MARA Holdings (BMV:MARA *) - Stock Price, News & Analysis

MARA * Stock Overview

Operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States.

About the company

MARA * fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 83.6% below our estimate of its fair value

Revenue is forecast to grow 26.06% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings

Shareholders have been substantially diluted in the past year

Earnings are forecast to decline by an average of 130.1% per year for the next 3 years

Highly volatile share price over the past 3 months

MARA Holdings, Inc. Competitors

Clear Secure

NYSE:YOU

US$4.1b

EngageSmart

NYSE:ESMT

US$3.9b

Fortnox

OM:FNOX

SEK 36.4b

Technology One

ASX:TNE

AU$7.5b

Price History & Performance

Summary of all time highs, changes and price drops for MARA Holdings
Historical stock prices
Current Share Price	US$305.49
52 Week High	US$581.06
52 Week Low	US$129.98
Beta	5.53
11 Month Change	3.55%
3 Month Change	-14.52%
1 Year Change	77.57%
33 Year Change	-58.54%
5 Year Change	n/a
Change since IPO	-28.96%

Recent updates

Shareholder Returns

	MARA *	MX Software	MX Market
7D	10.2%	0%	0%
1Y	77.6%	0%	0%

Return vs Industry: MARA * exceeded the MX Software industry which returned 20.5% over the past year.

Return vs Market: MARA * exceeded the MX Market which returned 0.6% over the past year.

Price Volatility

Is MARA *'s price volatile compared to industry and market?
MARA * volatility
MARA * Average Weekly Movement	12.4%
Software Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in MX Market	0%
10% least volatile stocks in MX Market	0%

Stable Share Price: MARA *'s share price has been volatile over the past 3 months.

Volatility Over Time: MARA *'s weekly volatility (12%) has been stable over the past year, but is still higher than 75% of MX stocks.

About the Company

Founded	Employees	CEO	Website
2010	109	Fred Thiel	www.mara.com

MARA 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 Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.

MARA Holdings, Inc. Fundamentals Summary

How do MARA Holdings's earnings and revenue compare to its market cap?
MARA * fundamental statistics
Market cap	Mex$90.55b
Earnings (TTM)	Mex$5.63b
Revenue (TTM)	Mex$11.00b

16.1x

P/E Ratio

8.2x

P/S Ratio

Is MARA * overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MARA * income statement (TTM)
Revenue	US$564.95m
Cost of Revenue	US$318.84m
Gross Profit	US$246.12m
Other Expenses	-US$42.83m
Earnings	US$288.95m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.98
Gross Margin	43.56%
Net Profit Margin	51.15%
Debt/Equity Ratio	12.4%

How did MARA * perform over the long term?

See historical performance and comparison

MARA * Stock Overview

Rewards

Risk Analysis

MARA Holdings, Inc. Competitors

NYSE:YOU

US$4.1b

NYSE:ESMT

US$3.9b

OM:FNOX

SEK 36.4b

ASX:TNE

AU$7.5b

Price History & Performance

Recent News & Updates

MARA Announces Board Changes

Investor sentiment deteriorates as stock falls 18%

Investor sentiment improves as stock rises 20%

Second quarter 2024 earnings released: US$0.72 loss per share (vs US$0.13 loss in 2Q 2023)

Marathon Digital Holdings, Inc. to Report Q2, 2024 Results on Aug 01, 2024

Investor sentiment improves as stock rises 23%

Recent updates

MARA Announces Board Changes

Investor sentiment deteriorates as stock falls 18%

Investor sentiment improves as stock rises 20%

Second quarter 2024 earnings released: US$0.72 loss per share (vs US$0.13 loss in 2Q 2023)

Marathon Digital Holdings, Inc. to Report Q2, 2024 Results on Aug 01, 2024

Investor sentiment improves as stock rises 23%

Marathon Digital Holdings Announces Kaspa Mining Operations

Independent Director recently sold Mex$3.9m worth of stock

First quarter 2024 earnings released: EPS: US$1.30 (vs US$0.045 loss in 1Q 2023)

Investor sentiment improves as stock rises 23%

Marathon Digital Holdings, Inc., Annual General Meeting, Jun 27, 2024

Marathon Digital Holdings, Inc. to Report Q1, 2024 Results on May 09, 2024

Investor sentiment improves as stock rises 20%

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

Investor sentiment deteriorates as stock falls 15%

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) acquired Data center facility of Rattlesnake Den I LLC located in Garden City, Texas for $97.3 million.

Marathon Digital Holdings, Inc. Launches MARAFW and MARA UCB 2100, Industry Leading Firmware and A Control Board

Investor sentiment improves as stock rises 25%

Investor sentiment deteriorates as stock falls 27%

Now 28% undervalued

Full year 2023 earnings released: EPS: US$1.41 (vs US$6.05 loss in FY 2022)

Marathon Digital Holdings Launches Slipstream

Marathon Digital Holdings, Inc. to Report Q4, 2023 Results on Feb 28, 2024

Now 21% undervalued

Now 22% undervalued

Forecast breakeven date pushed back to 2026

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) entered into a Purchase and Sale Agreement to acquire GC Data Centre holdings LLC from Generate Capital, PBC for approximately $200 million.

Now 23% undervalued after recent price drop

Forecast to breakeven in 2023

Third quarter 2023 earnings released: EPS: US$0.36 (vs US$0.65 loss in 3Q 2022)

Marathon Digital Holdings, Inc. to Report Q3, 2023 Results on Nov 08, 2023

New major risk - Shareholder dilution

Chief Technology Officer recently sold Mex$2.6m worth of stock

Director recently sold Mex$2.8m worth of stock

Now 25% undervalued

New minor risk - Profitability

New minor risk - Financial position

Second quarter 2023 earnings released: US$0.13 loss per share (vs US$1.75 loss in 2Q 2022)

Forecast breakeven date pushed back to 2024

Marathon Digital Holdings, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Marathon Digital Holdings, Inc., Annual General Meeting, Jul 27, 2023

Marathon Digital Holdings, Inc. Appoints Salman Khan as Its New Chief Financial Officer

First quarter 2023 earnings released: US$0.045 loss per share (vs US$0.13 loss in 1Q 2022)

The Klein Law Firm Announces Class Action Filed on Behalf of Marathon Digital Holdings, Inc. Shareholders

Marathon Digital Holdings, Inc. to Report Q1, 2023 Results on May 11, 2023

Forecast breakeven date moved forward to 2023

Full year 2022 earnings released: US$6.05 loss per share (vs US$0.37 loss in FY 2021)

Forecast breakeven date pushed back to 2024

High number of new and inexperienced directors

Marathon Digital Holdings, Inc. Announces Executive Changes

Marathon Digital Holdings, Inc. announced delayed 10-Q filing

Third quarter 2022 earnings released: US$0.65 loss per share (vs US$0.22 loss in 3Q 2021)

Marathon Digital Holdings, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Independent Director recently bought Mex$1.4m worth of stock

Second quarter 2022 earnings released: US$1.75 loss per share (vs US$1.10 loss in 2Q 2021)

Marathon Digital Holdings, Inc. to Report Q2, 2022 Results on Aug 08, 2022

High number of new and inexperienced directors

Marathon Digital Holdings, Inc. to Report Q1, 2022 Results on May 04, 2022

Marathon Digital Holdings, Inc. Announces the Company’s Intent to Transition Its Bitcoin Miners from the Facility in Hardin, MT to New Locations with More Sustainable and Non-Carbon Emitting Sources of Power