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USFinancial Services

Marathon Digital Holdings Inc (MARA)

US · Financial Services · Capital Markets

$11.64+5.43%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$174.9M
Revenue YoY
-26.7%
Net profit
$-609.7M
Profit YoY
-175.4%
EPS
$-0.70
EPS estimate
$-0.56
Net margin
-348.6%

EPS came in at -0.70 against a street estimate of -0.56 — a miss of 25.0%.

Key statistics

Market cap
$4.26B
Forward P/E
39.5
P/B
2.61
Book value
$4.35
EPS (TTM)
$-9.22
52-week high
$23.45
52-week low
$6.66
50-day MA
$11.22
200-day MA
$10.94
Beta
5.34

Analyst view

Analysts rate Marathon Digital Holdings Inc a buy (6 buy, 8 hold, 1 sell out of 15) with an average price target of $17.99.

From the latest earnings call · 2026-08-06

CONFIDENT MARA pivoting from Bitcoin mining toward AI infrastructure via power-asset portfolio expansion. Long Ridge acquisition pending; Matagorda site adds 2GW capacity. Q2 revenue down 27% YoY due to Bitcoin price decline, but operational metrics improving. Q2 FY26 Portfolio spans 19 data centers across 4 continents. Matagorda and Long Ridge transformational for US capacity; Exaion enables EU regulatory compliance. Analysts probed Long Ridge timing (no delays expected), Hannibal lease contingency (progressing independently), and Matagorda regulatory risk (audit beneficial to MARA's queue position). Thiel emphasized tenant demand exceeds supply, Starwood partnership outperforming, and financial flexibility via BTC-backed leverage. 2026-08-06…

Full summary in the app.

Shareholding

Insiders
0.84%
Institutions
75.78%

Largest institutional holders

FundStake
BlackRock Inc15.47%
Vanguard Portfolio Management, LLC6.84%
Vanguard Capital Management, LLC4.23%
State Street Corp3.94%
D. E. Shaw & Co LP2.69%
Geode Capital Management, LLC2.67%
Marex Group Ltd2.15%
UBS Group AG1.97%

Recent filings & reports

DocumentDate
Quarterly report · Q2 2026
MARA HOLDINGS, INC. — Q2 2026 10-Q SUMMARY HEADLINE NUMBERS • Total Assets: $4.35 billion (June 30, 2026) vs. $7.29 billion (December 31, 2025) — de
2026-08-06
Results announced · Q3 2026
MARATHON DIGITAL HOLDINGS Q2 2026 SHAREHOLDER LETTER SUMMARY HEADLINE NUMBERS • Revenues decreased 27% to $174.9 million in Q2 2026 from $238.5 mill
2026-08-06
Board / officer change · Q3 2026
MARA HOLDINGS, INC. - FORM 8-K SUMMARY BUSINESS & SEGMENT HIGHLIGHTS • Two board members resigned on personal grounds (not due to operational disagr
2026-08-04
Material agreement · Q3 2026
MARA HOLDINGS, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • Total potential acquisition value: $600.0 million in milestone-based payments for membersh
2026-07-09
Company announcement · Q2 2026
MARA HOLDINGS, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • Company acquiring Long Ridge Energy & Power LLC for approximately $1.5 billion base purcha
2026-06-25
Quarterly report · Q1 2026
MARA HOLDINGS, INC. – Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Total Assets: $4,949.3 million (March 31, 2026) vs. $7,286.9 million (December 31, 202
2026-05-11
Proxy statement · Q2 2026
MARA HOLDINGS, INC. — PROXY STATEMENT SUMMARY CEO COMPENSATION • Fred Thiel (CEO and Chairman) total compensation: Not explicitly stated in provided
2026-04-30
Annual report FY2025
MARA HOLDINGS, INC. (MARA) - 2025 ANNUAL REPORT SUMMARY HEADLINE NUMBERS • Market capitalization: $5.7 billion as of June 30, 2025 (non-affiliate ho
2026-03-02

Readable in the app.

Deals & corporate news

AnnouncementDate
Acquires digital infrastructure project company for up to $600 million
MARA Holdings acquired control of MAT 1177 LLC, which owns/controls a large Texas site for developing a digital infrastructure campus. The site includes land parcels and a utility agreement
2026-07-09
Company to acquire another business; transaction pending third-party approvals
This 8-K filing from Marathon Holdings (MARA) announces a transaction, likely an acquisition or major business deal, though the specific details are not fully disclosed in this excerpt. The
2026-06-25
Company enters into purchase agreement to acquire business
A company announced a transaction (acquisition or major deal) on April 30, 2026, and secured financing to support it. Key details: The company obtained a $785 million bridge loan commitment
2026-04-30
Forms joint ventures with Starwood for bitcoin mining data center development
Marathon Digital (MARA) entered a strategic partnership with Starwood Capital Group on February 26, 2026, to develop its U.S. bitcoin mining data centers into commercial hyperscale facilitie
2026-02-26

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Data updated 2026-09-18.