Bitcoin miner Marathon Digital (MARA) has transferred 1,318 BTC, price $86.9 million, in 10 hours as Bitcoin slumps to $64K. The miner moved to a mixture of three crypto wallets, on-chain knowledge revealed.
The Bitcoin mining agency #MARA transferred 1,318 $BTC($86.89M) to Two Prime, BitGo, and Galaxy Digital prior to now 10 hours.https://t.co/9DlN5ZPsBz pic.twitter.com/ubPZM5iwWi
— Lookonchain (@lookonchain) February 6, 2026
Per Arkham, MARA moved a big chunk of 653.773 BTC to credit score and buying and selling agency Two Prime, price about $42.01 million in a single switch. Minutes later, a smaller quantity of 8.999 BTC, price about $578,000, was despatched to the identical Two Prime-tagged tackle.
A separate chunk of about 300 BTC was despatched to crypto custodian BitGo-linked pockets, break up into two transactions, price roughly $20.4 million on the time.
Moreover, MARA additionally moved 305 BTC to a contemporary pockets tackle, valued at $20.72 million.
Robust Interval for BTC Miners
Bitcoin has been crashing so arduous within the current previous and is now hovering simply above $63,000 on the time of writing, its lowest ranges since October 2024.
The plunge has taken a toll on Bitcoin miners, making it far much less economical for them. Bloomberg reported Thursday that the mining income worth per unit of computing energy, known as the hash value index, has dropped to round 3 cents for every terahash.
Newhedge analysis notes {that a} biweekly determine mining problem is about to drop by over 13%, one of many largest decreases since China banned mining in 2021.
Because of this, shares of main BTC miners tumbled. MARA Holdings slumped greater than 18%, whereas CleanSpark Inc and Riot Platforms Inc fell 19.13 and 14.7%, respectively.
MARA Buying and selling Below Stress – Right here’s Why
MARA inventory is down over 30% prior to now 5 days, and 34% within the final month, based on Google Finance.
The corporate’s share efficiency can also be tied to MARA’s newest insider share transactions report. On January 30, 2026, 14,301 shares of widespread inventory have been withheld at $9.50 per share to cowl his tax legal responsibility upon vesting of restricted inventory items, per Inventory Titan knowledge.
Aside from the headwind from the Bitcoin market downturn, miners have been going through rising energy prices largely because of winter storms throughout the US in late January.
Additional, energy-rich BTC mining hubs in Texas and Tennessee confronted energy outages.
“It’s because of the mixture of each the sell-off and winter storms,” Harry Sudock, chief enterprise officer at CleanSpark, informed Bloomberg.
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