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MARATHON DIGITAL HOLDINGS, INC. Stock Research

MARA

7.63USD+0.54(+7.62%)Market Closed

Market Summary

USD7.63+0.54
Market Closed
7.62%

MARA Stock Price

MARA RSI Chart

MARA Valuation

Market Cap

891.3M

Price/Earnings (Trailing)

-3.32

Price/Sales (Trailing)

5.96

EV/EBITDA

-5.16

Price/Free Cashflow

-10.54

MARA Price/Sales (Trailing)

MARA Profitability

Operating Margin

44.03%

EBT Margin

-164.21%

Return on Equity

-42.95%

Return on Assets

-18.19%

Free Cashflow Yield

-9.49%

MARA Fundamentals

MARA Revenue

Revenue (TTM)

149.6M

Revenue Y/Y

-75.46%

Revenue Q/Q

-49.08%

MARA Earnings

Earnings (TTM)

-268.5M

Earnings Y/Y

-240.16%

Earnings Q/Q

60.65%

Price Action

52 Week Range

3.1132.74
(Low)(High)

Last 7 days

14.7%

Last 30 days

21.2%

Last 90 days

63.4%

Trailing 12 Months

-68.4%

MARA Financial Health

Current Ratio

5.27

Debt/Equity

1.1

Debt/Cashflow

-0.07

MARA Investor Care

Shares Dilution (1Y)

15.88%

Peers (Alternatives to MARATHON DIGITAL HOLDINGS)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
335.8B
22.2B
-6.13% 4.21%
33.82
15.1
17.76% 14.31%
159.4B
62.4B
-14.63% -21.30%
22.6
2.56
16.08% 13.77%
112.7B
60.5B
-10.24% 1.76%
68.79
1.86
5.54% -71.46%
44.5B
17.5B
-3.58% -28.15%
-82.3
2.54
-0.73% -425.19%
31.6B
14.5B
-21.86% -44.06%
-1.89
2.17
4.69% -4109.59%
MID-CAP
7.5B
2.4B
-13.20% 6.34%
45.03
3.2
27.02% 23.58%
5.4B
14.8B
-21.29% -25.03%
7.52
0.36
-10.79% 217.70%
4.0B
4.5B
-25.42% -36.83%
4.4
0.89
-11.74% 13.01%
SMALL-CAP
1.6B
1.1B
-17.43% -18.78%
36.68
1.48
4.13% -39.09%
891.3M
149.6M
21.20% -68.36%
-3.32
5.96
61.17% -407.23%
761.6M
310.5M
-22.96% 9.02%
-26.07
2.45
46.95% -279.40%
733.6M
3.9B
-23.97% -24.66%
-4.03
0.19
-6.81% -550.00%
571.5M
279.2M
-30.85% -51.37%
44.52
2.05
27.35% 125.63%
233.9M
2.0B
-37.32% -83.97%
-2.21
0.12
-3.63% 76.37%

Financials for MARATHON DIGITAL HOLDINGS

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-20.7%149,611,601188,628,632193,028,673150,463,77092,825,766
Cost Of Revenue-105,574,544----
Operating Expenses-12.5%311,028,025355,640,253233,318,391235,551,500143,191,964
  S&GA Expenses-239.8%-191,271,358-56,290,6832,216,489100,062,404-
EBITDA-25.8%-162,094,316-128,844,515-76,815,5733,247,048-
EBITDA Margin-58.6%-1.08-0.68-0.400.02-
Earnings Before Taxes-31.6%-245,672,636-186,675,464-113,767,650-13,153,785-52,937,196
EBT Margin-65.9%-1.64-0.99-0.59-0.09-
Interest Expenses46.2%11,881,6968,129,6824,382,5631,569,7312,693
Net Income-24.7%-268,501,699-215,251,859-132,489,837-36,174,506-52,934,672
Net Income Margin-57.3%-1.79-1.14-0.69-0.24-
Free Cahsflow-270.3%-84,542,980-22,829,234-136,482,887-109,449,616-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.2%1,4761,5101,5381,448664
  Current Assets-33.7%240362593688555
    Cash Equivalents-36.0%55.0086.0011926933.00
  Net PPE28.4%40431433327694.00
Liabilities49.7%765511---
  Current Liabilities-49.5%46.0090.0015.0014.004.00
  Long Term Debt-728----
Shareholder's Equity-5.2%625659774683660
  Retained Earnings-21.1%-432-356-165-152-163
  Additional Paid-In Capital4.0%1,0581,017940836825
Accumulated Depreciation-51.6%27.0055.0035.0021.0014.00
Shares Outstanding2.6%117114106103101
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-11.1%-58.10-52.31-41.19-18.22-48.68
  Share Based Compensation-77.3%27.00121119161152
Cashflow From Investing6.8%-888-953-862-891-437
Cashflow From Financing5.7%9789258101,037502

Risks for MARA

What is the probability of a big loss on MARA?

