MARA Holdings Inc
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About MARA
MARA Holdings Inc, formerly Marathon Digital Holdings, Inc. is a digital asset compute that develops and deploys technologies. The Company’s digital asset compute portfolio spans multiple states and countries. It manages large grid-connected deployments that reduce energy waste and inefficiencies, as well as small, dispersed deployments that transform stranded or wasted energy resources into more productive and sustainable assets. Its technologies include 2PIC by MARA, MARAFW, MARA SLIPSTREAM, ANDURO, and ALYS. The Company’s 2PIC by MARA is a next generation of immersion cooling technology. MARATools provides a streamlined process for firmware installation, configuration, and management of ASICs. Anduro is a multi-sidechain platform on bitcoin. ALYS is a bitcoin sidechain where builders can use Ethereum smart contracts. The Company’s digital asset compute portfolio approximately 265,000 operational miners.
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Market Capitalisation
$4.75B
Price-earnings ratio
-
Dividend yield
0.00%
Volume
34.83M
High today
$16.72
Low today
$15.66
Open price
$15.85
52-week high
$34.09
52-week low
$7.16
What is Marathon Digital Holdings (MARA)?
Marathon believes the crypto race is not a sprint. This digital asset company specialises in the mining, accumulation and holding of cryptocurrencies, in particular bitcoin (BTC), from the blockchain ecosystem. It intends to hold BTC as a long-term investment.
Marathon Digital Holdings, Inc. is of the belief that BTC is “a store of value, supported by a robust and public open source architecture, that is not linked to any country’s monetary policy and can therefore serve as a hedge against inflation.”
Founded in 2010 as Verve Ventures, Inc, the company has had a history as a uranium and vanadium minerals developer, real estate investor and IP licence operator.
The company turned its attention to crypto mining in 2017 and changed its name in February 2021 to Marathon Digital Holdings, Inc.
How does Marathon Digital earn revenue?
Marathon does not earn revenue in the traditional sense. It uses custom hardware and software to mine BTC and potentially other cryptocurrencies instead. The mined crypto is what Marathon regards as its revenue.
Rather than constructing or maintaining BTC mining infrastructures, Marathon invests in mining hardware via third-party hosting and power facilities. The company calls this their “asset light” model.
As of the end of FY2021, Marathon holds close to 8,115 bitcoins, including 4,794 bitcoins inside an investment fund. In January 2021, Marathon also purchased 4,812.66 bitcoins and placed them into an investment fund at an average price of US$31.17k each.
How does crypto mining work?
Crypto miners are effectively auditors of transactions made on the blockchain, a decentralised, public ledger operating across a network of hundreds of thousands of computers.
As crypto mining is complex, computational work, miners are usually machines. Owners of these machines get paid in crypto without needing to use cash. In the case of Marathon, it uses Bitmain mining machines to earn BTC.
From August 2020 to the start of 2022, Marathon has purchased 208,500 mining machines at an average cost of US$6,054 per machine.
Is Marathon Digital profitable?
No, the company is not profitable. Marathon Digital’s net income has always been negative and highly inconsistent.
Its free cash flow has also sunk dramatically from negative US$3m in FY2019 to US$8m in FY2020 to US$727m in FY2021.
Is MARA a good stock to buy?
In November 2021, Marathon announced a $650 million convertible senior notes offering to fund the purchase of more Bitcoin miners. It also disclosed a Securities and Exchange Commission (SEC) subpoena requesting documents related to the company’s data centre contracts.
As a result, the MARA stock price took a nosedive from its November 2021 high of US$83.45 down to between US$20 and US$30 in March 2022. A fall of over 60%.
At this stage, some investors deem MARA a risky investment due to its connection with Bitcoin.
Others see MARA set for a strong rebound from its current lows due to a new Executive Order by U.S. President Biden: “The United States must maintain technological leadership in this rapidly growing space, supporting innovation while mitigating the risks for consumers, businesses, the broader financial system, and the climate.”
Who owns MARA stock?
Marathon’s biggest shareholders include Vanguard Group (8.98%), BlackRock (6.52%), Susquehanna International Group (2.71%) and State Street Global Advisors, Inc. (2.01%).
Merrick Okamoto, former Executive Chairman of Marathon Digital, also holds 5.32%.
The general public own 52.1% of Marathon.
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MARA FAQs
How do I buy MARA shares in Australia?
- Find the right investing platform for you. To buy MARA shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
- Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
- Search for MARA or MARA Holdings Inc. Find the stock by using the search function and go to the MARA page.
- Place an order to buy MARA. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
- Monitor your portfolio. You’ve now purchased some MARA shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.
What is the ticker symbol of MARA Holdings Inc?
The ticker symbol for MARA Holdings Inc is MARA.
How much is one share of MARA?
One share of MARA is valued at $16.17 as of 16 September 2024.
What is the market capitalisation of MARA Holdings Inc MARA?
As of 16 September 2024 MARA Holdings Inc has a market cap of $4.75B.
What is the P/E ratio of MARA?
The Price to Earnings ratio of MARA is 9.11.
What is the Earnings Per Share of MARA?
The Earnings Per Share of MARA is $1.73.
What is the 52-week high for MARA Holdings Inc stock?
The MARA Holdings Inc 52-week high stock price is $34.09.
What is the 52-week low for MARA Holdings Inc stock?
The MARA Holdings Inc 52-week low stock price is $7.16.
Can I buy MARA shares through Stake, an investing platform like CommSec, Selfwealth or Superhero?
Yes, the Stake investing platform allows you to buy MARA shares and over 12,000 more stocks and ETFs across the ASX and Wall St.
This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
