Marathon Digital shares fall 9.66% to $8.23 as AI pivot costs mount
- —MARA closed at $8.23, down 9.66% on the day and 26.78% over four weeks
- —VanEck estimates a $50 billion near-term funding gap for miners' AI buildout vs $221 billion long-term need
- —Only about 25% of contracted compute capacity has actually been delivered
- —Cipher Digital is issuing $850 million in convertible notes for its Barber Lake project
Why it matters: The market is repricing miners whose AI ambitions depend on capital that may not materialize, and weaker miner equities weigh on crypto treasury companies.
Source: TokenPost