Building America's Bitcoin Infrastructure Backbone FEBRUARY 2026 AMERICAN BITCOIN CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation may constitute forward-looking information and forward-looking statements (collectively, "forward-looking statements") within the meaning of United States and other applicable securities laws. All statements, other than statements of historical fact, in this presentation that address activities, events or developments that Am ...

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]