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Marathon Digital (MARA) Stock Price, News & Analysis

+1.08 (+4.57%)
(As of 07/19/2024 ET)
Today's Range
50-Day Range
52-Week Range
60.86 million shs
Average Volume
62.47 million shs
Market Capitalization
$6.99 billion
P/E Ratio
Dividend Yield
Price Target

Marathon Digital MarketRank™ Stock Analysis

Analyst Rating
2.25 Rating Score
20.7% Downside
$19.61 Price Target
Short Interest
24.92% of Shares Sold Short
Dividend Strength
News Sentiment
0.63mentions of Marathon Digital in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$209,448 Sold Last Quarter
Proj. Earnings Growth
From ($0.55) to ($0.07) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.41 out of 5 stars

Business Services Sector

225th out of 293 stocks

Data Processing & Preparation Industry

42nd out of 51 stocks

MARA stock logo

About Marathon Digital Stock (NASDAQ:MARA)

Marathon Digital Holdings Inc, also known as Marathon Patent Group, is a digital asset technology company based in Las Vegas, Nevada. The blockchain technology-based mining company specializes in producing digital assets like Bitcoin.

The company was formerly known as Marathon Patent Group and was a patent-holding company that held patents but did not produce products, instead operating as a patent trolling company that purchases patents and then takes legal action against patent infringers. In 2020 Marathon Patent Group changed its name to Marathon Digital Holdings Inc.

It partnered with the Hardin Generating Station Montana coal plant to power the adjacently constructed Marathon bitcoin mining center. 

The company's leadership team comprises experienced professionals with finance, law and technology backgrounds. The chief executive officer is Fred Thiel, who replaced Merrick Okamoto as the CEO and Chairman of the Board. Fred Thiel previously worked as Marathon's Lead Independent Director.

Other notable executive management team members include Hugh Gallagher, the Chief Financial Officer with over thirty years of experience in capital markets, investment analysis and treasury management.

Also notable is Ashu Swami, the Chief Technology Officer, an experienced chip designer, crypto and DeFi expert. Ashu Swami brings Marathon deep technical, regulatory and market expertise. Ashu Swami joins Marathon Digital Holdings from his previous employer Core Scientific, where he served as the chief product officer, leading the company's foray into DeFi and heading mining hardware and software optimization.

Marathon Digital Holdings has experienced growth issues since its inception, with the stock price dropping from its IPO price of $100 to around $8. The company's gross profit margins have improved over time, but the company's blended profit margin since the IPO is about -180%.

The company has debt levels that have remained at approximately 50% of its asset value. In December 2020, Marathon Digital Holdings completed a public offering of common stock, raising $250 million in net proceeds.

Marathon Digital Holdings trades at a price-to-earnings ratio higher than the industry average, and the company's price-to-book ratio is more than twice the industry average. These metrics suggest that Marathon Digital Holdings is valued at a premium over its industry peers.

The company's stock price has experienced significant volatility in recent years, especially after the bitcoin crash of 2021. Trading volume has been higher than industry peers averaging around 31 million daily shares.

Marathon Digital Holdings operates in the rapidly growing blockchain technology industry, which has been gaining mainstream attention in recent years. The industry is characterized by high competition, with a few dominant players and many smaller firms. The industry is also subject to regulatory and political risks, with many governments worldwide taking different approaches to regulating cryptocurrencies and blockchain technology.

Marathon Digital Holdings has several potential growth opportunities, including expanding its mining operations, launching new digital asset products and exploring partnerships with other blockchain technology companies. The company has recently invested in new mining equipment, which is expected to increase its mining capacity significantly. The company is also exploring new products, such as the potential launch of a Bitcoin exchange-traded fund.

Marathon Digital Holdings is subject to significant price fluctuations, impacting the company's revenue and profitability. The regulatory environment surrounding blockchain technology is still determined, and regulation changes could affect the company's operations. The industry is subject to intense competition, and Marathon Digital Holdings must continue to innovate and stay ahead of its competitors.

Another challenge for Marathon Digital Holdings is the reliance on the Bitcoin mining industry. If the Bitcoin network experiences significant disruptions or a decline in popularity, it could negatively impact the company's revenue and profitability.

The company is also subject to operational risks, such as cybersecurity threats, equipment failure and electricity and internet connectivity availability. These risks could impact the company's ability to mine digital assets and generate revenue.

MARA Stock Price History

MARA Stock News Headlines

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Bitcoin has sharply bounced close to 12% over the previous five days, driven by lower-than-expected CPI data and political news, lifting several crypto stocks.
AI brain
Applied Digital Boosts Stock with Cutting-Edge AI Data Centers (MARA)
Applied Digital Co. (NASDAQ: APLD) designs, develops and operates next-generation (gen) data centers accommodating artificial intelligence (AI) service provider
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Why Are Marathon Digital Shares Surging Today?
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Company Calendar

Last Earnings
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

Data processing & preparation
Business Services
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
8 Analysts


Net Income
$261.17 million
Pretax Margin


Sales & Book Value

Annual Sales
$387.51 million
Cash Flow
$0.94 per share
Book Value
$7.26 per share


Free Float
Market Cap
$6.99 billion
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MARA Stock Analysis - Frequently Asked Questions

How have MARA shares performed this year?

Marathon Digital's stock was trading at $23.49 at the start of the year. Since then, MARA stock has increased by 5.3% and is now trading at $24.73.
View the best growth stocks for 2024 here

How were Marathon Digital's earnings last quarter?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) released its quarterly earnings data on Thursday, May, 9th. The business services provider reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.02 by $0.08. The business services provider earned $165.20 million during the quarter, compared to analyst estimates of $193.89 million. Marathon Digital had a negative trailing twelve-month return on equity of 3.80% and a net margin of 106.46%.

When did Marathon Digital's stock split?

Marathon Digital's stock reverse split on the morning of Monday, October 30th 2017. The 1-4 reverse split was announced on Friday, October 27th 2017. The number of shares owned by shareholders was adjusted after the market closes on Friday, October 27th 2017. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Who are Marathon Digital's major shareholders?

Top institutional shareholders of Marathon Digital include IMC Chicago LLC, SG Americas Securities LLC (0.05%), Brookstone Capital Management (0.03%) and Assenagon Asset Management S.A. (0.03%). Insiders that own company stock include Kevin A Denuccio, Frederick G Thiel, Said Ouissal, Douglas K Mellinger, Ashu Swami and Merrick D Okamoto.
View institutional ownership trends

How do I buy shares of Marathon Digital?

Shares of MARA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Marathon Digital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Marathon Digital investors own include Sierra Wireless (SWIR), Riot Platforms (RIOT), Sorrento Therapeutics (SRNE), Advanced Micro Devices (AMD), Biocept (BIOC), Bausch Health Companies (BHC) and Micron Technology (MU).

This page (NASDAQ:MARA) was last updated on 7/19/2024 by Staff

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