![](\"https:\/\/247wallst.com\/wp-content\/uploads\/2022\/06\/BTC-MINERS-6-22.png?w=645\")
Source: arcane research<\/span><\/p>\nAs of May, Marathon was the largest holder (or hodler) of bitcoin with 9,673 BTC in its hoard. Core Scientific was second with 9,618, followed by Hut 8 (6,769), Riot (6,320), Bitfarms (5,648), Hive (2,832) and CleanSpark (448).<\/p>\n
Marathon, which in December had touted itself as the only pure-play bitcoin investment, purchased 4,813 bitcoin on the open market to add to their pile. Marathon, Bitfarms and some others had until recently never sold any of the bitcoin they mined. Raising equity and debt to pay operating expenses was easy.<\/p>\n
Since the market for tech stocks started its slide late last year, the easy money mostly has disappeared, the profit per coin has tumbled, and one miner, Bitfarms, sold almost half its bitcoin stash (3,000) last week, cutting its holdings to 3,349 bitcoin, including June production to date.<\/p>\n
Here is a quick look at how mining stocks have done over the past year.<\/p>\n
Core Scientific\u2019s 52-week trading range is $1.97 to $14.98. The stock has dropped by about 77% in the past year and recently traded at around $2.21, down 4.5% for the day.<\/p>\n
Riot Blockchain\u2019s 52-week range is $4.36 to $46.28. The stock has dropped by nearly 85% in the past year and recently traded at around $4.90, down nearly 4% for the day.<\/p>\n
Bitfarms\u2019s 52-week range is $1.28 to $9.36. The stock has dropped by about 66% in the past year and recently traded at around $1.39, down 0.4% for the day.<\/p>\n
CleanSpark\u2019s 52-week range is $4.06 to $23.6. The stock has dropped by nearly 72% in the past year and recently traded at around $4.70, down 0.6% for the day.<\/p>\n
Hut 8\u2019s 52-week range is $1.52 to $16.57. The stock has dropped by about 54% in the past year and recently traded at around $1.64, down 0.3% for the day.<\/p>\n
Hive Blockchain\u2019s 52-week range is $4.36 to $46.28. The stock has dropped by about 73% in the past year and recently traded at around $3.05, down 0.9% for the day.<\/p>\n
Marathon Digital\u2019s 52- week range is $6.12 to $83.45. The stock has dropped by nearly 74% in the past year and recently traded at around $7.16, down about 0.9% for the day.<\/p>\n
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