| Market Capitalization (Millions $) |
4,316 |
| Shares
Outstanding (Millions) |
382 |
| Employees |
60 |
| Revenues (TTM) (Millions $) |
804 |
| Net Income (TTM) (Millions $) |
-3,460 |
| Cash Flow (TTM) (Millions $) |
269 |
| Capital Exp. (TTM) (Millions $) |
329 |
Business Description
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: 1010 South Federal Highway Hallandale Beach 33009 FL
Company Phone Number: 804-1690 Stock Exchange / Ticker: NASDAQ MARA
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1.17 %