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MARA Bitcoin Miner Transfers 1,318 BTC in 10 Hours, Traders Cautious of Potential Miner Liquidation
Bitcoin miner Marathon Digital (MARA) has moved 1,318 BTC, valued at $86.9 million, within a span of 10 hours as Bitcoin declines to $64K. The miner distributed the funds across a combination of three cryptocurrency wallets, according to on-chain data.
The Bitcoin mining company #MARA transferred 1,318 $BTC($86.89M) to Two Prime, BitGo, and Galaxy Digital in the last 10 hours.https://t.co/9DlN5ZPsBz pic.twitter.com/ubPZM5iwWi
— Lookonchain (@lookonchain) February 6, 2026
According to Arkham, MARA transferred a significant portion of 653.773 BTC to the credit and trading firm Two Prime, amounting to approximately $42.01 million in a single transaction. Shortly thereafter, a smaller quantity of 8.999 BTC, valued at around $578,000, was sent to the same address associated with Two Prime.
An additional amount of about 300 BTC was directed to a wallet linked to crypto custodian BitGo, divided into two transactions, worth nearly $20.4 million at that time.
Moreover, MARA also transferred 305 BTC to a new wallet address, estimated at $20.72 million.
Difficult Times for BTC Miners
Bitcoin has experienced a significant downturn recently and is currently trading just above $63,000, marking its lowest point since October 2024.
This decline has adversely affected Bitcoin miners, rendering operations considerably less profitable. Bloomberg reported on Thursday that the mining revenue per unit of computing power, known as the hash price index, has fallen to approximately 3 cents for each terahash.
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Research from Newhedge indicates that the biweekly mining difficulty is projected to decrease by over 13%, representing one of the most substantial reductions since China imposed a ban on mining in 2021.
Consequently, shares of major BTC mining companies have plummeted. MARA Holdings dropped more than 18%, while CleanSpark Inc and Riot Platforms Inc saw declines of 19.13% and 14.7%, respectively.
MARA Stock Facing Challenges – Here’s Why
MARA’s stock has decreased by over 30% in the past five days and 34% over the last month, as reported by Google Finance.
The company’s stock performance is also linked to MARA’s recent insider share transactions report. On January 30, 2026, 14,301 shares of common stock were withheld at $9.50 per share to meet tax obligations upon the vesting of restricted stock units, according to Stock Titan data.
In addition to the challenges posed by the downturn in the Bitcoin market, miners are contending with escalating power costs primarily due to winter storms that impacted the US in late January.
Furthermore, energy-rich BTC mining regions in Texas and Tennessee experienced power outages.
“It is due to the combination of both the sell-off and winter storms,” stated Harry Sudock, chief business officer at CleanSpark, in an interview with Bloomberg.
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