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Home CompaniesMARA Holdings, Inc.

MARA Holdings, Inc.

Financial Services Capital Markets
PortfolioPortfolio WatchlistWatchlist
Company price
6.5 USD 0.15 ( 2.36%)
Last update at 2026-11-09T18:02:00Z
VOLUME
21165109
Market Cap
4342.00M

Momentum Score

…

MARA Holdings, Inc. operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. The company leverages Bitcoin Mining and Artificial Intelligence compute to monetize excess energy and underutilized power, optimize power management across operations and support AI inference applications. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is based in Hallandale Beach, Florida.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
6.16
Low
6.73
High
52 Week Price Range
6.66
Low
23.45
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Marathon Digital Holdings operates large-scale bitcoin mining facilities in North America, deploying ASIC miners and managing data-center operations to produce bitcoin. Long-term growth drivers include scale expansion, improvements in mining efficiency, and exposure to bitcoin price appreciation that may benefit revenue per hash, and the company's public listing with a sizable mining fleet appears positioned to provide direct operational exposure to cryptocurrency infrastructure. Investors may find access to scalable mining operations and operational leverage appealing.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
6.35
Dividend Yield
-
Revenue TTM
804.22M
Revenue Per Share
2.17
Gross Profit TTM
322.67M
Debt / Equity
1.05
ROE
-105.57%
Net Debt
3098.22M
ROCE
-19.51%
Diluted EPS TTM
-9.18

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -1368.27M 616.50M 277.60M -708.58M -13.15M
Minority interest 0.41M 0.24M 0.00M - -
Net income -1311.48M 541.25M 261.17M -686.74M -36.17M
Selling general administrative 349.94M 272.08M 95.23M 82.87M 8.02M
Selling and marketing expenses - - 80.46M - -
Gross profit -432.94M -159.37M -15.34M -33.67M -47.52M
Reconciled depreciation 772.77M 426.62M 122.38M 78.71M 15.10M
Ebit -1319.89M 629.50M 287.95M -663.87M -85.09M
Ebitda -547.12M 1056.12M 467.46M -36.55M -39.67M
Depreciation and amortization 772.77M 426.62M 179.51M 627.32M 45.41M
Non operating income net other - - - 1.28M 73.50M
Operating income -822.17M 306.11M 220.91M -663.87M -85.09M
Other operating expenses 1729.26M 350.27M 166.60M 234.30M 206.00M
Interest expense 48.38M 13.00M 10.35M 14.98M 1.57M
Tax provision -56.38M 75.50M -20.59M -21.84M 23.02M
Interest income 55.85M 16.71M 2.81M - 0.68M
Net interest income 7.47M 3.71M -13.80M -14.98M -0.89M
Non recurring - - - 90.25M -
Income tax expense -56.38M 75.50M 16.43M -21.84M 23.02M
Total revenue 907.09M 656.38M 387.51M 117.75M 150.46M
Total operating expenses 389.23M -465.48M -236.25M 82.87M 8.02M
Cost of revenue 1340.04M 815.75M 402.85M 151.43M 197.98M
Total other income expense net -546.10M 310.39M 56.69M -44.71M 71.93M
Net income from continuing ops -1311.89M 541.01M -346.55M -686.74M -36.17M
Net income applicable to common shares - - - -686.74M -36.17M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 7286.90M 6801.32M 1990.97M 1195.24M 1448.24M
Intangible assets 0.99M 2.71M 0.24M 0.19M 0.93M
Other current assets 98.60M 72.26M 30.74M 162.68M 131.39M
Total liab 3809.81M 2665.38M 375.05M 809.30M 765.22M
Total stockholder equity 3471.72M 4129.03M 1615.92M 385.94M 683.02M
Deferred long term liab - - - - 23.02M
Other current liab 165.97M 72.00M 22.41M 24.48M 0.87M
Common stock 0.04M 0.03M 0.02M 0.01M 0.01M
Capital stock 0.04M 0.03M 0.02M 0.01M 0.01M
Retained earnings -1337.87M -26.39M -567.64M -840.34M -152.23M
Other liab - - - - 23.02M
Good will 109.03M 82.75M - - -
Other assets 7542.51M - 0.00M 606.39M 479.92M
Cash 547.13M 391.77M 357.31M 103.70M 268.52M
Total current liabilities 521.88M 95.20M 33.76M 26.11M 13.79M
Current deferred revenue - - -0.12M - -
Net debt 3098.22M 2081.90M -31.18M 679.81M 459.88M
Short term debt 399.74M 0.41M 0.12M 0.33M 728.41M
Short long term debt 397.85M - - - -
Short long term debt total 3645.35M 2473.67M 326.13M 783.51M 728.41M
Other stockholder equity 4809.55M 4155.39M 2183.54M 1226.27M 835.69M
Property plant equipment - - - 273.03M 276.24M
Total current assets 664.27M 470.37M 1029.80M 277.55M 688.15M
Long term investments 3503.06M 3335.48M 106.29M 525.30M 3.00M
Net tangible assets - - - 385.94M 682.09M
Short term investments 2.39M 4.33M 639.66M - 223.78M
Net receivables 18.54M 6.34M 2.09M 0.02M 30.00M
Long term debt 3202.08M 2446.58M 325.65M 782.17M 728.41M
Inventory - -2.45M -2.09M 11.15M 34.46M
Accounts payable 12.55M 12.56M 11.34M 1.31M 12.93M
Accumulated other comprehensive income - - 0.00M - -0.45M
Common stock total equity - - - 0.01M 0.01M
Retained earnings total equity - - - -840.34M -152.23M
Non currrent assets other 1595.62M 1343.63M 122.87M 606.39M 479.92M
Non current assets total 6622.63M 6330.94M 961.17M 917.70M 760.09M
Capital lease obligations 45.43M 27.09M 0.48M 1.34M 0.00M
Long term debt total - - - 782.17M 728.41M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -39.89M -3229.06M -22.03M -44.00M -153.00M
Change to liabilities - - - 13.37M 11.93M
Total cashflows from investing activities -669.92M -3229.06M 4.59M -390.23M -891.92M
Net borrowings 1145.58M 2131.17M -50.00M 49.25M 728.81M
Total cash from financing activities 1627.45M 3952.54M 555.86M 410.65M 1037.33M
Change to operating activities - - - -189.79M -149.63M
Net income -4.70M 541.01M 261.17M -686.74M -36.17M
Change in cash 155.36M 46.46M 244.81M -156.05M 127.20M
Begin period cash flow 403.77M 357.31M 112.50M 268.56M 141.32M
End period cash flow 559.13M 403.77M 357.31M 112.50M 268.52M
Total cash from operating activities 94.72M -677.02M -315.65M -176.48M -18.22M
Issuance of capital stock 568.56M 1851.62M 442.20M 361.49M 324.77M
Depreciation 772.77M 426.62M 179.51M 78.71M 15.10M
Other cashflows from investing activities -284.09M 0.87M -89.15M -305.12M -738.92M
Change to account receivables 1.81M -9.32M 0.00M - -
Sale purchase of stock -46.92M -34.86M -15.75M 361.49M 313.64M
Other cashflows from financing activities -39.77M 4.61M -2.50M 169.17M 790.07M
Change to netincome - - - -81.86M 87.93M
Capital expenditures 407.07M 253.46M 27.61M 41.11M 708.92M
Change receivables - - - -24.47M -
Cash flows other operating - - - 524.51M -96.81M
Cash and cash equivalents changes - - - -156.05M 127.20M
Change in working capital 18.90M -173.89M -412.35M -176.57M -137.70M
Stock based compensation 172.29M 157.64M 32.64M 24.59M 160.79M
Other non cash items -920.92M -1701.62M -391.92M 606.10M -43.25M
Free cash flow -312.35M -930.48M -343.26M -217.59M -727.14M

