MARA Holdings

Bitcoin Volatility And Regulation Will Shrink Margins But Trim Costs

AnalystLowTarget

Not Invested

Community Contributor

Published

30 Apr 25

Updated

12 Dec 25

Views

n/a

AnalystLowTarget's Fair Value

n/a

-47.1%

-4.9%

-47.1%

-4.9%

You can edit this narrative until Dec 13 10:10 AM. Then, changes will post as Updates.

Author's Valuation

US$1321.7% undervalued

AnalystLowTarget Fair Value

Narrative

Updates1

Shared on 12 Dec 25

Fair value Decreased 28%

MARA: Vertically Integrated Buildout Will Test Execution Amid Heightened Crypto Regulatory Backdrop

Analysts have trimmed their fair value estimate for MARA Holdings to $13, down from $18, as they factor in slower projected revenue growth, a higher discount rate, and execution that continues to lag vertically integrated mining peers despite the potential of its evolving strategy. Analyst Commentary Recent Street research on MARA Holdings reflects a mixed but increasingly nuanced view of the company, with the latest actions underscoring both the upside tied to bitcoin leverage and the persistent concerns around execution and capital deployment.

AnalystLowTarget Fair Value

US$13

21.7% undervalued

Future estimation in

Growth p.a.

Decrease

Increase

Current revenue growth rate

12.11%

Software revenue growth rate

1.21%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

Decrease

Increase

Current discount rate

11.17%

Calculation

US$129.81m

Earnings '28

63.10x

PE Ratio '28

US$8.19b

Market Cap '28

US$8.19b

Market Cap '28

463.29m

No. shares '28

US$17.68

Share Price '28

US$17.68 Share Price '28

Discounted to 2025 @ 10.81% p.a.

US$12.99

Fair Value '25