copper's Spiking - And This Junior Has the Grades to Match

Copper's Spiking - And This Junior Has the Grades to Match - Ad

As Trump's 'Big, Beautiful Bill' Is Signed Into Law, These EVs From Tesla, GM And Ford Will Become More Expensive: Report

Trump signs law to scrap $7,500 EV credit, leading to price hikes for GM, Stellantis, Ford, and Tesla vehicles.

Bitcoin, Ethereum, Dogecoin Dip On Macro Jitters From Trump's Japan, South Korea Tariffs: Analyst Says BTC 6 Months Away From Top If History Repeats

Leading cryptocurrencies fell Monday as President Donald Trump‘s fresh tariffs on Japan and South Korea spurred risk-off sentiment.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

Amazon Hits 1 Million Robots, Should Human Workers Be Worried?: Company Says 'Creating New Career Opportunities'

If Amazon has one million robot workers, should human workers be worried? Not yet, the company says.

Trending Now

Global Citizen takes its fight against poverty to the world's growing cities

Trump keeps saying the GOP mega bill will eliminate taxes on Social Security. It does not

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

A Vermont dairy farm was raided. The mixed messages from Washington since then have increased fears

Warren Buffett Skips Big Banks Like JPMorgan and Wells Fargo, Bets $459 Million On This One Asset

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Mystery Seller Behind $105 Million Plot Next to Jeff Bezos Estate Finally Revealed

FDA requires updated warning about rare heart risk with COVID shots

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Iran’s president orders country to suspend cooperation with UN nuclear watchdog IAEA

Goldman Just Launched Two New Bond ETFs; Here's Why Investors Should Pay Attention

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

Trump Says Jerome Powell Should 'Resign Immediately' After FHFA Director Alleges Fed Chair Lied About $2.5 Billion Renovation Plan

Trump's Tariffs, Boeing's Blowout, Tesla's Robotaxi, BYD's European Triumph And GM's Massive Recall: This Week In Mobility

How to Hack a $1.3T Market - Ad

Cash-Rich IonQ To Capture 20% Of Quantum Market By 2035

Occidental Petroleum, Exxon Mobil, Chevron Surge In Monday Pre-Market: What's Going On?

Is Elon's Empire Crumbling? - Ad

Sig Sauer, faced with lawsuits over a popular pistol, gets protection in New Hampshire

Senate GOP removes tax on solar and wind energy but dismantles climate law passed by Democrats

A Historic Gold Announcement Is About to Rock Wall Street - Ad

Shooting Stars: Rocket Lab Breaks Records (And Stock Up 640% In Past Year), AST SpaceMobile Impresses Defense, Kuiper Grows

House Republicans race toward a final vote on Trump's tax bill, daring critics to oppose

Elon's Backup Plan for AI - Ad

Nations are meeting to drum up trillions to combat poverty — but the US isn't going

Robinhood, Apple, Oracle, Plug Power And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Rural hospitals brace for financial hits or even closure under Republicans' $1 trillion Medicaid cut

Embed-chart-July Fourth-Pool Party Prices, ADVISORY

The Tesla Shock Nobody Sees Coming - Ad

ExxonMobil and partner Qatar Energy find new natural gas deposit off Cyprus

Over 400 Space Companies Plead Congress To Maintain Office Of Space Commerce Funding: Report

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

Amazon's AI-Powered 4-Day Prime Day Will Drive Billions In Sales

Trump accuses Brazilian authorities of 'witch hunt' against ex-President Jair Bolsonaro

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Big Banks Pass Fed's 2025 Stress Test With Ease—But Some Say It Was Too Easy

Shaquille O'Neal Wants $50 Million From Lakers Following $10 Billion Sale

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

In a country where alcohol is banned, Pakistan’s top brewery is betting on soft drinks

Business News Digest

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

Women can be drafted into the Danish military as Russian aggression and military investment grows

Elon Musk's SpaceX's Hypersonic Rocket Cargo Delivery Project Dropped By US Air Force

How to Hack a $1.3T Market - Ad

Elon Musk's Mother Recalls Borrowing First Tesla Roadster In 2008—Now Celebrates Robotaxi Launch With Joyride In Driverless Car: 'No One Knew What It Was'

'Tesla Has The Robot And The Customer': Dave Mazza's HUMN ETF Makes A Calculated Bet On Optimus

Is Elon's Empire Crumbling? - Ad

Dan Ives Urges Apple 'To Make A Move,' Saying That Perplexity Acquisition Is 'A No-Brainer': 'It's A Matter Of When And Not If'

How to manage ADHD at work and turn it into a strength

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.