6.64
+4.57%
Close of 9 Nov 2026, in USD
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About MARA Holdings
From its filings with the US Securities and Exchange Commission
MARA Holdings is based in Hallandale Beach, Florida and is incorporated in Nevada. Its shares trade on Nasdaq under the ticker MARA. The SEC classifies its business as finance services. In the fiscal year to 31 December 2025, it reported revenue of $907.1m and a net loss of $1.31bn. At that date it held total assets of $7.29bn and shareholders' equity of $3.47bn.
MARA is an energy and digital infrastructure company focused on acquiring, managing, and allocating energy to its highest-value uses. We use Bitcoin mining as a flexible, energy-responsive workload to monetize excess and underutilized power and to optimize power management across our portfolio. In parallel, we are in the process of developing artificial intelligence (“AI”) inference and high-performance computing (“HPC”) capabilities. We operate across four continents and 18 data centers in North America, the Middle East, Europe, and Latin America, with approximately 1.9 gigawatts (“GW”) of total capacity.
Our strategy is centered on the ownership and control of energy and digital infrastructure. While our earlier growth strategy emphasized an asset-light model, we have strategically transitioned to an energy and digital infrastructure company, expanding our owned portfolio capacity to approximately 70%. By expanding our ownership of sites and power infrastructure, we enhance operating control, improve margin durability, and support long-term capital efficiency.
As demand for energy-optimized compute infrastructure accelerates, particularly from AI and HPC workloads, we are in the process of deploying and scaling AI inference and HPC capabilities within our existing footprint. We are reallocating a meaningful portion of our capacity to support AI and HPC applications, leveraging the same integrated energy and data center platform that underpins our mining operations.
Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- IT Services
- Listed since
- 28 Jul 2014
- Employees
- 266
- Website
- marathondh.com ↗
- Head office
- 1010 SOUTH FEDERAL HIGHWAY, HALLANDALE BEACH, FL, 33009
- Incorporated in
- NV
- Classification
- Finance Services
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Frederick ThielChairman of the Board, Chief Executive Officer, since 2018$43.2m
- Mr. Salman KhanChief Financial Officer$28.4m
- Mr. Zabi NowaidGeneral Counsel, Corporate Secretary$11.6m
- Mr. Douglas MellingerLead Independent Director$622,964
- Mr. Georges AntounIndependent Director$646,714
- Ms. Janet GeorgeIndependent Director$251,621
- Ms. Barbara HumptonIndependent Director$251,621
- Mr. Jay LeuppIndependent Director$664,214
- Ms. Vicki Mealer-BurkeIndependent Director$599,214
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 33
- Environment
- 33
- Social
- 45
- Governance
- 22
- Direct emissions (scope 1)
- 0 t
- Energy emissions (scope 2)
- 1,294,321 t
- Value chain emissions (scope 3)
- 1,750,158 t
- Women in the workforce
- 23%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Marathon Digital Holdings Inc has several strengths that contribute to its success in the market. Firstly, the company has a strong focus on Bitcoin mining, which has gained significant popularity and value in recent years. This positions Marathon Digital Holdings Inc as a key player in the cryptocurrency industry. The company owns and operates a large number of mining machines, ensuring a consistent and reliable flow of Bitcoin. Additionally, Marathon Digital Holdings Inc has a highly experienced management team with extensive knowledge of the industry, allowing them to make informed and strategic decisions.
Weaknesses
- Despite its strengths, Marathon Digital Holdings Inc faces certain weaknesses that may pose challenges. One significant weakness is the company's heavy reliance on the price of Bitcoin. If the value of Bitcoin drops significantly, it can impact the profitability and sustainability of Marathon Digital Holdings Inc's operations. Moreover, the company is susceptible to regulatory changes in the cryptocurrency market, which can lead to increased compliance requirements and potential disruptions to their business model.
Opportunities
- Marathon Digital Holdings Inc can explore several opportunities to further expand its business. As the adoption and acceptance of cryptocurrencies increase globally, there is a growing demand for Bitcoin miners. By capitalizing on this trend, Marathon Digital Holdings Inc can attract new customers and generate additional revenue. Furthermore, the company can diversify its mining operations by exploring other cryptocurrencies, which can mitigate the risk associated with being solely dependent on Bitcoin.
Threats
- There are certain threats that Marathon Digital Holdings Inc needs to consider as it operates in the cryptocurrency industry. One significant threat is the increasing competition in Bitcoin mining. With the rise in popularity of cryptocurrencies, more players have entered the market, potentially leading to reduced profit margins for Marathon Digital Holdings Inc. Moreover, the volatility of cryptocurrency prices poses a threat to the company's financial stability, as it can experience significant losses if the value of Bitcoin and other cryptocurrencies sharply decline.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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