Riot Blockchain (RIOT) and Marathon Digital (MARA) are among the leading crypto mining companies and both have accumulated large holdings in Bitcoin (BTC). The companies make money when they can sell Bitcoin for more than the cost of mining it. However, the plunging cryptocurrency market has complicated these companies’ business models. Riot and Marathon stocks fell more than 10% on June 13 amid an intense crypto selloff that pushed Bitcoin below levels not seen since 2020. The stocks have plunged about 80% year-to-date.
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