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MARA Holdings Inc (NASDAQ:MARA) and Riot Platforms Inc (NASDAQ:RIOT) shares are moving lower Tuesday. The Bitcoin (CRYPTO: BTC) miners reported operational updates for February. Here’s what you need to know.
What To Know: MARA Holdings said it mined 706 bitcoin in February, down about 6% from the 750 bitcoin mined in January. Despite the overall production decrease, bitcoin production per day was up 4% on a month-over-month basis.
“Blocks won and bitcoin production decreased by 6% month-over-month, primarily due to a higher network difficulty level and three fewer operational days,” said Fred Thiel, chairman and CEO of MARA Holdings.
“Our …
