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MARA Holdings, Inc. (MARA)

NEUTRAL
Financial ServicesCapital MarketsUnited States

Fondamental

28

Prix

$11.89

Capitalisation boursière

$4.30B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

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.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Bilan & Liquidités

Chiffre d'affaires

$60M

12 derniers mois (au 30/06/2026)

Résultat net

$-3.46B

12 derniers mois (au 30/06/2026)

Flux de trésorerie libre

$-1.21B

Capitaux propres totaux

$3.47B

Passif total

$3.81B

Ratio de liquidité général

0.89

Couverture des intérêts

69.16

Dette/EBITDA

-

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Justement valorisé

Juste valeur

$10.10

Prix actuel

$11.89

Marge de sécurité

-17.8%

Fourchette de juste valeur

$6.56 - $13.63

Méthodes d'estimation

Analyst Target:$17.99
DCF:$0.22
PE-based:-
Graham Growth:-
EPV:-
Consensus des analystes:Acheter (14B / 7H / 1S)
Dernière surprise sur les résultats:-916.01%

Indicateurs de valorisation

Ratio P/E

-

ROE

-37.8%

Ratio P/B

2.60

P/FCF

-

Marge brute

-

ROIC

-61.9%

Radar de rentabilité

Value Creation (Economic Moat)

ROIC

-61.9%

WACC

11.0%

ROIC − WACC

-72.9 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Critères d'analyse fondamentale

Réussi (7)

  • P/B Ratio 2.60
  • Debt/Equity ratio
  • Current Ratio
  • Interest Coverage
  • Low reliance on intangibles
  • Revenue Growth 5Y 190.3%
  • Analyst Consensus 64% Buy

Échoué (12)

  • EPS shows upward trend
  • Price CAGR -8.55%
  • ROIC -61.9%
  • Operating Margin -4911.3%
  • Positive Free Cash Flow
  • Return on Tangible Assets
  • DCF valuation (Overvalued)
  • ROE -110.4%
  • Earnings Surprise avg -1106.0%
  • Share Dilution 12.9%
  • Net Margin Trend -5769.0% vs 1162.5%
  • Piotroski F-Score 1/9

Indisponible (8)

  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • CapEx intensity
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Score F de Piotroski

1/9

Préoccupations financières sérieuses

score
criteria

Qualité des bénéfices

-

Qualité faible : examiner la comptabilité

Dilution du capital

12.9%

Émission de nouvelles actions, diluant la participation

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Frederick G. ThielCEO & Executive Chairman64
Mr. Salman H. KhanChief Financial Officer46
Mr. Zabi NowaidGeneral Counsel & Company Secretary43
Mr. James G. CrawfordChief Operating Officer50
Mr. John B. EllisChief Accounting Officer57
Mr. Robert SamuelsVice President of Investor Relations-
Ms. Summer AndersonChief People Officer-
Mr. Nir RikovitchChief Product Officer-
Mr. Daren D. ManciniChief Commercial Officer-
Mr. Duncan DickersonChief Growth & Strategy Officer-

Risque d'audit

9

Risque du conseil

7

Risque de rémunération

10

Risque droits des actionnaires

4

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Latest News

Recent headlines for MARA, sourced from Markets Gazette.

  • 19d agoNEGATIVE
    MARA swings to Q2 loss as Bitcoin’s slump masks higher output

    Marathon Digital Holdings (MARA) reported a Q2 loss, a stark contrast to the previous year's profit. This downturn was primarily driven by a significant 28% decrease in the average selling price of Bitcoin, despite the company achieving its highest quarterly Bitcoin production in over a year. The increased production volume, while a positive operational metric, was insufficient to offset the sharp decline in Bitcoin's market value. Investors are likely to view this performance negatively, as it highlights the company's sensitivity to cryptocurrency price volatility.

  • 28d agoPOSITIVE
    Galaxy, MARA Holdings deepen Texas expansion with land acquisitions

    Marathon Digital Holdings Inc. (MARA) and Galaxy Digital have announced separate land acquisitions in Texas, signaling a strategic expansion driven by escalating demand for power-intensive digital infrastructure, including AI. This move by MARA, a prominent Bitcoin miner, suggests a proactive approach to securing resources for future growth and operational scaling. The expansion aligns with the broader trend of increasing investment in data centers and energy-intensive computing, potentially positioning MARA favorably to capitalize on the evolving digital economy. Investors may view this expansion as a positive indicator of the company's long-term strategy and growth potential.

  • 7/9/2026POSITIVE
    MARA shares surge after 2 GW Texas infrastructure deal expands AI ambitions

    Marathon Digital Holdings Inc. (MARA) shares surged approximately 15% following the announcement of a strategic acquisition of a Texas site with up to 2 GW of power capacity. This move is designed to significantly expand the company's infrastructure for both Bitcoin mining and artificial intelligence (AI) operations. The substantial power capacity is a key enabler for energy-intensive digital asset activities. Investors are likely reacting positively to the company's ambitious expansion plans and diversification into AI, signaling potential for future growth and increased operational scale.

