Marathon Digital Holdings (NASDAQ:MARA) stock represents a company that mines digital assets with a focus on the blockchain ecosystem and the generation of digital assets in United States.The company’s focus on specifically mining Bitcoin (BTC-USD) has placed it on the map of many crypto enthusiasts and investors. Shares have increased more than 170% over the past twelve months. However, after having dipped 34% over the past month, a significant dip in share price, MARA stock continues to be a buy. Below ar ...

Marathon Digital Holdings, Inc. (MARA) ended the recent trading session at $19.41, demonstrating a +0.47% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.63%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.82%.The company's stock has dropped by 28.29% in the past month, falling short of the Business Services sector's gain of 0.67% and the S&P 500's gain of 1.76%.The upcoming earnings release of Marathon Digital Holdings, Inc ...

All Cash Acquisition To Increase Marathon's Bitcoin Mining Portfolio to 1.1 Gigawatts, 54% of which Will Reside on Sites Directly Owned and Operated by the Company Fort Lauderdale, FL, March 15, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the world's largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, has entered into a definitive purchase agreement to acquire Applied Digital Corporation's ("Applie ...

For those who haven’t been living under a rock, Bitcoin (BTC-USD) has recently hit new all-time highs, trading above the key $70,000 level. Accordingly, one might expect Bitcoin miners like Marathon Digital (NASDAQ:MARA) to follow suit, given their exposure to rising prices. Unfortunately, though, MARA stock is down nearly 10% today. That brings its losses over the past month to almost 40%. The question has to be asked: What gives? After all, the Bitcoin hoard on Marathon’s balance sheet and its ongoing BTC ...

Financial Data and Key Metrics Changes - The company reported a net income attributable to common stockholders of approximately $152 million or $0.62 per diluted share in Q4 2023, compared to a net loss of approximately $392 million or $3.13 per share in the prior year quarter [8] - For the full year, net income was $261 million or $1.06 per diluted share, compared to a net loss of $694 million or $6.12 per share in the prior year [8] - Revenues for the full year reached approximately $388 million, a significant increase from $118 million in the prior year, driven by a 210% increase in Bitcoin production and a 2% increase in the average price of Bitcoin [9] - Adjusted EBITDA improved to $260 million in Q4 2023, compared to a loss of $374 million in the prior year period, and for the full year, adjusted EBITDA improved to $420 million from a loss of $543 million in 2022 [31] Business Line Data and Key Metrics Changes - The company produced a record amount of Bitcoin in 2023, increasing production by 210% year-over-year from 4,144 Bitcoin in 2022 to 12,852 Bitcoin in 2023 [6] - In Q4 2023, the company produced 4,242 Bitcoin, more than the total production of 2022 and more than three of its top competitors combined [79] Market Data and Key Metrics Changes - The total Bitcoin network's hash rate doubled from 253 exahash to 509 exahash in 2023, effectively reducing the reward for mining a block by half [6] - The company increased its hash rate by 253% last year, growing from 7 exahash to 24.7 exahash, surpassing its target of 23 exahash [24] Company Strategy and Development Direction - The company aims to optimize costs to mine and focus on sustainable energy sources, with plans for both organic and inorganic growth domestically and internationally [16] - The company is exploring projects that involve using heat from mining systems for industrial processes, which could provide additional revenue streams [52] - The company has a goal to grow its operational hash rate to approximately 35 exahash to 37 exahash in 2024 and to 50 exahash by the end of 2025 [89] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate potential market fluctuations, emphasizing a strong balance sheet with $1 billion in cash and Bitcoin [96] - The company believes that the upcoming Bitcoin halving will provide opportunities to gain market share as inefficient miners exit the market [55] Other Important Information - The company has increased its Bitcoin holdings by 24% from 12,232 Bitcoin to 15,126 Bitcoin in 2023 [10] - The company sold 2,365 Bitcoin during Q4 2023, realizing cash proceeds of $83 million, which were used to fund operating expenses [85] Q&A Session Summary Question: How does the company address concerns about handling market fluctuations? - Management highlighted their strong balance sheet and strategies to build resiliency, including diversifying operations and investing in technology [96] Question: Why did the company use equity to purchase Bitcoin after stating it would only use equity for growth? - Management clarified that they have been opportunistic in their approach to utilize cash for strategic investments when market conditions allow [42] Question: What is the plan post-halving to ensure revenue stability? - Management indicated that they are focused on growing their hash rate and optimizing existing operations to maintain profitability [64] Question: How does the company plan to compete with competitors based on hashing power metrics? - Management acknowledged the need to improve efficiency and operational control, especially with the recent acquisitions of data centers [73]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ MARATHON DIGITAL HOLDINGS, INC. (Exact name of registrant as specified in charter) | Nevada | 001-36555 | 01-0949984 | | --- | --- | --- | | (State o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ 001-36555 (Commission File Number) MARATHON DIGITAL HOLDINGS, INC. (Exact name of registrant as specified in charter) | Nevada | 01-0949984 | ...

Marathon Digital Holdings, Inc. (NASDAQ:MARA) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Chris Brendler - VP of IR Fred Thiel - Chairman and CEO Salman Khan - CFO Conference Call Participants Lucas Pipes - B. Riley Chase White - Compass Point Jon Petersen - Jefferies Kevin Dede - H.C. Wainwright Operator Good day, ladies and gentlemen. Welcome to Marathon Digital Holdings Second Quarter Earnings Webcast and Conference Call. I would now like to turn the call over to your ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ 001-36555 (Commission File Number) MARATHON DIGITAL HOLDINGS, INC. (Exact name of registrant as specified in charter) | Nevada | 01-0949984 | | -- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ 001-36555 (Commission File Number) MARATHON DIGITAL HOLDINGS, INC. (Exact Name of Registrant as Specified in Charter) | Nevada | 01- ...