Marathon Digital Holdings, Inc. (MARA)

US — Financial Services Sector
Peers: OBDC  WULF  PFSI  PNFP  MKTX  VIRT  OTF  BMNR  BOKF  PIPR 

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Key Metrics & Ratings

  • symbol MARA
  • Rev/Share 2.4704
  • Book/Share 11.3233
  • PB 0.8302
  • Debt/Equity 0.0003
  • CurrentRatio 2.094
  • ROIC -0.032

 

  • MktCap 4352901903.0
  • FreeCF/Share -3.5562
  • PFCF -3.2898
  • PE 4.6213
  • Debt/Assets 0.0002
  • DivYield 0
  • ROE 0.2082

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 3
  • DCF Score 1
  • P/B Score 2
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation MARA Guggenheim -- Neutral -- -- Oct. 21, 2025
Resumed MARA Compass Point -- Neutral -- $18 Sept. 15, 2025
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 Slump Is A Buying Opportunity (Rating Upgrade)
MARA
Published: November 18, 2025 by: Seeking Alpha
Sentiment: Positive

MARA reported strong Q3 financial and operational results, with 92% YoY revenue growth and significant efficiency improvements. Despite recent Bitcoin weakness impacting MARA's stock and Q4 outlook, current capacity and operational metrics remain robust, supporting long-term resilience. MARA is expanding into AI and HPC, leveraging its compute assets to diversify growth beyond crypto mining and tap into a trillion-dollar market opportunity.

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image for news MARA Holdings: Bitcoin Slump Is A Buying Opportunity (Rating Upgrade)
Marathon Digital Holdings, Inc. (MARA) Is a Trending Stock: Facts to Know Before Betting on It
MARA
Published: November 13, 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.

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image for news Marathon Digital Holdings, Inc. (MARA) Is a Trending Stock: Facts to Know Before Betting on It
Is MARA Holdings Stock Still a Buy After a Post-Earnings Drop?
MARA
Published: November 11, 2025 by: Zacks Investment Research
Sentiment: Neutral

MARA posts strong revenue growth and bold AI expansion, but mounting losses and valuation concerns keep the stock under pressure.

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image for news Is MARA Holdings Stock Still a Buy After a Post-Earnings Drop?
Is It Worth Investing in Marathon Digital (MARA) Based on Wall Street's Bullish Views?
MARA
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

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image for news Is It Worth Investing in Marathon Digital (MARA) Based on Wall Street's Bullish Views?
Eyes On Q3: The AI Catalyst That Could Wake Up Markets On MARA Holdings
MARA
Published: October 29, 2025 by: Seeking Alpha
Sentiment: Positive

MARA Holdings has lagged peers YTD, while IREN quintupled on its AI pivot. I see it as an asymmetric bet, wrongly seen by the market as a Bitcoin treasury play. At a 1.20x mNAV premium versus MicroStrategy's 1.34x, MARA's ~53,000 BTC holdings worth $5.9B justify a higher multiple given its mining inflows and AI potential. MARA's mining business alone merits a ~$5B valuation, projecting 64,000 BTC mined through 2048 worth ~$7.4B at current prices or up to ~$48B+ in a bullish Bitcoin case.

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image for news Eyes On Q3: The AI Catalyst That Could Wake Up Markets On MARA Holdings
Marathon Digital Holdings, Inc. (MARA) Outperforms Broader Market: What You Need to Know
MARA
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Positive

In the closing of the recent trading day, Marathon Digital Holdings, Inc. (MARA) stood at $19.54, denoting a +1.66% move from the preceding trading day.

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image for news Marathon Digital Holdings, Inc. (MARA) Outperforms Broader Market: What You Need to Know
Investors Heavily Search Marathon Digital Holdings, Inc. (MARA): Here is What You Need to Know
MARA
Published: October 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Marathon Digital (MARA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news Investors Heavily Search Marathon Digital Holdings, Inc. (MARA): Here is What You Need to Know
MARA Holdings: Beyond Bitcoin - AI And HPC Could Power The Next Leg Higher
MARA
Published: October 06, 2025 by: Seeking Alpha
Sentiment: Positive

MARA Holdings remains a Strong Buy with a 12-month price target of $25, driven by strong Bitcoin mining and strategic AI/HPC diversification. MARA's acquisition of a 64% stake in Exaion expands exposure to high-demand AI and high-processing computing, supporting long-term growth beyond Bitcoin. Despite recent outperformance, MARA trades at a discount versus peers, as the market has yet to fully price in its AI/HPC pivot and growing BTC treasury.

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image for news MARA Holdings: Beyond Bitcoin - AI And HPC Could Power The Next Leg Higher
Brokers Suggest Investing in Marathon Digital (MARA): Read This Before Placing a Bet
MARA
Published: October 03, 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.

Read More
image for news Brokers Suggest Investing in Marathon Digital (MARA): Read This Before Placing a Bet
Here is What to Know Beyond Why Marathon Digital Holdings, Inc. (MARA) is a Trending Stock
MARA
Published: October 03, 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.

