A the time of publication, MARA shares were down 9.40% at $13.05, Riot shares were down 9.54% at $13.98 and CleanSpark were down 8.96% at $12.13.
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Shares of MARA Holdings Inc (NASDAQ:MARA), Riot Platforms Inc (NASDAQ:RIOT) and CleanSpark Inc (NASDAQ:CLSK) are trading lower Tuesday amid a drop in the price of Bitcoin (CRYPTO: BTC).
What To Know: As bitcoin declines, mining stocks are decreasing as well, with crypto-related stocks trailing the general decline in the value of digital assets. Lower bitcoin prices decrease mining profitability and the value of the companies’ bitcoin holdings.
Recent third-quarter results from MARA Holdings were mixed.
The business showed notable operational growth in spite of the earnings miss. At the time, its Bitcoin holdings were worth over $5 billion, with a 98% year-over-year increase to 52,850 BTC.
Riot Platforms reported third-quarter revenue of $180.2 million — up from $84.8 million in the same period of 2024 —mainly driven by a $93.3 million increase in Bitcoin Mining revenue. Riot produced 1,406 bitcoin during the quarter, versus 1,104 in the prior-year period.
CleanSpark produced 612 bitcoin in October 2025, averaging 19.75 bitcoin per day. With an average operating hashrate of 46.6 EH/s, the company’s operational hashrate reached 150 EH/s. After selling 358 bitcoins for a total of $64.9 million at an average price of $110,057 each, CleanSpark held 13,033 bitcoins as of Oct. 31.
