10 Worst Performing Crypto Stocks to Buy Now

8. MARA Holdings, Inc. (NASDAQ:MARA)

Year-to-Date Performance: -14.82%

Number of Hedge Fund Holders: 21

MARA Holdings, Inc. (NASDAQ:MARA) is an American digital asset technology company that is primarily focused on energy generation and Bitcoin mining. The company develops and deploys advanced digital asset compute technology to improve the efficiency of the crypto mining process. MARA Holdings, Inc. (NASDAQ:MARA) is one of the worst-performing stocks in the crypto space.

The company is focused on expanding its mining capacity in 2025 as it aims to strengthen its position in the Bitcoin mining industry. MARA Holdings, Inc. (NASDAQ:MARA) has been actively expanding its mining capacity through acquisitions and site developments. Following the end of Q3 2024, the company added 372 megawatts of mining capacity in Ohio with an acquisition of a 222-megawatt site, in addition to securing greenfield site development of 150-megawatt. Additionally, on February 18, 2025, MARA Holdings, Inc. (NASDAQ:MARA) closed its acquisition of a wind farm in Hansford County, Texas. This acquisition adds 240 megawatts of interconnection capacity and 114 megawatts of nameplate wind capacity. MARA Holdings, Inc. (NASDAQ:MARA) plans to use this renewable energy to power its mining operations and reduce Bitcoin production costs by utilizing last-generation ASIC mining hardware that would otherwise be discarded.