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image for news Here is What to Know Beyond Why Marathon Digital Holdings, Inc. (MARA) is a Trending Stock
MARA Announces Bitcoin Production and Mining Operation Updates for September 2025
MARA
Published: October 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

218 Blocks Won in September , 5% Increase M/M 736 BTC Produced in September, 4% Increase M/M Increased BTC Holdings* to 52,850 BTC

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image for news MARA Announces Bitcoin Production and Mining Operation Updates for September 2025
Trump's Pro-Digital Asset Policy Push Boosts Marathon Stock
MARA
Published: September 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Trump's pro-digital asset shift is fueling gains for MARA, with policy clarity and a potential Bitcoin reserve boosting investor confidence.

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image for news Trump's Pro-Digital Asset Policy Push Boosts Marathon Stock
Is Trending Stock Marathon Digital Holdings, Inc. (MARA) a Buy Now?
MARA
Published: September 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Marathon Digital (MARA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Is Trending Stock Marathon Digital Holdings, Inc. (MARA) a Buy Now?
Wall Street Bulls Look Optimistic About Marathon Digital (MARA): Should You Buy?
MARA
Published: September 17, 2025 by: Zacks Investment Research
Sentiment: Neutral

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.

Read More
image for news Wall Street Bulls Look Optimistic About Marathon Digital (MARA): Should You Buy?
Palantir, MARA and Tesla are most bought shares for Robinhood UK traders
PLTR, TSLA, AAPL, AMD, MARA, NVDA, SOFI
Published: September 01, 2025 by: Proactive Investors
Sentiment: Positive

Artificial intelligence, crypto and big tech continued to dominate trading activity among UK users of Robinhood in August, with Palantir Technologies Inc (NYSE:PLTR), Tesla Inc (NASDAQ:TSLA) and Nvidia Corp (NASDAQ:NVDA, ETR:NVD) topping the platform's most popular stocks list. Shares in AMD, Apple Inc (NASDAQ:AAPL, ETR:APC), SoFi Technologies and crypto-linked MARA also featured, as retail investors stuck with familiar growth themes despite growing market unease around valuations.

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image for news Palantir, MARA and Tesla are most bought shares for Robinhood UK traders
Wall Street Analysts Think Marathon Digital (MARA) Is a Good Investment: Is It?
MARA
Published: September 01, 2025 by: Zacks Investment Research
Sentiment: Positive

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Read More
image for news Wall Street Analysts Think Marathon Digital (MARA) Is a Good Investment: Is It?
MARA's Hybrid Bitcoin Strategy Enhances Its Investment Case
MARA
Published: August 28, 2025 by: Zacks Investment Research
Sentiment: Positive

Marathon Holdings' hybrid strategy of steady Bitcoin mining revenues and long-term asset accumulation sets it apart in the crypto sector.

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image for news MARA's Hybrid Bitcoin Strategy Enhances Its Investment Case
Spotify vs. MARA Holdings: Which Stock Has More Upside Ahead?
MARA, SPOT
Published: August 27, 2025 by: Zacks Investment Research
Sentiment: Positive

SPOT and MARA are charting different growth paths as investors weigh streaming strength against crypto momentum.

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image for news Spotify vs. MARA Holdings: Which Stock Has More Upside Ahead?
MARA Advances International Growth Strategy with Leadership Appointments and Regional Headquarters in Europe
MARA
Published: August 25, 2025 by: GlobeNewsWire
Sentiment: Neutral

Gérard Mestrallet Appointed as Senior Advisor to the Company and François Garcin as General Manager of Europe Establishes Regional Headquarters in Paris, France Miami, FL, Aug. 25, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA ) ("MARA" or the “Company”), a leading digital energy and infrastructure company, today announced actions to further expand its presence in Europe. MARA has welcomed Gérard Mestrallet as a Senior Advisor to MARA and appointed François Garcin as General Manager of Europe.

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image for news MARA Advances International Growth Strategy with Leadership Appointments and Regional Headquarters in Europe
Is Most-Watched Stock Marathon Digital Holdings, Inc. (MARA) Worth Betting on Now?
MARA
Published: August 21, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Marathon Digital (MARA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Is Most-Watched Stock Marathon Digital Holdings, Inc. (MARA) Worth Betting on Now?
Marathon Digital (MARA) Is Considered a Good Investment by Brokers: Is That True?
MARA
Published: August 14, 2025 by: Zacks Investment Research
Sentiment: Positive

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Read More
image for news Marathon Digital (MARA) Is Considered a Good Investment by Brokers: Is That True?
Marathon Digital Holdings, Inc. (MARA) is Attracting Investor Attention: Here is What You Should Know
MARA
Published: August 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Marathon Digital (MARA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Marathon Digital Holdings, Inc. (MARA) is Attracting Investor Attention: Here is What You Should Know
MARA Holdings Delivers Record Profit on Bitcoin Gains
MARA
Published: August 06, 2025 by: Zacks Investment Research
Sentiment: Positive

MARA posts record $808M profit on Bitcoin gains, with soaring revenues, mining efficiency, and $5.4B in liquidity fueling growth.

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image for news MARA Holdings Delivers Record Profit on Bitcoin Gains
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.

Read More
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?

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.