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MARA US​

MARA Holdings, Inc.(MARA US)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

MARA Holdings, Inc. — Company Profile

MARA Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the Bitcoin ecosystem. It also deals with owning and operating bitcoin mining facilities or data centers, selling proprietary software or technology to third parties operating in the Bitcoin ecosystem, offering advisory and consulting services to support Bitcoin mining ventures in domestic and international jurisdictions, and generating electricity from renewable energy resources or methane gas capture to power Bitcoin mining projects. The company was founded on February 23, 2010 and is headquartered in Hallandale Beach, FL.

Sector
Financial Services
Industry
Financial - Capital Markets
Exchange
UQ
CEO
Frederick G. Thiel
Headquarters
Hallandale Beach, FL, US
IPO Date
May 4, 2012
Employees
266
Website
www.mara.com

Key Metrics

Price
$11.23
Market Cap
$4.28B
Revenue (TTM)
$174.61M
Net Income (TTM)
$-1259619000.00
EPS (TTM)
-3.31
P/E (TTM)
-2.10
P/B (TTM)
1.92
Dividend Yield
0.00%
ROE (TTM)
-56.44%
ROA (TTM)
-25.45%
Operating Margin
-142.53%
Beta
2.27

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

MARA Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the Bitcoin ecosystem. It also deals with owning and operating bitcoin mining facilities or data centers, selling proprietary software or technology to third parties operating in the Bitcoin ecosystem, offering advisory and consulting services to support Bitcoin mining ventures in domestic and international jurisdictions, and generating electricity from renewable energy resources or methane gas capture to power Bitcoin mining projects. The company was founded on February 23, 2010 and is headquartered in Hallandale Beach, FL.

Website
www.mara.com
Location
Hallandale Beach, FL, US
Phone702 945 2773
Employees266
CEOFrederick G. Thiel
SectorFinancial Services
IndustryFinancial - Capital Markets
IPO DateMay 4, 2012

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Peer comparison
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Latest Documents

SEC Filings(1.1K)

Expand
  • 4Statement of changes in beneficial ownership21 Oct
  • 144Khan Salman Hassan19 Oct
  • 4Statement of changes in beneficial ownership7 Oct
  • 4Statement of changes in beneficial ownership2 Oct
  • 4Statement of changes in beneficial ownership2 Oct
  • 4Statement of changes in beneficial ownership2 Oct
  • 144Thiel Frederick G1 Oct
  • 8-KEntry into a Material Definitive Agreement25 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 144Nowaid Zabi18 Sep
  • 144Thiel Frederick G17 Sep
  • 144Khan Salman Hassan17 Sep
  • 4Statement of changes in beneficial ownership21 Aug
  • 144Nowaid Zabi21 Aug
  • 4Statement of changes in beneficial ownership19 Aug
  • 4Statement of changes in beneficial ownership19 Aug
  • 144Thiel Frederick G17 Aug
  • 144Khan Salman Hassan17 Aug

