Marathon Digital Holdings, Inc. (MARA)

US — Financial Services Sector
Peers: HUT  CLSK  BTBT  BITF  HIVE  RIOT  WULF 

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Key Metrics & Ratings

  • symbol MARA
  • Rev/Share 2.2624
  • Book/Share 13.5908
  • PB 1.1813
  • Debt/Equity 0.0003
  • CurrentRatio 0.5362
  • ROIC 0.0544

 

  • MktCap 5942146320.0
  • FreeCF/Share -4.3017
  • PFCF -3.9142
  • PE 8.3394
  • Debt/Assets 0.0002
  • DivYield 0
  • ROE 0.1752

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 4
  • DCF Score 1
  • P/B Score 3
  • D/E Score 4

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade MARA JP Morgan Neutral Overweight -- $22 July 28, 2025
Upgrade MARA Compass Point Sell Neutral -- $18 July 25, 2025
Downgrade MARA Compass Point Neutral Sell -- $9.5 May 6, 2025
Initiation MARA Rosenblatt -- Buy -- $19 March 7, 2025
Initiation MARA Piper Sandler -- Overweight -- $34 Dec. 17, 2024
Upgrade MARA JP Morgan Underweight Neutral $12 $23 Dec. 10, 2024
Initiation MARA Cantor Fitzgerald -- Overweight -- $21 Oct. 10, 2024
Initiation MARA Macquarie -- Outperform -- $22 Sept. 25, 2024

News

MARA Holdings: Bitcoin Stash Positions It For Substantial Upside
MARA
Published: July 30, 2025 by: Seeking Alpha
Sentiment: Positive

Marathon Digital (MARA) posted a massive EPS beat in Q2, driven by fair value gains on its expanding Bitcoin holdings. Despite muted market reaction, MARA's vertically integrated, global business model strengthens its cost efficiency and operational resilience. The company's BTC stash, acquired at a cost basis well below current prices, positions it for substantial upside if Bitcoin rallies further.

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image for news MARA Holdings: Bitcoin Stash Positions It For Substantial Upside
MARA Holdings, Inc. (MARA) Q2 2025 Earnings Call Transcript
MARA
Published: July 29, 2025 by: Seeking Alpha
Sentiment: Neutral

MARA Holdings, Inc. (NASDAQ:MARA ) Q2 2025 Earnings Conference Call July 29, 2025 5:00 PM ET Company Participants Frederick G. Thiel - CEO & Executive Chairman Robert Samuels - Vice President of Investor Relations Salman H.

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image for news MARA Holdings, Inc. (MARA) Q2 2025 Earnings Call Transcript
Marathon Digital Holdings, Inc. (MARA) Reports Q2 Loss, Tops Revenue Estimates
MARA
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Negative

Marathon Digital Holdings, Inc. (MARA) came out with a quarterly loss of $0.81 per share versus the Zacks Consensus Estimate of a loss of $0.53. This compares to a loss of $0.24 per share a year ago.

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image for news Marathon Digital Holdings, Inc. (MARA) Reports Q2 Loss, Tops Revenue Estimates
Live Coverage: Will Marathon Digital (MARA) Move Higher After 2Q Earnings?
MARA
Published: July 29, 2025 by: 24/7 Wall Street
Sentiment: Positive

Marathon Digital (Nasdaq: MARA) will report Q2 2025 earnings after the close, offering a key read on post-halving profitability and operational execution.

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image for news Live Coverage: Will Marathon Digital (MARA) Move Higher After 2Q Earnings?
Wall Street Analysts See Marathon Digital (MARA) as a Buy: Should You Invest?
MARA
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Negative

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

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image for news Wall Street Analysts See Marathon Digital (MARA) as a Buy: Should You Invest?
Should MARA Stock Be in Your Portfolio Pre-Q2 Earnings?
MARA
Published: July 28, 2025 by: Zacks Investment Research
Sentiment: Negative

MARA's Q2 revenues may jump 57.7%, but a wider loss and mixed past performance keep investor sentiment cautious.

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image for news Should MARA Stock Be in Your Portfolio Pre-Q2 Earnings?
Marathon Digital Holdings, Inc. (MARA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
MARA
Published: July 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Marathon Digital (MARA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Marathon Digital Holdings, Inc. (MARA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
MARA Schedules Conference Call for Second Quarter 2025 Financial Results
MARA
Published: July 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

Earnings Webcast and Conference Call Set for Tuesday, July 29, 2025 at 5:00 p.m. ET Miami, FL, July 21, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA ) ("MARA" or the "Company"), a leading digital energy and infrastructure company, will hold a webcast and conference call on Tuesday, July 29, 2025 at 5:00 p.m.

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image for news MARA Schedules Conference Call for Second Quarter 2025 Financial Results
As Bitcoin Hits New Highs, These 3 Stocks Could Explode
CLSK, MARA, RIOT
Published: July 21, 2025 by: MarketBeat
Sentiment: Positive

Studying financial history can be a significant advantage for investors seeking to gain an edge in today's market, especially as new hot asset classes emerge in terms of both popularity and price action, such as cryptocurrency and Bitcoin. Examining this new class and its hype can be compared to when gold or oil became the hottest commodities in the past financial markets, offering a valuable lesson.

