Marathon(MARA) - 2025 Q4 - Annual Results

The financial results discussed in this letter are preliminary, unaudited, and subject to the completion of our year-end closing procedures and audit. Final results will be provided in our Annual Report on Form 10-K for the year ended December 31, 2025. SHAREHOLDER LETTER Contents | To Our Shareholders | 3 | | --- | --- | | Financial and Operational Discussion | 7 | | Earnings Webcast and Conference Call | 12 | | Statements of Operations | 13 | | Investor Notice | 16 | | Forward-Looking Statements | 16 | Ke ...