MARA Holdings, Inc. (MARA) Stock Price Quote, News & Filings

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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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

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., Marathon Digital Holdings. 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 - Form 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) Marathon Digital Holdings (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) Marathon Digital Holdings (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) Marathon Digital Holdings (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
… Digital Holdings Ltd.; | | | | | --- | --- | | · | Hive Blockchain Technologies Inc.; | | | | | --- | --- | | · | Hut 8 Mining Corp.; | | | | | --- | --- | | · | IREN Limited; | | | | | --- | --- | | · | Marathon Digital Holdings, Inc.; | | | | | --- | --- | | · | Northern Data AG; | | | | | --- | --- | | · | Riot Blockchain, Inc.; | | | | | --- | --- | | · | Stronghold Digital Mining, Inc.; and | | | | | --- | --- | | · | TeraWulf Inc. …
Hyperscale Data, Inc.MARA Holdings, Inc.·424B5 - Prospectus filing (Rule 424(b)(5))·Q4 26·6 Nov

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/E0.00

Est EPS-0.46

Est PEG0.00

Valuation

Metric	5Yr Avg	May '23	May '24	May '25	May '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	2.73	-1.53	14.14	7.14	-2.69	-3.40
Price / Sales	14.34	9.04	9.53	5.89	22.72	24.52
Price / Book Value	1.84	2.76	2.29	0.94	1.32	1.92
Price / Free Cash Flow	-4.77	-4.89	-10.76	-4.15	9.04	-13.09
ENTERPRISE VALUE METRICS
Enterprise Value	5,076.3	1,744.1	3,662.5	5,954.0	7,699.5	6,321.2
Enterprise Value / Sales	21.52	14.81	9.45	9.07	38.06	36.20
Enterprise Value / EBITDA	-20.89	-2.79	7.83	5.64	-4.83	-110.29
Enterprise Value / EBIT	-1.96	-2.48	12.72	9.46	-4.09	-25.40

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	54.5%	159.2	117.8	387.5	656.4	907.1
Gross Income	—	116.8	-33.7	-15.3	-159.4	-432.9
EBITDA	—	2.0	-624.6	467.5	1,056.1	-547.1
EBIT	217.7%	-13.0	-703.3	287.9	629.5	-1,319.9
Net Income	143.8%	-37.1	-694.0	261.2	541.3	-1,311.5
EPS (Diluted)	77.7%	-0.37	-6.12	1.06	1.72	-3.69
BALANCE SHEET
Cash & ST Inv	-1.8%	587.7	103.7	357.3	391.8	547.1
Total Assets	50.6%	1,444.3	1,195.2	1,991.0	6,801.3	7,424.8
Total Liabilities	50.9%	762.2	809.3	375.1	2,665.4	3,947.7
Total Shareholder Equity	50.2%	682.1	385.9	1,615.9	4,129.0	3,471.7
CASH FLOW
Net Operating Cash Flow	—	-18.2	-176.5	-315.7	-677.0	94.7
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 USD		13 Nov '26
Price (As of 13 Nov '26)		6.99
Basic Shares		381.27
Market Cap		2,665.1
Diluted Shares		381.57
Fully Diluted Shares Outstanding		381.57
Fully Diluted Market Cap		2,667.1
+Consolidated Debt		2,466.0
−In-the-Money Convertible Debt		—
+Capital Leases		48.2
+Operating Leases		—
−Cash & Equivalents		-421.3
−Short-term Investments		-2.1
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		98.8
+Pension Liabilities		—
Enterprise Value		4,808.6

Segment data

Revenue

by Products and services

Hosting Services100%