Marathon Digital Holdings, Inc. (MARA) in Las Vegas, Nev., operates as a digital asset technology company that mines cryptocurrencies, emphasizing the blockchain ecosystem and the generation of digital assets. HIVE Blockchain Technologies Ltd. Vancouver, Canada-based (HIVE), in comparison, functions as a cryptocurrency mining company in Canada, Sweden, and Iceland.
Recently, investors have retreated from cryptocurrencies on concerns over the Federal Reserve’s interest rate increases to control soaring inflation, and a weakening economic outlook. Last month, Bitcoin fell below $26,000 for the first time in 16 months, amid a broader sell-off that erased more than $200 billion from the crypto market in a single day.
