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MARA

6.14USD-0.77(-11.14%)Market Closed

MARATHON DIGITAL HOLDINGS, INC.

Market Summary

USD6.14-0.77Market Closed
-11.14%

MARA Alerts

MARA Stock Price

RSI Chart

Valuation

Market Cap

1.6B

Price/Earnings

-7.52

Price/Sales

8.58

Price/Cashflow

-30.95

MarketCap/EBT

-8.67

Price/Sales

Profitability

Operating Margin

44.03%

EBT Margin

-98.96%

Return on Equity

-32.64%

Return on Assets

-14.26%

Fundamentals

Revenue

Revenue (TTM)

149.6M

Revenue Y/Y

465.05%

Revenue Q/Q

-14.21%

Earnings

Earnings (TTM)

-268.5M

Earnings Y/Y

-240.16%

Earnings Q/Q

60.65%

Price Action

52 Week Range

5.2047.21
(Low)(High)

Last 7 days

11.1%

Last 30 days

-36.7%

Last 90 days

-39.3%

Trailing 12 Months

-85.9%

Financial Health

Current Ratio

4.02

Debt/Equity

1.1

Debt/Cashflow

-0.07

Investor Care

Shares Dilution (1Y)

13.85%

Diluted EPS (TTM)

-1.31

Peers (Alternatives to MARATHON DIGITAL HOLDINGS)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
319.9B
21.6B
12.58% 12.93%
32.98
14.79
21.63% 34.86%
182.1B
59.6B
10.16% -16.72%
27.47
3.06
24.28% 14.71%
124.9B
47.1B
9.95% 33.48%
98.94
2.65
-8.51% -73.52%
51.6B
14.5B
-6.81% -29.01%
61.01
3.59
7.14% 307.39%
35.6B
16.3B
24.78% -64.52%
-72.87
2.19
2.24% -185.26%
MID-CAP
7.2B
2.2B
9.36% 32.59%
55.43
3.22
27.25% 192.65%
6.9B
15.4B
2.49% -5.50%
12.68
0.43
-8.73% 94.10%
5.4B
4.7B
10.74% -12.30%
6.04
1.1
-7.70% 1.95%
2.1B
1.1B
0.87% 15.64%
46.55
1.96
5.13% -31.88%
SMALL-CAP
1.6B
149.6M
-36.69% -85.92%
-7.52
8.58
1394.29% -407.23%
930.7M
273.2M
-4.68% -68.88%
-46.52
3.41
90.70% -113.26%
884.8M
3.9B
9.40% -19.73%
8.27
0.22
-5.47% 11000.00%
601.3M
2.0B
-48.20% -75.18%
-2.68
0.3
-6.20% 49.90%
549.4M
268.8M
53.57% -46.78%
-65.73
2.13
35.40% 108.62%

Financials for MARATHON DIGITAL HOLDINGS

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-20.7%15018919315093
Cost Of Revenue-106
Operating Expenses-29.4%233329214236202
  S&GA Expenses48.8%322
Earnings Before Taxes-31.6%-245.68-186.68-113.77-13.15-52.93
Net Income-24.7%-268.50-215.25-132.49-36.17-52.93
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.2%1,4761,5101,5381,448664
  Current Assets-33.7%240362593688555
    Cash Equivalents-36.0%558611926933
  Net PPE28.4%40431433327694
Liabilities49.7%765511---
  Current Liabilities-49.5%469015144
  Long Term Debt-728----
Shareholder's Equity-5.2%625659774683660
  Retained Earnings-21.1%-432.26-356.84-165.19-152.23-163.76
  Additional Paid-In Capital4.0%1,0581,017940836825
Accumulated Depreciation-51.6%2755352114
Shares Outstanding2.6%117114106103103
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-12.0%-58.55-52.27-41.19-18.22-48.24
  Share Based Compensation-77.3%27121119161152
Cashflow From Investing6.9%-887.77-953.47-862.68-891.92-438.39
Cashflow From Financing5.7%9789258101,037502

Risks

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.

Returns

Cumulative Returns on MARA

-23.7%


10-Year Cumulative Returns

-18.9%


7-Year Cumulative Returns

-19.0%


5-Year Cumulative Returns

74.5%


3-Year Cumulative Returns

What are the long-term rolling returns for MARA?

FIve years rolling returns for MARATHON DIGITAL HOLDINGS.

Which funds bought or sold MARA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
REDUCED
-2.48
6,516,000
13,334,000
0.55%
2022-11-22
B. Riley Wealth Advisors, Inc.
REDUCED
-49.06
4,000
148,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
ADDED
3.07
723,000
1,400,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
94.74
689,000
926,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-21,000
-
-%
2022-11-15
JANE STREET GROUP, LLC
ADDED
90.51
3,514,000
4,760,000
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO
UNCHANGED
-
75,000
149,000
-%
2022-11-15
OLIVER LAGORE VANVALIN INVESTMENT GROUP
ADDED
74.85
14,000
19,000
0.01%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%
2022-11-15
ALLIANCEBERNSTEIN L.P.
ADDED
0.27
654,000
1,301,000
-%

1–10 of 33

Latest Funds Activity

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

MARATHON DIGITAL HOLDINGS News

InvestorsObserver

Financial Services Stocks Making Moves Monday: WDH, AINC, FNMAL, PNGAY, EHTH, MARA, SI, NBHC.2 hours ago

MARA Fair Value

Recent SEC filings of MARATHON DIGITAL HOLDINGS

View All Filings
Date Filed Form Type Document
Nov 28, 2022
8-K
Current Report
Nov 14, 2022
10-Q
Quarterly Report
Nov 09, 2022
NT 10-Q
NT 10-Q
Nov 07, 2022
8-K
Current Report
Oct 17, 2022
8-K
Current Report
Oct 11, 2022
4
Insider Trading
Sep 20, 2022
8-K
Current Report
Sep 13, 2022
8-K
Current Report
Sep 12, 2022
DEF 14A
DEF 14A
Sep 02, 2022
PRE 14A
PRE 14A

Latest Insider Trading transactions for MARA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
ANTOUN GEORGES
ACQUIRED
229,271
18.15
12,632
-
2022-04-25
Leupp Jay P
ACQUIRED
229,271
18.15
12,632
-
2022-04-25
Ouissal Said
ACQUIRED
124,255
18.15
6,846
-
2022-04-25
James Sarita M.
ACQUIRED
137,994
18.15
7,603
-
2022-04-25
Thiel Frederick G
ACQUIRED
1,600,850
18.15
88,201
CEO
2022-04-25
DENUCCIO KEVIN A
ACQUIRED
229,271
18.15
12,632
-
2022-04-18
Ouissal Said
ACQUIRED
40,546
20.9
1,940
-

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