100%


Probability that MARATHON DIGITAL HOLDINGS stock will be more than 20% underwater in next one year

100%


Probability that MARATHON DIGITAL HOLDINGS stock will be more than 30% underwater in next one year.

100%


Probability that MARATHON DIGITAL HOLDINGS stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MARA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MARATHON DIGITAL HOLDINGS was unfortunately bought at previous high price.

Drawdowns

Returns for MARA

Cumulative Returns on MARA

-17.9%


10-Year Cumulative Returns

-19.5%


7-Year Cumulative Returns

1.5%


5-Year Cumulative Returns

128.4%


3-Year Cumulative Returns

What are the long-term rolling returns for MARA?

FIve years rolling returns for MARATHON DIGITAL HOLDINGS.

Annualized Returns

Which funds bought or sold MARA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
5.49
-98,450
49,550
-%
2023-03-10
BAILLIE GIFFORD & CO
unchanged
-
-1,316
684
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.06
-89,290
41,710
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-89.02
-69,000
2,000
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-66.03
-16,990
2,010
-%
2023-03-01
Lakewood Asset Management LLC
new
-
1,000
1,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-73.32
-1,637,440
152,556
-%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-53.73
-789,179
136,821
-%
2023-02-24
NATIXIS
reduced
-0.37
-220,904
93,096
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-58,000
-
-%

1–10 of 31

Latest Funds Activity

Are funds buying MARA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MARA
No. of Funds

MARATHON DIGITAL HOLDINGS News

Investing.com UK

Charles Schwab To Rally Over 19%? Here Are 10 Other Analyst ....

Investing.com UK,
2 hours ago

Schedule 13G FIlings of MARATHON DIGITAL HOLDINGS

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.39%
10,968,955
SC 13G/A
Jan 31, 2023
blackrock inc.
7.4%
8,620,526
SC 13G/A
Aug 19, 2022
okamoto merrick d
4.25%
4,964,604
SC 13G
Feb 04, 2022
blackrock inc.
6.5%
6,717,492
SC 13G
Aug 25, 2021
okamoto merrick d
5.36%
5,486,480
SC 13G
Apr 06, 2021
two point one, llc
0%
0
SC 13D/A
Apr 01, 2021
two point one, llc
3.0%
3e+06
SC 13D/A
Nov 25, 2020
two point one, llc
5.7%
3e+06
SC 13D
Nov 09, 2020
lucky liefern llc
5.8%
3e+06
SC 13D

MARA Fair Value

MARATHON DIGITAL HOLDINGS fair value in different scenarios

The table shows the Fair Value estimates for MARATHON DIGITAL HOLDINGS for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

3.59

-52.95%

5.21

-31.72%

9.70

27.13%

14.89

95.15%

23.83

212.32%
Current Inflation

3.43

-55.05%

4.88

-36.04%

8.81

15.47%

13.28

74.05%

20.98

174.97%
Very High Inflation

3.24

-57.54%

4.47

-41.42%

7.74

1.44%

11.37

49.02%

17.61

130.80%

Historical MARATHON DIGITAL HOLDINGS Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of MARATHON DIGITAL HOLDINGS

View All Filings
Date Filed Form Type Document
Mar 16, 2023
10-K
Annual Report
Mar 08, 2023
8-K
Current Report
Feb 28, 2023
8-K
Current Report
Feb 28, 2023
NT 10-K
NT 10-K
Feb 09, 2023
SC 13G/A
Major Ownership Report
Jan 31, 2023
SC 13G/A
Major Ownership Report
Jan 27, 2023
8-K
Current Report
Dec 30, 2022
4/A
Insider Trading
Dec 29, 2022
4
Insider Trading
Dec 22, 2022
4
Insider Trading

Latest Insider Trading transactions for MARA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-12-28
MELLINGER DOUGLAS K
bought
98,100
3.27
30,000
-
2022-12-28
MELLINGER DOUGLAS K
bought
32,700
3.27
10,000
-
2022-12-19
MELLINGER DOUGLAS K
bought
38,400
3.84
10,000
-
2022-12-16
Thiel Frederick G
bought
19,100
3.82
5,000
ceo
2022-12-14
Leupp Jay P
acquired
5,285
4.84
1,092
-
2022-12-13
DENUCCIO KEVIN A
bought
338,800
4.84
70,000
-
2022-10-10
Thiel Frederick G
sold
-403,875
10.77
-37,500
ceo
2022-08-23
DENUCCIO KEVIN A
bought
68,600
13.72
5,000
-
2022-05-12
DENUCCIO KEVIN A
bought
148,533
9.63
15,424
-
2022-04-25
Leupp Jay P
acquired
229,271
18.15
12,632
-

1–10 of 50

Frederick G. Thiel
9
Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. 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 Las Vegas, Nevada.