News

  • BlockchAIn Digital Infrastructure Unveils $1B+ Nebius Data Center Lease Strategy02:02AM
  • Here's Why Marathon Digital Holdings, Inc. (MARA) Fell More Than Broader Market22 Oct
  • Here is What to Know Beyond Why Marathon Digital Holdings, Inc. (MARA) is a Trending Stock22 Oct
  • Bitcoin Price Analysis: Treasury Companies Break Even Near $80,000. What Happens if BTC Falls Below It?22 Oct
  • Bitcoin News: MARA Sent 1,000 BTC to Exchanges as Saylor Hints at Another Buy. Is the Biggest Miner Selling?19 Oct
  • Bitcoin Mining Just Got 6% Harder While BTC Fell. Could Miners Start Selling?19 Oct
  • Stock Traders Buy Large Volume of Call Options on MARA (NASDAQ:MARA)16 Oct
  • Marathon Digital Holdings, Inc. (MARA) Beats Stock Market Upswing: What Investors Need to Know15 Oct
  • Head to Head Survey: MARA (NASDAQ:MARA) vs. zSpace (NASDAQ:ZSPC)12 Oct
  • Whales Bought 15,000 Bitcoin in Three Days While MARA Sold $81 Million. Who Has It Right?10 Oct
  • Marathon Digital Holdings, Inc. (MARA) Stock Slides as Market Rises: Facts to Know Before You Trade9 Oct
  • Is Trending Stock Marathon Digital Holdings, Inc. (MARA) a Buy Now?8 Oct
  • BlockchAIn Digital Infrastructure Says Nebius Prepayment Funds $800M Data Center Build8 Oct
  • Strategy Lost More Than 50% of Its Value Last Year: It Will Return 180% According to One Wall Street Pro8 Oct
  • 5 Things to Know Before the Stock Market Opens on Wednesday7 Oct
  • Marathon Digital Holdings, Inc. (MARA) Stock Dips While Market Gains: Key Facts6 Oct
  • MARA Holdings Stock Jumps Friday: What's Going On?2 Oct
  • Which Public Companies Hold the Most Bitcoin?29 Sep
  • Marathon Digital Holdings, Inc. (MARA) Falls More Steeply Than Broader Market: What Investors Need to Know28 Sep
  • Contrasting MARA (NASDAQ:MARA) & Magic Software Enterprises (NASDAQ:MGIC)28 Sep

Mentions in Filings

  • … group consisting of relevant industry competitors operating in Bitcoin Mining and high-performance computing sectors, such as: Bitfarms Ltd. (now Keel Infrastructure), Iren, CleanSpark Inc., Hut 8 Mining Corp., <strong>Marathon Digital Holdings</strong>. Inc. (now Mara Holdings Inc.) and Riot Platforms, Inc. In determining the appropriate composition of the peer group, the Compensation Committee considers criteria such as (i) industry classification, with prima …
    HIVE Digital Technologies Ltd.MARA Holdings, Inc.·10-K/A - Annual report (amendment) FY 2026·FY26·29 Jul
  • Through its exposure to the Underlying Security, each Fund is subject to risks associated with reliance on key executives, founders, or specialized personnel. The issuer's performance may depend on the leadership, vision, and execution capabilities of a limited number of individuals and teams. Loss of key personnel, difficulty attracting or retaining talent, or inadequate succession planning may impair strategic execution, product development, op …
    Corgi ETF Trust IMARA Holdings, Inc.·497 - Definitive materials (investment companies)·Q2 26·29 Jun
  • … nchmarked against publicly available sources, including: (i) a Core Scientific press release (April 2024) referencing an average incremental cost of approximately US$200,000 per MW for an expansion program; (ii) <strong>Marathon Digital Holdings</strong> (MARA) publicly available materials referencing an effective US$200,000–US$300,000 per MW for certain infrastructure acquisitions including expansion capacity; and (iii) industry commentary cited by CBRE indicati …
    Coolbit Technologies LtdMARA Holdings, Inc.·F-1/A - Registration statement (foreign issuer, amendment)·Q1 27·18 Jun
  • … nchmarked against publicly available sources, including: (i) a Core Scientific press release (April 2024) referencing an average incremental cost of approximately US$200,000 per MW for an expansion program; (ii) <strong>Marathon Digital Holdings</strong> (MARA) publicly available materials referencing an effective US$200,000–US$300,000 per MW for certain infrastructure acquisitions including expansion capacity; and (iii) industry commentary cited by CBRE indicati …
    Coolbit Technologies LtdMARA Holdings, Inc.·F-1/A - Registration statement (foreign issuer, amendment)·Q1 27·15 Jun
  • … nchmarked against publicly available sources, including: (i) a Core Scientific press release (April 2024) referencing an average incremental cost of approximately US$200,000 per MW for an expansion program; (ii) <strong>Marathon Digital Holdings</strong> (MARA) publicly available materials referencing an effective US$200,000–US$300,000 per MW for certain infrastructure acquisitions including expansion capacity; and (iii) industry commentary cited by CBRE indicati …
    Coolbit Technologies LtdMARA Holdings, Inc.·F-1/A - Registration statement (foreign issuer, amendment)·Q1 27·4 Jun
  • … peer group with available publicly traded market data as of and subsequent to, March 31, 2026, and consists of: CleanSpark Inc (CLSK), Keel Infrastructure Corp. [formerly Bitfarms Ltd.] (KEEL), Hut 8 Corp (HUT), <strong>Marathon Digital Holdings</strong> Inc (MARA), and Riot Platforms Inc. (RIOT). ***Unregistered Sales of Equity Securities; Use of Proceeds from Registered Offerings*** *Exchangeable Senior Notes* In April, 2026, our subsidiary, HIVE Bermuda 202 …
    HIVE Digital Technologies Ltd.MARA Holdings, Inc.·10-K - Annual report FY 2026·FY26·2 Jun

