MARA moves 1,318 BTC in 10 hours

In Arkham, MARA transferred a whopping 653.773 BTC worth $42.01 million in one transfer to lending and trading firm Two Prime. Minutes later, a small amount of 8.999 BTC, worth about $578,000, was sent to the same two main account addresses.

A separate chunk of about 300 BTC was split into two transactions for roughly $20.4 million and sent to crypto guardian Bitgo-connected wallets.

MARA also moved 305 BTC to a new wallet address, worth $20.72 million.

Hard times for BTC miners

Bitcoin has been falling sharply lately and is currently hovering above $63,000 at the time of writing, its lowest level since October 2024.

The attack has damaged Bitcoin mines, making them much less economical. Bloomberg reported Thursday that mining revenue per unit of computing power, called the Hash Price Index, has dropped to around 3 cents for each terahash.

According to NewHedge research, fortnightly mining claims are set to drop by more than 13 percent, the biggest drop since China banned mining in 2021.

As a result, the share of major BTC miners fell. MARA Holdings fell more than 18 percent, while CleanSpark Inc and Riot Platforms Inc fell 19.13 and 14.7 percent, respectively.

MARA business under pressure – here's why

Mara's stock is down more than 30% in the past 5 days and 34% in the past month, according to Google Finance.

The company's share performance is linked to MARA's latest insider trading report. On January 30, 2026, 14,301 shares of common stock were issued at $9.50 per share on a per share basis to cover tax liabilities, according to StockTitan data.

In addition to the Bitcoin market crash, miners are facing rising energy costs due to the winter storm that swept across the US in late January.

In addition, power-rich BTC mining centers in Texas and Tennessee have experienced power outages.

“It's due to a combination of both sales and winter storms,” ​​Harry Suddock, head of business at CleanSpark, told Bloomberg.