Marathon Digital (MARA) Stock Price, News & Analysis

Company Overview

Marathon Digital Holdings, Inc. is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York. By balancing owned and hosted infrastructure, Marathon Digital optimizes power contracts and leverages grid and renewable energy sources to achieve cost-effective production. In addition to its core mining activities, the firm offers hosting services for third-party miners, providing turnkey solutions for infrastructure, maintenance and power management.

Originally founded in 2010 as Marathon Patent Group, the business shifted its strategic focus to digital currency mining in 2019 and rebranded as Marathon Digital Holdings in 2020. Under the leadership of CEO Fred Thiel, the company has pursued aggressive expansion of its hashrate capacity and forged partnerships to secure low-cost, sustainable energy. Marathon’s management team emphasizes transparency, risk management and sustainable growth in the rapidly evolving cryptocurrency sector.

As the bitcoin ecosystem continues to mature, Marathon Digital aims to strengthen its position among the largest publicly traded miners in North America. The company pursues ongoing enhancements in operational resilience, technology deployment and renewable energy integration, positioning itself to capture value from global demand for decentralized digital currencies.

Key Stats

• Today's Range: $15.58 to $16.64
• 50-Day Range: $15.11 to $19.97
• 52-Week Range: $9.81 to $30.28
• Volume: 70.45 million shs
• Average Volume: 52.49 million shs
• Market Capitalization: $6.04 billion
• P/E Ratio: 14.69
• Dividend Yield: N/A
• Price Target: $24.50
• Consensus Rating: Moderate Buy

Marathon Digital Stock Analysis - MarketRank™

Marathon Digital scored higher than 75% of companies evaluated by MarketBeat, and ranked 444th out of 957 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Marathon Digital has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.

Upside Potential

Marathon Digital has a consensus price target of $24.50, representing about 50.2% upside from its current price of $16.31.

Amount of Analyst Coverage

Marathon Digital has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Marathon Digital are expected to grow in the coming year, from ($1.04) to ($0.56) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Marathon Digital is 14.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.89.

Price to Earnings Ratio vs. Sector

The P/E ratio of Marathon Digital is 14.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 245.86.

Price to Book Value per Share Ratio

Marathon Digital has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

27.75% of the float of Marathon Digital has been sold short.

Short Interest Ratio / Days to Cover

Marathon Digital has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Marathon Digital has recently decreased by 2.70%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Marathon Digital does not currently pay a dividend.

Dividend Growth

Marathon Digital does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

27.75% of the float of Marathon Digital has been sold short.

Short Interest Ratio / Days to Cover

Marathon Digital has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Marathon Digital has recently decreased by 2.70%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.73

News Sentiment

Marathon Digital has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 1.07 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Marathon Digital this week, compared to 21 articles on an average week.

Search Interest

100 people have searched for MARA on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.

MarketBeat Follows

23 people have added Marathon Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 5% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Marathon Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,862,290.00 in company stock.

Percentage Held by Insiders

Only 0.80% of the stock of Marathon Digital is held by insiders.

Percentage Held by Institutions

44.53% of the stock of Marathon Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MARA Stock Analysis - Frequently Asked Questions

How have MARA shares performed this year?

Marathon Digital's stock was trading at $16.77 at the beginning of 2025. Since then, MARA shares have decreased by 2.7% and is now trading at $16.31.

How were Marathon Digital's earnings last quarter?

Marathon Digital Holdings, Inc. (NASDAQ:MARA) posted its quarterly earnings data on Tuesday, July, 29th. The business services provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of ($0.29) by $2.13. The business's revenue for the quarter was up 64.0% on a year-over-year basis.
Read the conference call transcript.

When did Marathon Digital's stock split?

Shares of Marathon Digital reverse split on the morning of Monday, October 30th 2017.The 1-4 reverse split was announced on Friday, October 27th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Friday, October 27th 2017. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Who are Marathon Digital's major shareholders?

Marathon Digital's top institutional investors include State Street Corp (3.63%), Geode Capital Management LLC (2.49%), Wolverine Asset Management LLC and American Century Companies Inc. (1.83%). Insiders that own company stock include Frederick G Thiel, Salman Hassan Khan, Kevin A Denuccio, Douglas K Mellinger, Jay P Leupp, Said Ouissal, Vicki Mealer-Burke and Ashu Swami.
View institutional ownership trends.

How do I buy shares of Marathon Digital?

Shares of MARA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Marathon Digital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Marathon Digital investors own include NVIDIA (NVDA), Meta Platforms (META), Zomedica (ZOM), Tesla (TSLA), Advanced Micro Devices (AMD), Riot Platforms (RIOT) and

Company Calendar

• Last Earnings: 7/29/2025
• Today: 9/14/2025
• Next Earnings (Estimated): 11/11/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - MISC SVCS
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:MARA
• Previous Symbol: NASDAQ:MARA
• CIK: 1507605
• Web: www.marathonpg.com
• Phone: (702) 945-2773
• Fax: 703-956-2521
• Employees: 9
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Marathon Digital: $24.50
• High Price Target: $39.00
• Low Price Target: $16.00
• Potential Upside/Downside: +50.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.64
• Research Coverage: 11 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.11
• Trailing P/E Ratio: 14.69
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $541.25 million
• Net Margins: 85.02%
• Pretax Margin: 104.79%
• Return on Equity: -2.11%
• Return on Assets: -1.33%

Debt

• Debt-to-Equity Ratio: 0.47
• Current Ratio: 0.54
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $656.38 million
• Price / Sales: 9.21
• Cash Flow: $2.33 per share
• Price / Cash Flow: 7.00
• Book Value: $12.19 per share
• Price / Book: 1.34

Miscellaneous

• Outstanding Shares: 370,460,000
• Free Float: 367,494,000
• Market Cap: $6.04 billion
• Optionable: Optionable
• Beta: 6.35