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Marathon Digital Holdings Inc   (MARA)
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Price: $29.1900 $5.20 21.676%
Day's High: $29.815 Week Perf: 19.09 %
Day's Low: $ 24.41 30 Day Perf: 79.41 %
Volume (M): 106,548 52 Wk High: $ 31.30
Volume (M$): $ 3,110,122 52 Wk Avg: $13.03
Open: $24.41 52 Wk Low: $5.13



 Market Capitalization (Millions $) 5,532
 Shares Outstanding (Millions) 190
 Employees 44
 Revenues (TTM) (Millions $) -23
 Net Income (TTM) (Millions $) 32
 Cash Flow (TTM) (Millions $) 37
 Capital Exp. (TTM) (Millions $) 47

Marathon Digital Holdings Inc
Marathon Digital Holdings Inc. is a digital asset technology company. It is focused on mining cryptocurrencies, decentralized finance solutions, and other blockchain-based technologies. The company operates a fleet of specialized AntminerS19 Pro ASIC mining rigs and other equipment to mine Bitcoins with higher profitability, lower electricity consumption, and improved performance.

The company was founded in 2010 and is headquartered in Las Vegas, Nevada. The company values digital currency and blockchain technology as alternatives to traditional finance systems, and views them as potential solutions for industries such as healthcare, energy, and agriculture.

Marathon's ASIC mining rigs are manufactured by Bitmain Technologies, and are designed specifically to mine Bitcoin. Marathon technologically checks each rig to ensure they are running at optimal efficiency. Recently, the company has also shifted focus towards the off-grid Bitcoin mining industry. It aims to establish mining facilities that are powered entirely by renewable energy sources, such as wind and solar power.

Marathon Digital Holdings has partnerships with Beowulf Blockchain, Bitmain Technologies, and Compute North. In July 2021, the company entered into an agreement with Compute North to buy 18,000 Bitcoin miners. This acquisition will increase Marathon's mining capacity to 133,000 miners, making it one of the largest Bitcoin mining companies in North America. Marathon also acquired a 10% stake in Beowulf Blockchain for $2 million as part of an exclusive partnership agreement.

Marathon currently has a market capitalization of around $3 billion and is listed on the NASDAQ stock exchange under the ticker symbol "MARA". The company has generated significant revenue growth in recent years with the increasing demand for Bitcoin and other cryptocurrencies.


   Company Address: 1180 North Town Center Drive Las Vegas 89144 NV
   Company Phone Number: 945-2773   Stock Exchange / Ticker: NASDAQ MARA
   MARA is expected to report next financial results on March 15, 2024.


   

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Marathon Digital Holdings Inc

Marathon Digital Holdings Inc Shatters Expectations with Astounding 58.087% Surge in Revenue during Q2 2023

Marathon Digital Holdings Inc, a cloud computing and data analytics company, has registered a notable increase in revenue and growth despite experiencing a loss in their recent fiscal period.
In the most recent fiscal period, Marathon Digital Holdings Inc reported a loss of $0.13 per share, which remains consistent with the previous year's loss. However, it is important to note that the company's loss has increased from $0.05 per share from the prior reporting period. Despite this setback, the company's revenue has experienced significant growth. The revenue surged by 58.087% to $81.76 million compared to $51.72 million in the corresponding reporting period a year ago. Moreover, sequentially, the revenue increased by 59.898% from $51.13 million.

Marathon Digital Holdings Inc

Marathon Digital Holdings Inc Struggles with Weak Sales, Suffering a Major Shortfall in Financial Interval Closing Mar 31, 2023

Marathon Digital Holdings Inc, a technology company specializing in crypto mining, has been facing challenges in the past year, resulting in a cumulative net loss of $-21 million in the 12 months ending in the first quarter of 2023. This has resulted in a negative return on investment (ROI) of -1.84%.
The company's ROI ranks at 1988,
a significant improvement from the last quarter of 2022, where it ranked 2983 in the overall ROI ranking. Despite the progress, within the technology sector, 204 other companies had a higher return on investment.






 

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