Marathon Digital (MARA) Stock Price, News & Analysis

Company Overview

Marathon Digital is a digital asset technology company that specializes in cryptocurrency mining, with a primary focus on Bitcoin. The company owns and operates one of the largest self-mining fleets in North America, deploying specialized computing equipment to validate transactions and secure blockchain networks. Marathon’s infrastructure strategy emphasizes scalability, operational efficiency and the integration of advanced cooling and power management systems to optimize mining performance.

Originally founded in 2010 as Marathon Patent Group, the business pivoted to cryptocurrency mining in late 2017 in response to the growing adoption of digital currencies. Since then, Marathon has expanded its capabilities through the acquisition of high-performance mining rigs and the development of proprietary data center facilities. The company’s listing on the NASDAQ under the symbol MARA underscores its evolution from intellectual property holdings to a pure-play digital asset miner.

Marathon’s operations are concentrated in regions with access to low-cost and low-carbon energy sources. Its mining sites span several U.S. jurisdictions, including facilities in Texas and Montana, where it has forged partnerships with energy providers to secure long-term power supply agreements. This geographic diversification aims to balance energy reliability, sustainability goals and regulatory compliance.

Under the leadership of CEO Fred Thiel, Marathon Digital pursues a strategy of continuous growth and technological innovation. The company’s management team combines expertise in blockchain technology, data center engineering and capital markets to advance its mission of becoming one of the most efficient and sustainable Bitcoin miners globally.

Key Stats

• Today's Range: $17.95 to $19.19
• 50-Day Range: $13.09 to $18.98
• 52-Week Range: $9.81 to $30.28
• Volume: 45.46 million shs
• Average Volume: 45.23 million shs
• Market Capitalization: $6.68 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $20.94
• Consensus Rating: Hold

Marathon Digital Stock Analysis - MarketRank™

Marathon Digital scored higher than 40% of companies evaluated by MarketBeat, and ranked 687th out of 906 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Marathon Digital has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 5 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Marathon Digital has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Marathon Digital are expected to grow in the coming year, from ($1.04) to ($0.56) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Marathon Digital is -13.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Marathon Digital is -13.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Marathon Digital has a P/B Ratio of 1.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

27.74% of the float of Marathon Digital has been sold short.

Short Interest Ratio / Days to Cover

Marathon Digital has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Marathon Digital has recently increased by 10.64%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Marathon Digital does not currently pay a dividend.

Dividend Growth

Marathon Digital does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

27.74% of the float of Marathon Digital has been sold short.

Short Interest Ratio / Days to Cover

Marathon Digital has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Marathon Digital has recently increased by 10.64%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: 0.85

News Sentiment

Marathon Digital has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Marathon Digital this week, compared to 23 articles on an average week.

Search Interest

Only 38 people have searched for MARA on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.

MarketBeat Follows

Only 18 people have added Marathon Digital to their MarketBeat watchlist in the last 30 days. This is a decrease of -5% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Marathon Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,072,049.00 in company stock.

Percentage Held by Insiders

Only 0.80% of the stock of Marathon Digital is held by insiders.

Percentage Held by Institutions

44.53% of the stock of Marathon Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MARA Stock Analysis - Frequently Asked Questions

How have MARA shares performed this year?

Marathon Digital's stock was trading at $16.77 on January 1st, 2025. Since then, MARA shares have increased by 13.2% and is now trading at $18.9840.

How were Marathon Digital's earnings last quarter?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) released its quarterly earnings data on Thursday, May, 8th. The business services provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.34) by $0.06. Marathon Digital's revenue for the quarter was up 29.5% compared to the same quarter last year.
Read the conference call transcript.

When did Marathon Digital's stock split?

Marathon Digital shares 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 investors of Marathon Digital include Exchange Traded Concepts LLC (0.33%), Fiduciary Alliance LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.02%) and Thrive Wealth Management LLC (0.01%). Insiders that own company stock include Frederick G Thiel, Salman Hassan Khan, Kevin A Denuccio, Douglas K Mellinger, Jay P Leupp, Said Ouissal and Ashu Swami.
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.

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 NVIDIA (NVDA), Meta Platforms (META), Zomedica (ZOM), Tesla (TSLA), Advanced Micro Devices (AMD), Riot Platforms (RIOT) and

Company Calendar

• Last Earnings: 5/08/2025
• Today: 7/10/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - MISC SVCS
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:MARA
• Previous Symbol: NASDAQ:MARA
• CIK: 1507605
• Web: www.marathonpg.com
• Phone: (702) 945-2773
• Fax: 703-956-2521
• Employees: 9
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Marathon Digital: $20.94
• High Price Target: $29.00
• Low Price Target: $9.50
• Potential Upside/Downside: +10.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.45)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $541.25 million
• Net Margins: -46.68%
• Pretax Margin: -58.34%
• Return on Equity: 6.33%
• Return on Assets: 4.24%

Debt

• Debt-to-Equity Ratio: 0.62
• Current Ratio: 0.79
• Quick Ratio: 0.79

Sales & Book Value

• Annual Sales: $656.38 million
• Price / Sales: 10.14
• Cash Flow: $2.42 per share
• Price / Cash Flow: 7.81
• Book Value: $12.19 per share
• Price / Book: 1.55

Miscellaneous

• Outstanding Shares: 351,930,000
• Free Float: 349,113,000
• Market Cap: $6.66 billion
• Optionable: Optionable
• Beta: 6.53