Marathon Digital Holdings, Inc.

Marathon Digital Holdings, Inc.

MARA
Marathon Digital Holdings, Inc.US flagNASDAQ Capital Market
12.25
USD
-0.30
- -
4.67BMarket 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
2.13
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
-9.14
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
-3.28
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
17.75
28.14
13.64
-7.87
2.37
0.46
0.43
3.8
6.64
2.65
6.65
12.13
9.15
4.35
Tangible Book Value per Share
5.65
-27.85
-18.58
-18.68
2.37
0.28
0.3
3.79
6.63
2.65
6.65
11.88
9.15
4.01
Basic Weighted Avg Shares
1
1
1
1
2
5
7
81
99
113
184
290
355
378
Sales/Revenue/Turnover
3
21
19
37
1
2
1
4
159
118
388
656
907
804
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
-126.11
Depreciation Expense
1
6
11
7
2
2
1
3
15
79
186
429
773
819
Net Income, GAAP
-3
-2
-17
-29
-31
-13
-4
-10
-30
-694
261
541
-1,311
-3,456
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.92
12.25
- -
23.43
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
-429.68
Working Capital
4
-14
-12
-15
7
1
- -
285
673
251
996
375
142
-65
LT Debt
- -
5
12
5
- -
- -
1
- -
728
783
326
2,473
3,246
1,977
Total Equity
12
24
13
-9
7
3
4
312
682
386
1,616
4,136
3,477
1,759
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-6.67
-9.58
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
17.41
12.93
- -
14.61
Return on Common Equity (%)
-42.81
-17.31
-91.74
- -
- -
-248.6
-107.09
-6.63
-6
-129.96
26.09
18.84
-34.51
-107.11

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
400
201
489
LT Borrowings
3,202
2,218
1,932
LT Finance Leases
44
45
45
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
379
381
382
Market Capitalization
3,408
3,108
5,304

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
664
611
527
Cash, Cash Equivalents & STI
547
514
421
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
522
331
592
Payables & Accruals
78
113
85
ST Debt
400
201
489
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
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
-1.6
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

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

Company Description

CEO
Frederick G. Thiel
Full Time Employees
266
Sector
Financial Services
Industry
Financial - Capital Markets
Address
1010 South Federal Highway Hallandale Beach FL United States of America 33009
IPO Date
May 4, 2012
Website
mara.com
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

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  • Cathie Wood Dumps $60 Million in Crypto Stocks Days Before SEC's Game-Changing Exemption

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  • MARA Holdings Stock Gains Monday: What's Driving the Action?

  • Strategy Jumps 6% as Bitcoin Hits Highest Level Since January; MARA Climbs 5%, Riot Rises 4%

  • 5 Things to Know Before the Stock Market Opens on Monday

  • MARA (NASDAQ:MARA) Shares Up 13.7% – Should You Buy?

  • Bitcoin’s Production Cost Is $78,000. What Happens When Miners Lose Money?

  • MARA Holdings Just Rallied 21% in a Month: Take Profits, or Buy More?

  • Marathon Digital Holdings, Inc. (MARA) Suffers a Larger Drop Than the General Market: Key Insights

  • Top Performing Leveraged/Inverse ETFs: 09/13/2026

  • Clarity Act Vote Fails. Crypto Stocks, Bitcoin Tumble As Market Structure Stalls.

  • Coinbase Drops 6%, Strategy Slides 5%, MARA Holdings Slips 1% as Clarity Act Anxiety Builds

  • MARA Holdings, Inc. (MARA) Presents at H.C. Wainwright 28th Annual Global Investment Conference Transcript

  • MARA Sees Bitcoin Mining Assets as a Fast Track to AI Data Center Growth

  • Why Marathon Digital Holdings, Inc. (MARA) Dipped More Than Broader Market Today

  • Marathon Digital Holdings, Inc. (MARA) is Attracting Investor Attention: Here is What You Should Know