Marathon Digital Holdings, Inc.

Marathon Digital Holdings, Inc.

MARA
Marathon Digital Holdings, Inc.US flagNASDAQ Capital Market
14.08
USD
+0.47
- -
5.37BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.94
29.37
21.37
38.61
0.32
0.29
0.18
0.05
1.6
1.04
2.11
2.26
2.55
2.34
Basic EPS, GAAP
-6
-4.33
-19.08
-30.22
-19.22
-2.41
-0.53
-0.13
-0.3
-6.12
1.42
1.87
-3.69
-5.49
Free Cash Flow per Basic Share
-8.14
-4.69
-3.4
6.83
-6.63
-2.58
-0.5
-0.31
-2.95
-1.92
-1.87
-3.21
-3.41
-3.46
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-18.22
-16.93
-32.97
-61.08
-54.75
-19.2
-15.85
-1.43
-1.55
-7.41
-3.09
-0.09
-3.77
-7
Tangible Book Value per Share
6.72
-32.94
-19.44
-23.01
4.53
0.33
0.39
3.82
6.86
3.4
8.79
13.97
9.79
5.93
Basic Weighted Avg Shares
1
1
1
1
2
5
7
81
99
113
184
290
355
371
Sales/Revenue/Turnover
3
21
19
37
1
2
1
4
159
118
388
656
907
868
Operating Margin (%)
-107.52
-18.98
-104.79
1.94
-2,209.29
-630.69
-319.88
-205.69
-36.18
-98.97
-28.53
-71.24
-90.64
-104.46
Depreciation Expense
1
6
11
7
2
2
1
3
15
79
186
429
773
806
Net Income, GAAP
-3
-2
-17
-29
-31
-13
-4
-10
-30
-694
261
541
-1,311
-2,038
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.92
12.25
- -
43.94
Profit Margin (%)
-100.94
-8.79
-89.26
-78.26
-6,030.07
-820.18
-296.74
-239.8
-18.73
-589.39
67.4
82.46
-144.58
-234.8
Working Capital
4
-14
-12
-15
7
1
- -
285
673
251
996
375
142
280
LT Debt
- -
5
12
5
- -
- -
1
- -
728
783
326
2,473
3,246
2,263
Total Equity
12
24
13
-9
7
3
4
312
682
386
1,616
4,136
3,477
2,333
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-6.67
-9.58
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-181.64
49.97
- -
94.29
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
351
400
201
LT Borrowings
3,248
3,202
2,218
LT Finance Leases
43
44
45
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
379
379
381
Market Capitalization
6,655
3,250
3,027