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image for news As Bitcoin Hits New Highs, These 3 Stocks Could Explode
135 Public Companies That Hold Bitcoin — And Why It Matters
ARBK, ARLP, BITF, BKKT, BTBT, BTCM, CANG, CIFR, CLSK, COIN, CORZ, DGHI, DJT, GME, HIVE, HOOD, HUT, IREN, MARA, MELI, MSTR, NA, NCTY, RIOT, SMLR
Published: July 15, 2025 by: Schaeffers Research
Sentiment: Positive

Since the historic institutional pivot of 2020, Bitcoin has steadily made its way from fringe asset to mainstream corporate treasury tool.

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image for news 135 Public Companies That Hold Bitcoin — And Why It Matters
'Crypto Week' Stock Roundup: COIN, MARA, MSTR
MARA, MSTR, COIN
Published: July 14, 2025 by: Schaeffers Research
Sentiment: Neutral

In what lawmakers have dubbed 'crypto week,' the House of Representatives is weighing three crypto-related pieces of legislation: the GENIUS act , the Digital Asset Market Clarity Act, and the Anti-CBDC Surveillance State Act.

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image for news 'Crypto Week' Stock Roundup: COIN, MARA, MSTR
Investors Heavily Search Marathon Digital Holdings, Inc. (MARA): Here is What You Need to Know
MARA
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Marathon Digital (MARA). This makes it worthwhile to examine what the stock has in store.

Read More
image for news Investors Heavily Search Marathon Digital Holdings, Inc. (MARA): Here is What You Need to Know
MARA Holdings: Levered To Post-Halving Bitcoin Cycle
MARA
Published: July 02, 2025 by: Seeking Alpha
Sentiment: Positive

We initiate coverage on MARA Holdings with a Strong Buy and $44 price target, citing unmatched operational leverage to Bitcoin's next cycle and cost leadership. Our thesis is built on above-consensus revenue forecasts, driven by a 60 EH/s hash-rate ramp, low $0.04/kWh energy costs, and robust treasury BTC optionality. Valuation is compelling: MARA trades at a deep discount to historical and peer multiples, with 180% upside justified by macro tailwinds and post-halving expansion.

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image for news MARA Holdings: Levered To Post-Halving Bitcoin Cycle
5 Crypto-Centric Stocks in Focus on Recent Positive Developments
COIN, HOOD, HUT, IREN, MARA
Published: June 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Crypto stocks COIN, HOOD, HUT, IREN, MARA rally as Trump's ceasefire deal, a new Senate bill to reduce SEC oversight and stablecoin bill fuel sector optimism.

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image for news 5 Crypto-Centric Stocks in Focus on Recent Positive Developments
IonQ ($IONQ) | Nextracker ($NXT) | MARA Holdings ($MARA) | QuantumScape ($QS)
IONQ, MARA, NXT, QS
Published: June 25, 2025 by: Green Stock News
Sentiment: Positive

Welcome to the Green Stock News brief for Wednesday June 25th. Here are today's top headlines: IonQ (NYSE: IONQ) has achieved the first known quantum computer simulation of double-beta decay, a rare nuclear process that could help explain the universe's imbalance between matter and antimatter.

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image for news IonQ ($IONQ) | Nextracker ($NXT) | MARA Holdings ($MARA) | QuantumScape ($QS)
Marathon Digital Holdings, Inc. (MARA) Registers a Bigger Fall Than the Market: Important Facts to Note
MARA
Published: June 20, 2025 by: Zacks Investment Research
Sentiment: Neutral

Marathon Digital Holdings, Inc. (MARA) concluded the recent trading session at $14.32, signifying a -1.17% move from its prior day's close.

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image for news Marathon Digital Holdings, Inc. (MARA) Registers a Bigger Fall Than the Market: Important Facts to Note
Strategy vs. MARA Holdings: Which Bitcoin-Focused Stock Has an Edge?
MARA, MSTR
Published: June 20, 2025 by: Zacks Investment Research
Sentiment: Positive

The increasing acceptance of Bitcoin as a store of value benefits MSTR and MARA. Find out which stock is leading now.

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image for news Strategy vs. MARA Holdings: Which Bitcoin-Focused Stock Has an Edge?
Buy MARA Holdings For Its Bitcoin And Get The Mining Business 'For Free'
MARA
Published: June 12, 2025 by: Seeking Alpha
Sentiment: Positive

MARA's market cap is nearly matched by its $5.42 billion Bitcoin holdings, meaning investors value the mining business at a discount. MARA's mining operation, adds more value annually in Bitcoin to the balance sheet than what the market appears to be valuing it. Investors can capture upside through new BTC mined monthly, valuation expansion in the mining business, or a BTC rally boosting existing BTC holdings.

