We recently published 10 Big Names Investors Are Dumping. MARA Holdings, Inc. (NASDAQ:MARA) is one of the companies that heavily bled in Thursday’s trading.

MARA Holdings, Inc. (NASDAQ:MARA) declined for a third straight day on Thursday, shedding 8.90 percent to finish at $16.07 apiece, as investors sold off positions following the drop in prices of Bitcoin.

As of writing, Bitcoin—highly sensitive to macroeconomic trends—slashed 3.66 percent of its value to $109,181 apiece. Traders appeared to have parked funds in anticipation of the US inflation data for August that would determine the Federal Reserve’s decisions on interest rates.

The US central bank expects headline inflation to register in line or below economists’ forecast of 2.8 percent for the year.

Meanwhile, MARA Holdings, Inc. (NASDAQ:MARA) announced earlier this year that it was looking to capitalize on the booming artificial intelligence sector through the development of data centers.

Additionally, MARA Holdings, Inc. (NASDAQ:MARA) was exploring ways to acquire wind farms as it seeks access to renewable energy to reduce its Bitcoin mining costs. It already owns 1.7 gigawatts of capacity, with a pipeline for multi-gigawatt expansion.

While we acknowledge the potential of MARA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.