🔴 Marathon Digital Holdings is trading 5% down today as Bitcoin remains below miners’ $85,000 production-cost threshold

Marathon Digital Holdings is trading 4.95% down at $12.28, apparently pressured by Bitcoin remaining below miners’ estimated production-cost threshold.

• The stock underperformed a broadly stronger market; Bitcoin fell 0.20% since the September 24 close at $84,061.57, while Ethereum rose 0.28%.
• JPMorgan identifies approximately $85,000 as a key production-cost threshold for Bitcoin miners; no new company-specific announcement or earnings catalyst was found for September 25, 2026, so the move appears sector-driven, with limited direct evidence of a Marathon-specific event.