Peer Comparison*

Sector: Financial Services Industry: Capital Markets

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MARA
MARA Holdings, Inc.		 0.15
2.36%		 6.50 - 39.53 5.40 2.67 8.07 6.66
GS
Goldman Sachs Group Inc		 41.41
4.78%		 907.23 17.21 16.00 4.47 2.26 11.15 -
SCHW
Charles Schwab Corp		 1.80
1.97%		 93.29 19.53 13.89 7.16 4.22 8.80 -
MS
Morgan Stanley		 8.13
4.48%		 189.57 16.50 13.76 2.80 1.65 - -
IBKR
Interactive Brokers Group Inc		 2.44
3.22%		 78.27 35.95 27.93 22.14 6.96 3.01 3.37

Profile*

MARA Holdings, Inc.

MARA Holdings, Inc. operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. The company leverages Bitcoin Mining and Artificial Intelligence compute to monetize excess energy and underutilized power, optimize power management across operations and support AI inference applications. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is based in Hallandale Beach, Florida.

1010 South Federal Highway, Hallandale Beach, FL, United States, 33009

800 804 1690

https://www.mara.com

266

Name Title Year Born
Mr. Frederick G. Thiel CEO & Exec. Chairman 1961
Mr. James G. Crawford Chief Operating Officer 1975
Mr. Ashu Swami Chief Technology Officer NA
Mr. Simeon Salzman Exec. Officer 1980
Mr. Hugh J. Gallagher Chief Financial Officer 1963
Mr. John M. Lee Chief Accounting Officer 1961
Mr. Charlie Schumacher Director of Corp. Communications NA
Mr. William Beam Controller NA
Mr. Frederick G. Thiel CEO & Executive Chairman 1961
Mr. Ashu Swami Chief Technology Officer 1980

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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