Marathon Digital Holdings, Inc.
MARA
NASDAQ·Financial Services·Financial - Capital Markets·Mkt cap $4.0B
$11.54
▲ +10.23%
P/E
-1.22
Mkt Cap
$4.0B
52-Wk Range
$6.66–$23.45
52-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 34.1% 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
Falling
-25.0% over 3m
Quality
Loss-making
Below average quality
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: Nov 3, 2026
AUG 6, 2026
Reported EPS of -$1.60 vs $0.17 consensus (-1060.4% surprise). Revenue of $174.9M vs $209.4M expected (-16.5%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-1060.4%
Revenue trend · last 8Q
—
+33%
+24%
+57%
+85%
-2%
-18%
-27%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$129.3M
$206.4M
$213.9M
$238.5M
$252.4M
$202.3M
$174.6M
$174.9M
Margins · last 8Q
Gross
0.0%
Operating
—
Profit
-348.6%
Wall Street consensus
6 analysts · 50% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
50%
Hold
17%
Sell
33%
Median Price Target
—
Latest: Morgan Stanley · Aug 13, 2026
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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