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

MARA * Stock Overview

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.

About the company

MARA * fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 81.5% below our estimate of its fair value

Revenue is forecast to grow 32.27% per year

Became profitable this year

Risk Analysis

Highly volatile share price over the past 3 months

High level of non-cash earnings

Shareholders have been substantially diluted in the past year

Earnings are forecast to decline by an average of 24% per year for the next 3 years

Marathon Digital Holdings, Inc. Competitors

EngageSmart

NYSE:ESMT

US$3.9b

Clear Secure

NYSE:YOU

US$2.7b

Fortnox

OM:FNOX

kr37.9b

Geovis TechnologyLtd

SHSE:688568

CN¥21.3b

Price History & Performance

Summary of all time highs, changes and price drops for Marathon Digital Holdings
Historical stock prices
Current Share Price	US$282.60
52 Week High	US$581.06
52 Week Low	US$129.98
Beta	5.35
1 Month Change	-19.67%
3 Month Change	5.05%
1 Year Change	73.37%
3 Year Change	-58.36%
5 Year Change	n/a
Change since IPO	-34.28%

Recent updates

Shareholder Returns

	MARA *	MX Software	MX Market
7D	13.2%	0%	0%
1Y	73.4%	0%	0%

Return vs Industry: MARA * exceeded the MX Software industry which returned 28.7% over the past year.

Return vs Market: MARA * exceeded the MX Market which returned 1.4% over the past year.

Price Volatility

Is MARA *'s price volatile compared to industry and market?
MARA * volatility
MARA * Average Weekly Movement	17.3%
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 (17%) has been stable over the past year, but is still higher than 75% of MX stocks.

About the Company

Founded	Employees	CEO	Website
2010	60	Fred Thiel	www.marathondh.com

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.

Marathon Digital Holdings, Inc. Fundamentals Summary

How do Marathon Digital Holdings's earnings and revenue compare to its market cap?
MARA * fundamental statistics
Market cap	Mex$80.48b
Earnings (TTM)	Mex$4.44b
Revenue (TTM)	Mex$6.64b

18.1x

P/E Ratio

12.1x

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$387.51m
Cost of Revenue	US$223.34m
Gross Profit	US$164.17m
Other Expenses	-US$94.88m
Earnings	US$259.05m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.97
Gross Margin	42.37%
Net Profit Margin	66.85%
Debt/Equity Ratio	20.2%

How did MARA * perform over the long term?

See historical performance and comparison

MARA * Stock Overview

Rewards

Risk Analysis

Marathon Digital Holdings, Inc. Competitors

NYSE:ESMT

US$3.9b

NYSE:YOU

US$2.7b

OM:FNOX

kr37.9b

SHSE:688568

CN¥21.3b

Price History & Performance

Recent News & Updates

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%

Recent updates

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

Marathon Digital Holdings, Inc. Appoints Doug Mellinger to Its Board of Directors

Marathon Digital Holdings, Inc. Appoints Hugh Gallagher as Chief Financial Officer

Marathon Digital Holdings, Inc. announced delayed annual 10-K filing

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Pomerantz LLP Announces Class Action Lawsuit Against Marathon Digital Holdings, Inc

Forecast breakeven date pushed back to 2022

Pomerantz Law Firm Announces the Filing of a Class Action Against Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. and Certain Officers

Third quarter 2021 earnings released: US$0.22 loss per share (vs US$0.063 loss in 3Q 2020)

Forecast to breakeven in 2021

Second quarter 2021 earnings released: US$1.10 loss per share (vs US$0.13 loss in 2Q 2020)

Less than half of directors are independent

Investor sentiment improved over the past week

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for July 2021