Key Stats

Trading

Px/Chg 1D$11.23 / +0.18%
Avg Volume45.16M
Beta2.27
Mkt Cap4.28B
FD Mkt Cap3.99B

Float

Shrs Out/Float381.27M / 372.61M
Short Float0.29%
Days to Cover2.33
Stock Repurchased$7.46M

Current Valuation

EV6.32B
EV/EBITDA-52.83
EV/Sales7.28
P/B1.92
P/S4.93
FCF Yield-7.64%
ROE-56.44%
ROA-25.45%
Current Ratio1.84

Estimates

P/E-2.10
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings2.73-1.5314.147.14-2.69-3.40
Price / Sales14.349.049.535.8922.7224.52
Price / Book Value1.842.762.290.941.321.92
Price / Free Cash Flow-4.77-4.89-10.76-4.159.04-13.09
ENTERPRISE VALUE METRICS
Enterprise Value5,076.31,744.13,662.55,954.07,699.56,321.2
Enterprise Value / Sales21.5214.819.459.0738.0636.20
Enterprise Value / EBITDA-20.89-2.797.835.64-4.83-110.29
Enterprise Value / EBIT-1.96-2.4812.729.46-4.09-25.40

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue54.5%159.2117.8387.5656.4907.1
Gross Income—116.8-33.7-15.3-159.4-432.9
EBITDA—2.0-624.6467.51,056.1-547.1
EBIT217.7%-13.0-703.3287.9629.5-1,319.9
Net Income143.8%-37.1-694.0261.2541.3-1,311.5
EPS (Diluted)77.7%-0.37-6.121.061.72-3.69
BALANCE SHEET
Cash & ST Inv-1.8%587.7103.7357.3391.8547.1
Total Assets50.6%1,444.31,195.21,991.06,801.37,424.8
Total Liabilities50.9%762.2809.3375.12,665.43,947.7
Total Shareholder Equity50.2%682.1385.91,615.94,129.03,471.7
CASH FLOW
Net Operating Cash Flow—-18.2-176.5-315.7-677.094.7
Cap Ex-13%-708.9-41.1-27.6-253.5-407.1
Free Cash Flow-19%-727.1-217.6-343.3-930.5-312.3

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)7.10
Basic Shares381.27
Market Cap2,705.1
Diluted Shares380.16
Fully Diluted Shares Outstanding380.16
Fully Diluted Market Cap2,697.2
+Consolidated Debt2,464.0
−In-the-Money Convertible Debt—
+Capital Leases47.8
+Operating Leases—
−Cash & Equivalents-525.7
−Short-term Investments-1.9
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest101.3
+Pension Liabilities—
Enterprise Value4,744.7

Segment data

Revenue

by Products and services

  • Hosting Services100%

Revenue

by Geography

  • D100%

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