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image for news Buy MARA Holdings For Its Bitcoin And Get The Mining Business 'For Free'
Marathon Digital Holdings, Inc. (MARA) is Attracting Investor Attention: Here is What You Should Know
MARA
Published: June 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Marathon Digital (MARA). This makes it worthwhile to examine what the stock has in store.

Read More
image for news Marathon Digital Holdings, Inc. (MARA) is Attracting Investor Attention: Here is What You Should Know
Best Cryptocurrency and Blockchain Stocks to Power Up Your Portfolio
CME, MARA, MSTR
Published: June 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Here, we discuss three stocks, CME, MARA and MSTR, which are well-poised to benefit from the growing proliferation of Bitcoin and other cryptocurrencies.

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image for news Best Cryptocurrency and Blockchain Stocks to Power Up Your Portfolio
MARA Announces Bitcoin Production and Mining Operation Updates for May 2025
MARA
Published: June 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

Record High 282 Blocks Earned in May, 38% Increase M/M 950 Bitcoin Produced, 35% Increase M/M Increased BTC Holdings* to 49,179 BTC

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image for news MARA Announces Bitcoin Production and Mining Operation Updates for May 2025
Marathon Digital Holdings, Inc. (MARA) Is a Trending Stock: Facts to Know Before Betting on It
MARA
Published: May 29, 2025 by: Zacks Investment Research
Sentiment: Positive

Marathon Digital (MARA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Marathon Digital Holdings, Inc. (MARA) Is a Trending Stock: Facts to Know Before Betting on It
MARA Holdings: An Intriguing Combination Of Bitcoin Treasury And Efficient Mining
MARA
Published: May 27, 2025 by: Seeking Alpha
Sentiment: Positive

MARA first seems like a lite version of Strategy (MSTR)

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image for news MARA Holdings: An Intriguing Combination Of Bitcoin Treasury And Efficient Mining
3 Crypto Stocks Rising as Bitcoin Breaks Records
MARA, MSTR, RIOT
Published: May 22, 2025 by: Schaeffers Research
Sentiment: Positive

Cryptocurrency-adjacent stocks are in the spotlight today, after Bitcoin (BTC) nabbed a record peak earlier.

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image for news 3 Crypto Stocks Rising as Bitcoin Breaks Records
Investors Heavily Search Marathon Digital Holdings, Inc. (MARA): Here is What You Need to Know
MARA
Published: May 15, 2025 by: Zacks Investment Research
Sentiment: Positive

Marathon Digital (MARA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Investors Heavily Search Marathon Digital Holdings, Inc. (MARA): Here is What You Need to Know
MARA Holdings Stock Gains 12% Despite Reporting a Q1 Loss
MARA
Published: May 13, 2025 by: Zacks Investment Research
Sentiment: Positive

MARA's loss widened in the first quarter of 2025 compared to the prior year.

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image for news MARA Holdings Stock Gains 12% Despite Reporting a Q1 Loss
MARA Holdings' Uptrend Is Already Underway
MARA
Published: May 09, 2025 by: Seeking Alpha
Sentiment: Positive

MARA Holdings posted worse-than-expected Q1 results, but recent accounting rule changes make GAAP earnings for Bitcoin miners noisy and not particularly meaningful. Despite the noisy earnings, MARA's chart patterns and Bitcoin's bullish price action indicate a buying opportunity, with both moving averages sloping upward. MARA's revenue increased by 30% YoY, and its fleet efficiency is rising, but it may be losing market share in Bitcoin mining.

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image for news MARA Holdings' Uptrend Is Already Underway
'UP, UP AND AWAY': Crypto soars after Trump's UK trade deal
COIN, HUT, MARA, MSTR, RIOT
Published: May 08, 2025 by: Fox Business
Sentiment: Positive

'The Big Money Show' panel discusses the impact of President Donald Trump's U.K. trade deal on cryptocurrency.

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image for news 'UP, UP AND AWAY': Crypto soars after Trump's UK trade deal
10 Stocks Reporting Earnings Today With Up To 74% Upside
AFRM, COIN, DKNG, INOD, MARA, NET, RKLB, SOUN, TTD, WOLF
Published: May 08, 2025 by: 24/7 Wall Street
Sentiment: Positive

Earnings season is in full swing with hundreds of stocks scheduled to report results after the closing bell.

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image for news 10 Stocks Reporting Earnings Today With Up To 74% Upside
COIN Vs. MARA: Which Crypto Stock Chart Has The Bullish Edge Before Q1 Earnings Drop?
MARA
Published: May 08, 2025 by: Benzinga
Sentiment: Neutral

As Coinbase Global Inc. COIN and MARA Holdings Inc. MARA prepare to report their earnings beats—or blunders—after the bell Thursday, investors are scanning the charts like hawks.

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image for news COIN Vs. MARA: Which Crypto Stock Chart Has The Bullish Edge Before Q1 Earnings Drop?

About Marathon Digital Holdings, Inc. (MARA)

  • IPO Date 2012-05-04
  • Website https://www.marathondh.com
  • Industry Financial - Capital Markets
  • CEO Frederick G. Thiel
  • Employees 171

Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada.