Marathon Digital Holdings, Inc. (MARA)

NASDAQ: MARA · IEX Real-Time Price · USD
22.12
-0.44 (-1.95%)
At close: Jul 2, 2024, 4:00 PM
22.22
+0.10 (0.45%)
After-hours: Jul 2, 2024, 7:59 PM EDT
-1.95%
Market Cap 6.04B
Revenue (ttm) 501.57M
Net Income (ttm) 603.46M
Shares Out 272.96M
EPS (ttm) 2.33
PE Ratio 9.49
Forward PE 6.17
Dividend n/a
Ex-Dividend Date n/a
Volume 47,026,958
Open 22.48
Previous Close 22.56
Day's Range 21.54 - 22.98
52-Week Range 7.16 - 34.09
Beta 5.47
Analysts Buy
Price Target 19.33 (-12.61%)
Earnings Date Aug 6, 2024

About MARA

Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida. [Read more]

Industry Capital Markets
Sector Financials
Founded 2010
Employees 60
Stock Exchange NASDAQ
Ticker Symbol MARA
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for MARA stock is "Buy." The 12-month stock price forecast is $19.33, which is a decrease of -12.61% from the latest price.

Price Target
$19.33
(-12.61% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Marathon Digital Holdings Announces Kaspa Mining Operations

93 Million KAS Mined, Equivalent to $15 Million, as of June 25, 2024 Fort Lauderdale, FL, June 26, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc . (NASDAQ: MARA) ("Marathon" or "Company"), ...

6 days ago - GlobeNewsWire

MARA, CLSK, RIOT stocks at risk as Bitcoin forms a risky pattern

Bitcoin mining stocks are under intense pressure as the BTC price continues its remarkable collapse. Marathon Digital (MARA) stock price dropped by more than 2.7% on Monday while Riot Platforms (RIOT)...

Other symbols: CLSKRIOT
7 days ago - Invezz

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for May 2024

Fort Lauderdale, FL, June 05, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" or the "Company"), a global leader in leveraging digital asset compute to support the...

27 days ago - GlobeNewsWire

Marathon Digital Holdings Enters into Agreement with the Ministry of Energy and Petroleum of the Republic of Kenya To Enhance Kenya's Energy Sector

Agreement Establishes a Joint Steering Committee and a Framework To Utilize Green Data Centers To Optimize Renewable Energy Projects, Advance Technological Infrastructure, and Promote Economic Develop...

5 weeks ago - GlobeNewsWire

Bitcoin or Marathon Digital: Which is a better pick?

Mathon Digital Holdings Inc. (NASDAQ:MARA), a prominent player in the Bitcoin mining space, has notably underperformed Bitcoin since the start of 2022. Despite Bitcoin's strong rally that has seen it ...

5 weeks ago - Invezz

OrdinalsBot Behind 80% of the Largest Files Inscribed on Bitcoin Blockchain; Announces Revenue, Growth and Partnerships

MAHE, Seychelles--(BUSINESS WIRE)--OrdinalsBot confirms more than $4M in inscriptions for Q1 and 80% of the ten largest files inscribed on Bitcoin Blockchain.

7 weeks ago - Business Wire

Why Marathon Digital's stock is sagging in the face of record earnings

Marathon Digital Holdings Inc. posted record earnings, but they could have been better if not for equipment- and weather-related disruptions that held the company back in the first quarter.

7 weeks ago - Market Watch

Marathon Digital logs record earnings as it pushes past ‘operational challenges'

Marathon Digital Holdings Inc. said that it faced “operational challenges” in the latest quarter but managed nonetheless to take advantage of the cryptocurrency boom.

7 weeks ago - Market Watch

AMD, MicroStrategy, Meta, Marathon Digital, and Other Tech Stocks in Focus Today

Tech stocks were looking to build on the strong end to last week, edging higher early Monday. Crypto-exposed stocks enjoyed strong gains as Bitcoin's rebound continued.

Other symbols: AMDMETAMSTR
2 months ago - Barrons

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for April 2024

- Average Operational Hash Rate Increases 15% M/M to 21.1 EH/s - Increased BTC Holdings to 17,631 BTC; Total Cash and BTC of $ 1.6 B as of April 30, 2024 - Increased End of Year 2024 Total Installed H...

2 months ago - GlobeNewsWire

Marathon Digital Holdings Increases 2024 Hash Rate Target to 50 Exahash

New 50 EH/s Target Represents Approximately 100% Growth in Hash Rate during Fiscal Year 2024 Fort Lauderdale, FL, April 25, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("M...

2 months ago - GlobeNewsWire

Marathon Digital Holdings Schedules Conference Call for First Quarter 2024 Financial Results

Earnings Webcast and Conference Call Set for Thursday, May 9, 2024 at 5:00 p.m. ET Fort Lauderdale, FL, April 24, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" o...

2 months ago - GlobeNewsWire

Marathon Digital Holdings Appoints Manoj Narender Madnani as Managing Director for EMEA Expansion

Fort Lauderdale, FL, April 15, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" or "Company"), one of the world's largest publicly traded Bitcoin miners and a leade...

2 months ago - GlobeNewsWire

Marathon Digital (MARA) Ahead of Bitcoin's Halving

Marathon Digital (MARA) is pulling back today. Alex Coffey and Ben Lichtenstein discuss why this may be happening.

2 months ago - Schwab Network

Marathon Digital's Thiel on Bitcoin Halving, Mining Outlook

Marathon Digital CEO Fred Thiel says he's excited for Bitcoin's halving and discusses the state of Bitcoin mining and Marathon's growth strategy. He speaks on "Bloomberg Crypto.

3 months ago - Bloomberg Markets and Finance

Marathon Digital Holdings Appoints Vicki Mealer-Burke to Its Board of Directors

Fort Lauderdale, FL, April 05, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" or "Company"), one of the world's largest publicly traded Bitcoin miners and a leade...

3 months ago - GlobeNewsWire

Why is MARA stock in news among crypto enthusiasts ahead of Bitcoin halving?

Marathon Digital (NASDAQ: MARA) has been gaining attention among crypto enthusiasts and investors alike, especially with the anticipation surrounding the upcoming Bitcoin halving event. As Bitcoin (BT...

3 months ago - Invezz

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for March 2024

- Increased BTC Holdings to 17,381 BTC; Total Cash and BTC of $1.6B as of March 31, 2024

3 months ago - GlobeNewsWire

Marathon Digital Holdings Announces the Closing of its Acquisition of a 200-Megawatt Bitcoin Mining Data Center Adjacent to a Wind Farm

Fort Lauderdale, FL, April 02, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" or "Company"), one of the world's largest publicly traded Bitcoin miners and a leade...

3 months ago - GlobeNewsWire

Marathon Digital's Stock Price Outpaces Bitcoin's 150% Rise As ‘Halving' Looms

In the last year, Bitcoin's price has soared 150% to $70,282. That increase is slightly below the 158% appreciation of Las Vegas-based crypto miner Marathon Digital's stock.

3 months ago - Forbes

Marathon Digital Holdings Releases Industry-Leading Bitcoin Mining Firmware and Control Board

Firmware and Control Board Designed To Improve the Performance, Efficiency, and Stability of Bitcoin Mining Rigs Now Publicly Available

3 months ago - GlobeNewsWire

Large-scale bitcoin miners are competing head on with AI companies for power: Marathon Digital CEO

Fred Thiel, Marathon Digital CEO, joins 'Closing Bell Overtime' to discuss volatility in bitcoin, the state of bitcoin mining, power needs for bitcoin mining and more.

3 months ago - CNBC Television

Marathon Digital Boosts Mining Output With New Purchase

Marathon Digital Holdings is buying a bitcoin mining center in Garden City, Texas for about $87 million. Marathon CEO Fred Thiel says this will help lower costs and boost output.

3 months ago - Bloomberg Markets and Finance

Marathon Digital Holdings Enters Definitive Agreement To Acquire 200-Megawatt Bitcoin Mining Data Center Adjacent to a Wind Farm

All Cash Acquisition To Increase Marathon's Bitcoin Mining Portfolio to 1.1 Gigawatts, 54% of which Will Reside on Sites Directly Owned and Operated by the Company

3 months ago - GlobeNewsWire

Coinbase, MicroStrategy and Other Crypto Stocks Drop as Bitcoin Plunges

Bitcoin prices dropped near 10%, dragging down shares in crypto-exposed companies that had rallied in step with digital assets.

Other symbols: COINMSTR
3 months ago - Barrons