Marathon Digital Lost $1.7 Billion This Quarter Because of Bitcoin's Price Drop One of the biggest Bitcoin miners in the world just posted a loss that could fund a small country. #Marathon Digital reported a $1.7 billion loss in Q1 2025. The culprit? Bitcoin's price crash from $102,000 in January to $83,000 by March. Here's the twist - Marathon actually mined more #Bitcoin than ever before. They pulled in 2,906 BTC in Q1, up from 2,811 the quarter before. Their mining operation is humming along just fine. But when you're holding 44,893 BTC on your balance sheet and the price tanks 20%, your paper losses are absolutely brutal. This is the risk of the HODL strategy at scale. Marathon isn't selling. They're stacking sats and eating the volatility. Most companies would panic. Marathon is playing the long game.