MARA Holdings, Inc. (MARA)
NEUTRAL基本面
28
价格
$11.89
市值
$4.30B
第一部分 · 这家公司值多少
概览
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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
资产负债表与流动性
营收
$60M
最近12个月(截至2026/6/30)
净利润
$-3.46B
最近12个月(截至2026/6/30)
自由现金流
$-1.21B
股东权益合计
$3.47B
负债合计
$3.81B
流动比率
0.89
利息覆盖率
69.16
债务/EBITDA
-
每股收益
营收与净利润
自由现金流
收入构成
历史财务表
利润率变化
债务变化
债务负担有多重
增长一览表
增长 — 营业收入
公允价值估算
公允价值
$10.10
当前价格
$11.89
安全边际
-17.8%
公允价值区间
$6.56 - $13.63
估算方法
估值指标
市盈率(P/E)
-
ROE
-37.8%
市净率(P/B)
2.60
P/FCF
-
毛利率
-
ROIC
-61.9%
盈利能力雷达图
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.
基本面分析标准
通过(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
未通过(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
不可用(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)
Piotroski F-评分
存在严重财务隐患
盈利质量
低质量:需深入审查会计处理
股权稀释
正在发行新股,稀释所有权
公司治理
管理团队
| 姓名 | 职位 | 年龄 |
|---|---|---|
| Mr. Frederick G. Thiel | CEO & Executive Chairman | 64 |
| Mr. Salman H. Khan | Chief Financial Officer | 46 |
| Mr. Zabi Nowaid | General Counsel & Company Secretary | 43 |
| Mr. James G. Crawford | Chief Operating Officer | 50 |
| Mr. John B. Ellis | Chief Accounting Officer | 57 |
| Mr. Robert Samuels | Vice President of Investor Relations | - |
| Ms. Summer Anderson | Chief People Officer | - |
| Mr. Nir Rikovitch | Chief Product Officer | - |
| Mr. Daren D. Mancini | Chief Commercial Officer | - |
| Mr. Duncan Dickerson | Chief Growth & Strategy Officer | - |
审计风险
9
董事会风险
7
薪酬风险
10
股东权利风险
4
第二部分 · 价格与买入时机
这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。
Latest News
Recent headlines for MARA, sourced from Markets Gazette.
- 19d agoNEGATIVEMARA 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 agoPOSITIVEGalaxy, 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.
- 7/9/2026POSITIVEMARA 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.
- 7/6/2026POSITIVEMarathon 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.
- 5/22/2026NEUTRALBitcoin 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.
- 5/14/2026NEGATIVEBitcoin 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.
- 5/12/2026NEGATIVEMARA 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.
- 4/30/2026POSITIVEMARA 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.
- 3/27/2026NEGATIVEMARA 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.
- 3/27/2026NEGATIVEMARA 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