Financial Performance - Revenues increased 64% YoY to $238 million [1] - Net income increased 505% YoY to $808.2 million [1] - Bitcoin holdings increased 170% YoY to 49,951 from 18,488 at the end of Q2 2024 [1] Company Overview - MARA Holdings, Inc. (NASDAQ: MARA) is a leading digital energy and infrastructure company [1][4] - The company deploys digital energy technologies to advance the world's energy systems [4] - MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure [4]

Group 1 - Bitcoin-related stocks and Ethereum holdings experienced a general decline on Tuesday, with SharpLink Gaming (SBET.US) dropping over 6.5% [2] - GameSquare (GAME.US) saw a significant decrease of over 9.8% [2] - BTCS Inc (BTCS.US) fell by over 0.8%, while Strategy (MSTR.US) decreased by 0.49% [2] - Mara Holdings (MARA.US) also reported a decline of 0.76% [2] - In contrast, Circle (CRCL.US) experienced an increase of 1% [2]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Marathon Digital Holdings, Inc. (MARA) . Marathon Digital curren ...

Group 1 - Bitcoin-related stocks and Ethereum holdings experienced a decline on Tuesday, with SharpLink Gaming (SBET.US) dropping over 6.5% [1] - GameSquare (GAME.US) saw a significant decrease of over 9.8% [1] - BTCS Inc (BTCS.US) fell by over 0.8% [1] - MicroStrategy (MSTR.US) decreased by 0.49% [1] - Marathon Holdings (MARA.US) declined by 0.76% [1] - Circle (CRCL.US) was the only stock to rise, increasing by 1% [1]

Top 10 Public Companies by $BTC Holdings1. MicroStrategy - 607.7K2. MARA Holdings - 50K3. XXI - 37.2K4. Riot Platforms - 19.2K5. Trump Media & Technology - 18.4K6. Metaplanet - 16.3K7. Galaxy Digital Holdings - 12.8K8. CleanSpark - 12.6K9. Tesla - 11.5K10. Hut 8 Mining Corp - 10.2K ...

Bitcoin miner MARA has closed an upsized $950 million private offering to buy more of the leading cryptocurrency. https://t.co/hjK1ncObz8 ...

Bitcoin Miner MARA Boosts BTC Buying Power With Nearly $1 Billion Raise► https://t.co/BLOQVwZZWe https://t.co/BLOQVwZZWe ...

Bitcoin miner MARA closes upsized $950 million note sale to buy more BTC and fund debt repurchases https://t.co/ayCCUct9OL ...

Group 1 - Morgan Stanley upgraded MARA Holdings (MARA.US) rating from "Neutral" to "Overweight," raising the target price from $19 to $22 due to the company's 2025 hash rate target of 75 EH/s not being fully reflected in the stock price [1] - The CEO of MARA Holdings, Fred Thiel, indicated that this target represents over a 40% increase compared to 2024, supported by existing machine orders, with the current active hash rate at 57.4 EH/s [1] - In pre-market trading, MARA's stock price increased by 2.32% to $17.65 [1] Group 2 - Ratings for Riot Platforms (RIOT.US) and IREN (IREN.US) were downgraded from "Overweight" to "Neutral" as their performance has outpaced Bitcoin and CoinShares Bitcoin Mining ETF (WGMI.US), leading to tight valuations [1] - Analysts from Morgan Stanley noted that unless high-performance computing (HPC) transactions are achieved or Bitcoin prices rise further, short-term upward momentum for RIOT and IREN is limited [1] - Morgan Stanley identified CleanSpark (CLSK.US) as a preferred stock, raising its target price by $1 to $15, while setting Cipher Mining (CIFR.US) target price at $6 [2] Group 3 - The rating adjustments were based on updated operational metrics for Bitcoin mining companies, including Q2 Bitcoin production, hash rate achievements, and the dynamics of Bitcoin prices and network hash rates [2] - The firm emphasized that model revisions aim to more accurately reflect industry trends, but market sensitivity to HPC collaborations and Bitcoin price fluctuations will continue to impact individual stock performance [2]

Core Insights - Marathon Digital Holdings, Inc. (MARA) is expected to report a second-quarter loss of $0.49 per share on revenues of $228.9 million, reflecting a year-over-year growth of 57.7% [2][9] - The company's earnings performance has been mixed, with one earnings beat, one match, and two misses in the past four quarters, resulting in an average surprise of 136.1% [3] - MARA's stock has increased by 21% over the past three months, although it has underperformed compared to competitors like Riot Platforms, Inc. (RIOT) and HuT 8 Corp. (HUT), which gained 96% and 56% respectively [7][9] Revenue and Strategy - MARA's revenue growth is attributed to its dual approach to Bitcoin mining, which focuses on both revenue generation and strategic asset accumulation [6][9] - The company operates energy-efficient mining operations that allow it to produce Bitcoin at lower costs, ensuring consistent revenue streams [6] - MARA retains a significant portion of the Bitcoin it mines, positioning itself for potential price appreciation over time [6] Market Position and Outlook - Despite a robust revenue generation outlook, MARA faces near-term profitability challenges [8] - The company's strategic expansion through increased mining capacity and cost-effective facility acquisitions supports long-term growth [8] - A favorable regulatory environment for cryptocurrencies is expected to provide a tailwind for the company [8]