In 2024, the shares of Riot and Marathon experienced significant declines. Riot's shares dropped by 53%, while Marathon's fell by 44%.
Stock Decline
The shares of Riot Platforms and Marathon Digital saw significant losses in 2024. Riot's shares dropped by 53% in value, while Marathon's shares fell by 44%.
Causes of Decline
Analysts attribute the decline to several factors, including reduced mining profitability due to increased network difficulty and the lack of the expected Bitcoin price surge post-halving. Rising interest rates have also made other investments more attractive to investors.
Survival Strategies
Companies are seeking new survival strategies in the current conditions. These include cost reduction and exploring additional revenue sources. Investors remain cautious due to the volatility of the cryptocurrency market.
Despite the significant challenges faced by Riot and Marathon in 2024, they continue to look for ways to improve efficiency and profitability amid high market volatility.
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