Bitcoin Miners Hit by $6B Blow—What’s Driving the Collapse?

Bitcoin Miners Hit by $6B Blow—What’s Driving the Collapse?

Publicly traded Bitcoin miners lost nearly $6 billion in market value during March. The combined market capitalization of 14 leading mining firms dropped by around 25%. Investors responded to falling Bitcoin prices, rising mining difficulty, and ongoing operational challenges in the industry. MARA Faces Heavy Market Losses Amid Falling Bitcoin In March, Marathon Digital Holdings (MARA) recorded a 9% decrease in its stock value, bringing its mark…