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Marathon Digital Holdings, Inc.
MARA
NASDAQ·Financial Services·Financial - Capital Markets·Mkt cap $5.1B
$12.40
▼ -7.26%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$6.66 - $23.45
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 24.9% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Substantial Bitcoin reserve of 8,115 BTC providing financial stability
- U.S.-based mining operations with regulatory clarity and infrastructure advantages
- Established market position as one of the largest publicly traded Bitcoin miners
- Operational expertise in blockchain technology and mining efficiency
Bear Case
1 risk
- Very high volatility (beta 5.4). Expect 3x market swings. Position size accordingly.
Growth
Stable outlook
Increasing institutional adoption and mainstream acceptance of Bitcoin
Value
Deep value opportunity - significant discount to sector peers
Momentum
Hot
+53.5% over 3m
Quality
Thin
Solid business
Dividend
None
No dividend
Smart-money signal
Who's buying MARA right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: May 6, 2026
MAY 11, 2026
Reported EPS of -$0.61 vs -$0.46 consensus (-32.6% surprise). Revenue of $174.6M vs $181.9M expected (-4.0%).
EPS surprise · last 4Q
0 of 1 beats
Q2 26
-32.6%
Next: May 6, 2026
Revenue trend · last 8Q
—
—
+33%
+24%
+57%
+85%
-2%
-18%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$143.8M
$129.3M
$206.4M
$213.9M
$238.5M
$252.4M
$202.3M
$174.6M
Margins · last 8Q
Gross
—
Operating
—
Profit
-721.4%
Wall Street consensus
8 analysts · 63% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
63%
Hold
25%
Sell
13%
Median Price Target
$9.25
▼ -25.4% vs $12.40
Latest: Citi · Jun 24, 2026
3 analysts covering
vs Industry
How MARA stacks vs Financial - Capital Markets
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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