🔴 Marathon Digital Holdings is trading 10% down today as mining-profitability concerns pressure miners

Marathon Digital Holdings is trading at $10.68 (-10.07%) as mining-profitability concerns pressure crypto-mining equities.

• It is underperforming Bitcoin, which has declined 2.62% since the August 27 close.
• The weakness is broader across crypto-mining equities, not a broad-market selloff; major U.S. indexes are only modestly lower.
• Concerns include crypto-linked balance-sheet risk; the August 28 decline reverses part of the prior session’s 5.79% gain.