Bitcoin is down to around $21,000 after the recent crypto selloff due to Fed rate hike fears.Marathon Digital became the first North American Bitcoin miner to hold over 10,000 BTC on its balance sheet.I'm pivoting to undervalued growth stocks during the current bearish downtrend.After Bitcoin recently crashed, I decided to move some funds into my favorite crypto mining stock, Marathon Digital Holdings (MARA).Bitcoin sold off recently due to rate hike fears after investors received the July 2022 Fed minutes notes.I'm extremely bullish on Bitcoin & blockchain technology in the long run and don't mind picking up MARA stock at a discount.While most BTC miners have sold off their Bitcoin to keep the lights on, I was impressed by Marathon's die-hard HODL strategy in the company's most recent Q2 quarterly report.In this article, I'll provide a thorough update on Marathon Digital's business and give several reasons why I bought back into Marathon Digital stock.Q2 Business UpdateMy MARA stock article talked extensively about why the 2024 Bitcoin halving is such an important event. Now, I want to shift gears and cover how Marathon is doing after reading their latest Q2 2022 quarterly report.The company suffered a massive drop in Bitcoin production due to the Montana mining facility shut down in July. A massive storm struck the town of Hardin, Montana on June 11th and caused 75% of Marathon's miner to go offline. The company lost nea...
