Marathon Digital, which operates in the field of cryptocurrency mining, transferred 1,318 BTC with a total value of $ 86.9 million in the last 10 hours. This large-scale transaction from the company coincided with the Bitcoin price falling to 64 thousand dollars.
Details of Transfers
Marathon Digital is known as one of the large-scale Bitcoin producers, primarily in the USA. According to the information provided, the company directed 653.7 BTC to Two Prime, which provides financial services, approximately 300 BTC to BitGo, which provides digital asset custody services, and 305 BTC to a new wallet address. While the transactions were carried out with two main transfers, small amounts were additionally transferred to Two Prime.
According to the details of the asset transfers in question, while the first transactions made to Two Prime reached the level of 42.01 million dollars at once, a few minutes later, another transfer of approximately 579 thousand dollars was made to the same address. Transfers to the wallet linked to BitGo were worth approximately $20.4 million.
The fact that these successive transfers by Marathon Digital came especially after the decline in value in the Bitcoin market attracted attention in the industry.
Bitcoin Miners Are Going Through a Challenging Period
Bitcoin, which has fallen sharply recently, is moving at its lowest levels since October 2024. As prices fell to the 63 thousand dollar range, profitability for miners also decreased significantly.
While revenues from mining on the Bitcoin network have declined significantly, the hash price index has fallen to around 3 cents per terahash. According to research, a decrease in mining difficulty of more than 13 percent is expected in the coming days, which is considered one of the largest decreases since China banned mining in 2021.
Following market developments, there were also significant declines in the shares of leading Bitcoin miners. While Marathon Digital’s shares lost more than 18 percent in value, CleanSpark Inc and Riot Platforms Inc’s shares also fell by more than 19 percent and 14 percent, respectively.
Company Shares and Economic Factors
Marathon Digital shares have lost more than 30 percent in the last five days and nearly 34 percent in the last month. It was reported that not only the fluctuation in Bitcoin prices but also the company’s share movements were effective in these declines. On January 30, 2026, 14,301 shares of senior executives were held at $9.50 to cover taxes on share-based payments.
Experts close to the company state that not only the decline in the market, but also increased energy costs due to winter storms across the USA and power outages in some states put pressure on mining activities.
It was noted that short-term power outages, especially in Texas and Tennessee, which are the centers of energy-intensive mining activities, also had an impact on companies’ revenues. It has been observed that difficulties for Marathon Digital and similar miners have increased recently due to a combination of both sector and external economic factors.
