Shares of crypto-related stocks, including Marathon Digital Holdings Inc. (NASDAQ: MARA), Blockchain Riot Inc (NASDAQ: RIOT) and Coinbase Global, Inc. (NASDAQ:COIN), are all trading lower in sympathy with the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Bitcoin is trading down 4% to around $41,900 on Thursday afternoon.
Ethereum is trading down 2.8% to around $2,970 on Thursday afternoon.
Shares of technology and software companies are also trading lower amid overall market weakness. Stocks across all sectors have sold off in recent sessions amid Russian-Ukrainian tensions.
Marathon Digital focuses on mining digital assets. It has cryptocurrency mining machines and a data center to mine digital assets. The Company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.
Marathon Digital is trading down 5.1% at $26.95 per share.
Riot Blockchain is focused on building, supporting, and operating blockchain technologies. The Company’s portfolio consists of Verady, Tesspay, Coinsquare and others.
Riot Blockchain is trading down 5.8% at $18.45 per share.
Coinbase Global provides financial infrastructure and technology for the cryptoeconomy.
Coinbase is trading down 6% at $195.56 per share.