New York State Teachers Retirement System Raises Holdings in Marathon Digital Holdings, Inc. $MARA

Key Points

• New York State Teachers Retirement System boosted its stake in Marathon Digital by 28.9% to 427,726 shares (about $3.84M), representing roughly 0.11% of the company.
• Marathon launched a consent solicitation to amend $600M of Long Ridge notes to clear the way for a larger $1.5B acquisition of Long Ridge Energy & Power, a step that structurally de‑risks the deal but introduces execution and financing risk.
• Insiders sold 172,605 shares in the past quarter (including recent sales by the GC and CFO), while the company reported a major quarterly EPS miss (–$4.52 vs. –$0.23 est.) and holds a consensus "Hold" rating with a mean target of $18.22.

New York State Teachers Retirement System grew its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 427,726 shares of the business services provider's stock after buying an additional 95,970 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Marathon Digital worth $3,841,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MARA. Hollencrest Capital Management lifted its holdings in Marathon Digital by 2,407.4% in the 3rd quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider's stock worth $25,000 after buying an additional 1,300 shares during the period. Bessemer Group Inc. lifted its holdings in Marathon Digital by 56.8% in the 3rd quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider's stock worth $33,000 after buying an additional 659 shares during the period. Danske Bank A S purchased a new stake in Marathon Digital in the 3rd quarter worth approximately $55,000. Farther Finance Advisors LLC lifted its holdings in Marathon Digital by 50.8% in the 4th quarter. Farther Finance Advisors LLC now owns 7,754 shares of the business services provider's stock worth $70,000 after buying an additional 2,613 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Marathon Digital by 303.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 5,013 shares of the business services provider's stock worth $75,000 after buying an additional 3,771 shares during the period. Hedge funds and other institutional investors own 44.53% of the company's stock.

Insider Transactions at Marathon Digital

In other news, General Counsel Zabi Nowaid sold 42,090 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $12.00, for a total value of $505,080.00. Following the completion of the transaction, the general counsel owned 1,007,047 shares of the company's stock, valued at approximately $12,084,564. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Hassan Khan sold 16,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $11.68, for a total value of $186,880.00. Following the completion of the transaction, the chief financial officer directly owned 441,066 shares of the company's stock, valued at $5,151,650.88. This represents a 3.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 172,605 shares of company stock valued at $1,745,843. Corporate insiders own 0.80% of the company's stock.

Marathon Digital Stock Down 2.5%

Shares of NASDAQ:MARA opened at $12.70 on Friday. Marathon Digital Holdings, Inc. has a 52-week low of $6.66 and a 52-week high of $23.45. The firm has a market capitalization of $4.84 billion, a P/E ratio of -3.21 and a beta of 5.41. The stock has a 50 day moving average price of $9.69 and a 200-day moving average price of $10.93. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.27 and a current ratio of 1.27.

Marathon Digital (NASDAQ:MARA - Get Free Report) last announced its earnings results on Thursday, February 26th. The business services provider reported ($4.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($4.29). Marathon Digital had a negative return on equity of 19.01% and a negative net margin of 144.58%.The firm had revenue of $202.31 million during the quarter, compared to the consensus estimate of $250.74 million. During the same period in the prior year, the company posted $1.24 EPS. The firm's revenue was down 5.6% on a year-over-year basis. As a group, equities research analysts anticipate that Marathon Digital Holdings, Inc. will post -0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MARA. Cantor Fitzgerald dropped their price objective on Marathon Digital from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. Weiss Ratings cut Marathon Digital from a "hold (c-)" rating to a "sell (d)" rating in a report on Friday, March 6th. Piper Sandler dropped their price objective on Marathon Digital from $26.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, January 14th. Rosenblatt Securities increased their price objective on Marathon Digital from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Finally, HC Wainwright reiterated a "neutral" rating on shares of Marathon Digital in a report on Friday, February 27th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.22.

Trending Headlines about Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: MARA launched a formal consent solicitation to amend the Indenture for $600M of Long Ridge Energy senior secured notes so the pending acquisition won’t trigger change‑of‑control defaults — a step that reduces a financing/legal obstacle to completing the larger $1.5B purchase of Long Ridge Energy & Power. This can be viewed as de‑risking the deal execution and advancing MARA’s pivot toward owning energy/digital infrastructure. MARA seeks bondholder consent for Long Ridge notes ahead of $1.5 billion acquisition
• Neutral Sentiment: Official company filing/press release confirmed the consent solicitation and provided terms and next steps — this gives investors formal disclosure but also introduces short‑term execution risk while bondholder votes are solicited. MARA Announces Launch of Consent Solicitation for the 8.750% Senior Secured Notes due 2032 of Long Ridge Energy LLC
• Neutral Sentiment: Market commentary and Zacks/Yahoo pieces note increased investor attention in MARA — higher search/coverage can boost liquidity and speculation but doesn’t itself change fundamentals. The coverage signals that the upcoming deal and strategy shift are drawing focus. Marathon Digital Holdings, Inc. (MARA) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Reports that Texas residents have filed multiple lawsuits alleging noise, health effects and property‑value impacts at a MARA Holdings mining site increase legal/operational risk and potential costs as the company repositions toward energy ownership and infrastructure. Litigation and community opposition could slow projects or add liabilities. MARA Holdings Faces Texas Lawsuits As It Repositions Toward Energy Ownership
• Negative Sentiment: Underlying fundamentals remain a concern — recent quarterly results showed a large EPS miss and negative margins, and the acquisition is capital‑intensive (note sizes, leverage considerations). That combination raises execution and financing risk, which can pressure the share price until the deal and profitability outlook are clearer. Marathon Digital Holdings, Inc. (MARA) Registers a Bigger Fall Than the Market: Important Facts to Note

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.

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