MARA Income Statement

2022-09-30
Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Total Revenues$ 12,690,452$ 51,707,483$ 89,329,986$ 90,182,155
Cost of revenues    
Cost of revenues - energy, hosting and other(13,772,555)(5,922,811)(42,974,265)(11,647,457)
Cost of revenues - depreciation and amortization(26,294,842)(4,340,198)(64,881,323)(8,015,801)
Total costs and expenses(40,067,397)(10,263,009)(107,855,588)(19,663,258)
Operating expenses    
General and administrative expenses(12,352,008)(99,235,984)(39,187,098)(159,411,404)
Legal reserves(24,960,000)(24,960,000)
Impairment of deposits due to vendor bankruptcy filing(7,987,147)(7,987,147)
Impairment of digital currencies(5,903,891)(6,731,890)(153,045,376)(18,472,750)
Impairment of patents(919,363)
Realized and unrealized gains (losses) on digital currencies held in fund42,086,907(85,016,208)59,410,028
Gain on sale of equipment, net of disposals31,934,30790,115,824
Total operating expenses(19,268,739)(63,880,967)(220,999,368)(118,474,126)
Operating loss(46,645,684)(22,436,493)(239,524,970)(47,955,229)
Impairment of loan and investment due to vendor bankruptcy filing(31,012,853)(31,012,853)
Other non-operating income238,159261,273632,132254,024
Interest expense(3,752,301)(287)(10,314,659)(2,694)
Loss before income taxes(81,172,679)(22,175,507)(280,220,350)(47,703,899)
Income tax benefit5,750,2722,940192,7123,454
Net loss$ (75,422,407)$ (22,172,567)$ (280,027,638)$ (47,700,445)
Net loss per share, basic and diluted:$ (0.65)$ (0.22)$ (2.56)$ (0.49)
Weighted average shares outstanding, basic and diluted:116,533,816100,803,809109,492,86598,230,795

MARA Balance Sheet

2022-09-30
Consolidated Condensed Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 55,339,400$ 268,555,837
Restricted cash8,800,000
Digital currencies126,418,098102,805,980
Digital currencies loaned20,437,284
Digital currencies held in fund223,915,761
Receivable from sale of equipment1,000,000
Deposits22,533,56934,458,347
Loan receivable30,000,000
Prepaid expenses and other current assets26,015,9438,148,116
Total current assets240,107,010688,321,325
Other assets:  
Property and equipment (net of accumulated depreciation of $26,809,659 and $21,311,461, respectively)403,522,538276,242,794
Advances to vendors687,777,200466,254,623
Investments36,999,9943,000,000
Digital currencies, restricted70,743,342
Long term deposits26,554,033
Long term prepaids8,703,54213,665,589
Right-of-use assets1,369,774
Intangible assets (net of accumulated amortization of $280,497 at December 31, 2021)931,226
Total other assets1,235,670,423760,094,232
TOTAL ASSETS1,475,777,4331,448,415,557
Current liabilities:  
Accounts payable19,051,36910,867,403
Accrued expenses2,140,5442,230,870
Legal reserve payable21,199,549
Operating lease liabilities306,444
Current portion of accrued bond interest2,843,611867,260
Total current liabilities45,541,51713,965,533
Long-term liabilities  
Convertible notes731,318,578728,405,922
Term loan49,863,008
Operating lease liabilities1,131,810
Deferred tax liabilities22,820,55823,020,721
Total long-term liabilities805,133,954751,426,643
Commitments and Contingencies
Stockholders’ Equity:  
Preferred stock, 0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively
Common stock, 0.0001 par value; 200,000,000 shares authorized; 116,810,405 and 102,733,273 issued and outstanding at September 30, 2022 and December 31, 2021, respectively11,68110,273
Additional paid-in capital1,057,798,421835,693,610
Accumulated other comprehensive loss(450,719)(450,719)
Accumulated deficit(432,257,421)(152,229,783)
Total stockholders’ equity625,101,962683,023,381
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$ 1,475,777,433$ 1,448,415,557