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
962
664
611
Cash, Cash Equivalents & STI
826
547
514
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
459
522
331
Payables & Accruals
86
78
113
ST Debt
351
400
201
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
859.21%
106.82%
-15.93%
Free Cash Flow
131.81%
256.16%
30.02%
Net Income, GAAP
218.45%
408.12%
-342.3%
Sales/Revenue/Turnover
430.23%
772.74%
38.2%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
165
145
132
214
656
2025
214
238
252
202
907
2026
175
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.3
-0.72
-0.42
1.36
1.87
2025
-1.55
2.29
0.33
-4.51
-3.69
2026
-3.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Frederick G. Thiel
Full Time Employees
171
Sector
Financial Services
Industry
Financial - Capital Markets
Address
1180 North Town Center Drive Las Vegas NV United States of America 89144
IPO Date
May 4, 2012
Business
MARA Holdings, Inc. is a leading digital asset technology company primarily engaged in Bitcoin mining and digital infrastructure development. The company operates extensive mining facilities deploying advanced proprietary miner rigs; its core offerings include the production of Bitcoin through industrial-scale mining operations, ownership and management of data centers tailored for crypto mining and high-performance computing (HPC) workloads, and the development of AI-optimized private cloud infrastructure. Its portfolio includes energy-efficient mining equipment deployment, modular AI and HPC data centers, and vertically integrated power generation assets to reduce operating costs and enhance sustainability. MARA Holdings operates globally with mining and data center facilities across North America, Europe, and other continents, supporting operations in the United States, Canada, Finland, and Europe, with headquarters in Las Vegas, Nevada. Founded in 2010, the company focuses on integrating energy management with digital asset mining and expanding into AI inference and sovereign compute markets. Recently, MARA Holdings has pursued a strategic shift from solely Bitcoin mining toward becoming a vertically integrated digital infrastructure leader. Key recent developments include acquiring a majority stake in Exaion, EDF's AI and data center subsidiary in Europe, to expand AI-optimized private cloud capabilities and bolster high-performance compute offerings. The company also announced a strategic partnership with MPLX to develop power generation facilities and scalable data centers in West Texas, with initial capacity starting at 400 megawatts and expansion planned to 1.5 gigawatts. Additionally, MARA deepened collaborations with technology firms like TAE Power Solutions and Pato AI to co-develop grid-responsive load balancing platforms, supporting transition and load management between Bitcoin mining and AI workloads. Operationally, MARA has scaled its Bitcoin production capacity to a hashrate of over 57 exahashes per second in 2025, achieved substantial improvements in mining efficiency, and increased its Bitcoin treasury holdings significantly. The company prioritizes renewable energy use, sustainable data center heat reuse programs (e.g., in Finland), and infrastructure scalability targeting a 50/50 revenue split between U.S. and international markets by 2028. MARA Holdings continues capital raising and infrastructure expansion efforts, amassing over $5 billion in treasury reserves for digital infrastructure and AI data center investments. MARA Holdings operates within the digital asset mining, renewable energy, and high-performance computing infrastructure industries. Its customer base includes institutional investors, technology firms seeking AI and HPC compute capacity, and energy partners. The company is publicly traded under the ticker MARA on the Nasdaq exchange. Its principal subsidiaries encompass Exaion and various mining and data center operations across four continents, enhancing its footprint in Bitcoin mining, AI, and energy infrastructure. This positions MARA as a transformative player in the intersection of blockchain technology, renewable energy, and AI-enabled computing infrastructure.

Company News

MCPAPIChat
  • MARA Holdings: French Government Validation Accelerates The AI Infrastructure Pivot

  • Marathon Digital Holdings, Inc. (MARA) Declines More Than Market: Some Information for Investors

  • Marathon Digital (MARA) Up 4.6% Since Last Earnings Report: Can It Continue?

  • A Look at MARA Holdings Inc (MARA) After 11.8% Gain -- GF Value $16.78 vs Price $13.78

  • Strategy, Coinbase, Circle and Robinhood Lead Crypto Stocks Rally Amid Bitcoin Rebound

  • Texas grid flags risks as data centers, crypto sites fail voltage tests

  • MARA: A $1.5 Billion Acquisition Just Transformed Its Identity

  • Bitcoin set to slump to new lows for 2026 after recent sell-off, traders forecast

  • Stock Market Today, June 1: HIVE Digital Rises Ahead of Results as Analyst Backs AI Data Center Push

  • Why A 24-Year-Old AI Wunderkind Is Betting Big On Bitcoin Miners

  • Marathon Digital Bets Its Bitcoin Mining Power Assets Can Fuel AI Data Center Growth

  • Strategy Relies More on Bitcoin: Are Core Revenues Losing Momentum?

  • MARA Holdings Inc (MARA) Stock Up 3.0% and Still Undervalued -- GF Score: 64/100

  • A Look at MARA Holdings Inc (MARA) After 5.7% Gain -- GF Value $16.71 vs Price $13.15

  • MARA Announces Expiration and Results of the Consent Solicitation for the 8.750% Senior Secured Notes due 2032 of Long Ridge Energy LLC

  • MARA Announces Expiration and Results of the Consent Solicitation for the 8.750% Senior Secured Notes due 2032 of Long Ridge Energy LLC

  • MARA Barely Moves Since Missing Q1 Earnings & Revenue Estimates

  • Coinbase Spikes 10%, Strategy Rallies 7%, Marathon Rises 6% as Crypto Stocks Catch Regulatory Tailwind

  • Why Mara Holdings Stock Slumped by 5% Today

  • Marathon Digital Q1 Earnings Call Highlights