  • 7/6/2026POSITIVE
    Marathon Hash Rate Climbs To 31.5 EH/s As Miner Competition Tightens

    Marathon Digital Holdings Inc. has reported a significant increase in its self-mining hash rate, reaching 31.5 EH/s. This surge highlights the company's aggressive operational strategy and competitive positioning within the cryptocurrency mining sector, particularly in the post-halving environment. The rising hash rate indicates enhanced network participation and potentially greater Bitcoin production capacity. For investors, this development suggests Marathon's resilience and commitment to scaling operations, which could translate into improved future earnings and a stronger market presence.

  • 5/22/2026NEUTRAL
    Bitcoin miner MARA spent $4.3M on CEO security in 2025 as crypto attacks rise

    Marathon Digital Holdings Inc. (MARA) incurred $4.3 million in security expenses for CEO Fred Thiel during 2025. This expenditure comes amidst a global rise in cryptocurrency-related attacks, including 'wrench attacks'. While the spending highlights security concerns within the digital asset sector, it does not directly impact MARA's operational performance or future revenue potential. Investors should monitor the company's overall security posture and its effectiveness in mitigating risks in the volatile crypto landscape.

  • 5/14/2026NEGATIVE
    Bitcoin Miner MARA Stock Under Pressure Following $1.5 Billion Bitcoin Sell-Off

    MARA Holdings' stock experienced a significant downturn, dropping 5% during Tuesday's trading session and an additional 1.85% in after-hours trading. This decline followed the release of its first-quarter 2026 earnings, which revealed a net loss of $1.26 billion, more than double the previous year's loss. Revenue fell 18% to $175 million, impacted by lower Bitcoin prices. The company sold 20,880 BTC for nearly $1.5 billion, primarily to reduce convertible debt by $1 billion. MARA is also shifting away from aggressive Bitcoin mining, cutting 15% of its workforce and acquiring Long Ridge Energy for approximately $1.5 billion, a move that signals a strategic pivot towards AI and IT infrastructure.

  • 5/12/2026NEGATIVE
    MARA shares sink on first-quarter revenue miss, $1.3B loss

    Marathon Digital Holdings Inc. (MARA) experienced a significant share price decline following its first-quarter earnings report, which revealed a substantial $1.3 billion loss. While the company reiterated its commitment to Bitcoin mining as its core business, it also announced plans to diversify into the artificial intelligence (AI) sector. This dual strategy, coupled with the significant financial loss, has raised investor concerns about profitability and execution risk. The market's reaction suggests a lack of confidence in the company's immediate financial health and its ability to successfully pivot into new, capital-intensive ventures.

  • 4/30/2026POSITIVE
    MARA accelerates mining-to-AI pivot with $1.5B Ohio power plant deal

    Marathon Digital Holdings Inc. (MARA) has announced a significant strategic move, acquiring a 505-megawatt power plant and data center site in Ohio for an undisclosed sum, aiming to accelerate its pivot from Bitcoin mining to AI infrastructure. This expansion into AI computing power is expected to diversify revenue streams and leverage its existing energy infrastructure. The deal signals a proactive approach by MARA to capitalize on the burgeoning AI market, potentially unlocking new growth avenues beyond its core cryptocurrency operations. Investors are likely to view this as a positive development, reflecting adaptability and a forward-looking strategy.

  • 3/27/2026NEGATIVE
    MARA Sells $1B In Bitcoin At A Loss To Pay Down Debt As Hedge Fund CIO Warns: 'Just The Beginning'

    Marathon Digital Holdings Inc. (NASDAQ:MARA) has sold 15,133 Bitcoin, realizing a significant loss to service its debt obligations. This move comes amid warnings from a hedge fund CIO that such actions are 'just the beginning' for the crypto mining sector. The sale, executed at a loss, indicates potential financial distress or a strategic pivot to deleverage, which could negatively impact investor sentiment and the company's future growth prospects. The broader implications for the cryptocurrency market and other miners remain a key concern.

  • 3/27/2026NEGATIVE
    MARA Holdings Shares Slide As Bitcoin Falls And Spot Bitcoin ETFs See Outflows

    MARA Holdings Inc. experienced a notable share price decline Friday, mirroring the broader downturn in Bitcoin's value and significant outflows from spot Bitcoin ETFs. This correlation highlights the sensitivity of MARA's stock to cryptocurrency market fluctuations. Investors are closely monitoring the digital asset space, as continued negative momentum in Bitcoin and ETF redemptions could exert further downward pressure on MARA's valuation. The company's performance is intrinsically linked to the health and investor sentiment surrounding major cryptocurrencies.

via Markets Gazette