What is Marathon Digital Holdings's market cap?

Marathon Digital Holdings (MARA) has a market capitalization of $4.5B and trades on NASDAQ.

What is Marathon Digital Holdings's revenue and profitability?

Marathon Digital Holdings generated $867.8M in trailing twelve-month revenue with a net loss of $2.0B, representing a net margin of -235.1%. Gross margin stands at -24.3%, with free cash flow of -$1.3B. These figures are based on the Q1 2026 filing.

Who are Marathon Digital Holdings's competitors?

Marathon Digital Holdings's key competitors include Core Scientific, Inc., CleanSpark, Inc., Riot Platforms, Inc., and others. These companies compete in similar markets and product categories.

Who does Marathon Digital Holdings partner with?

Marathon Digital Holdings's notable partners include Starwood Digital Ventures, MPLX LP, Abu Dhabi Global Markets company.

What subsidiaries does Marathon Digital Holdings have?

Marathon Digital Holdings's subsidiaries include Exaion SaS.

Where is Marathon Digital Holdings headquartered?

Marathon Digital Holdings is headquartered in United States of America and employs approximately 60 people. It has been publicly traded since 2011.

Marathon Digital Holdings

MARA

MARA Holdings is an energy and digital infrastructure company that leverages Bitcoin mining as a flexible, energy-responsive workload to monetize excess power and optimize energy management.

Market cap

$4.49B-26.8%

Revenue$867.8M+23.1%

Net income-$2.0B-520%

Free cash flow-$1.3B-18.2%

EPS (diluted)-$5.79-468%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 11, 2026

Revenue$174.6MMiss by $7.3M EPS-$0.61Miss by $0.15

Read the full report

Next report

Aug 6, 2026 (In 1 week)

Revenue estimate$209.4M

EPS estimate$0.17

Financials

Q1 2026

Income statement

See full

Revenue$174.6M-18.4%

Operating income-$1.1B-96.2%

Net income-$1.3B-137%

EPS (diluted)-$3.31-114%

Balance sheet

See full

Cash & equivalents$525.7M+152%

Total debt$2.5B+5.4%

Total equity$2.2B-40.1%

Total assets$4.9B-23.2%

Cash flow

See full

Operating cash flow-$247.5M-14.9%

CapEx$79.5M+105%

Free cash flow-$327.0M-28.6%

Valuation & ratios

Valuation

See full

Market cap$4.49B-26.8%

Enterprise value$6.43B-21.8%

P/S5.2×-2.4×

Profitability

See full

Operating margin-201%-785pp

Net margin-235.1%-313pp

FCF margin-147.8%-5.6pp

Returns & leverage

See full

Return on equity-68.5%-83.9pp

Debt / equity1.1×+0.5×

Current ratio1.8×+1.1×

Segments

By product

See full

Mining participant$15.3M+42.0%

Hosting Services$1.1M-5.7%

Mining operator - transaction fees$1.0M-63.8%

Competitors

By market cap

Amazon$2.49T+0.7%

TeraWulf$8.9B+348%

Riot Platforms, Inc.$8.3B+60.3%

Core Scientific, Inc.$6.6B+57.9%

Marathon Digital Holdings$4.5B-25.7%

CleanSpark$3.6B+6.5%

HIVE Digital Technologies$788.9M+60.3%

Gryphon Digital Mining, Inc.$428.5M—

By revenue growth

Gryphon Digital Mining, Inc.+357%

Riot Platforms, Inc.+42.4%

TeraWulf+27.3%

Core Scientific, Inc.+26.4%

Marathon Digital Holdings+23.1%

Amazon+14.2%

By net margin

CleanSpark47.68%—

Amazon10.65%+0.5pp

Gryphon Digital Mining, Inc.-65.2%-282pp

Riot Platforms, Inc.-132.76%-45.8pp

Marathon Digital Holdings-235.12%-188pp

Core Scientific, Inc.-237.57%-281pp

TeraWulf-611.46%-517pp

Profile

MARA Holdings is an energy and digital infrastructure company that leverages Bitcoin mining as a flexible, energy-responsive workload to monetize excess power and optimize energy management. The company is strategically transitioning from an asset-light model to owning and controlling its power and data center infrastructure across four continents. Beyond its core mining operations, the company is expanding into high-performance computing (HPC) and artificial intelligence (AI) inference to diversify its compute-intensive service offerings.

Competitive position

One of the largest publicly traded holders of bitcoin and a leading global operator of energized hashrate capacity.

GeographiesNorth America, Middle East, Europe, Latin America

Customer segmentsBlockchain networks, Enterprise technology users, Institutional investors

Business modelInfrastructure-as-a-Service, Asset-heavy mining, Digital asset management

SuppliersEnergy producers, ASIC hardware manufacturers, Data center cooling systems, Electrical grid operators

CustomersBitcoin network participants, Digital asset exchanges, AI and HPC software developers, Institutional crypto borrowers

CountryUnited States of America

Listed2011

Employees60.0

CEOFrederick G. Thiel

SectorFinancial Services

IndustryFinancial - Capital Markets

Websitemara.com

FilingsSEC EDGAR

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Questions, answered.

What is Marathon Digital Holdings's market cap?: Marathon Digital Holdings (MARA) has a market capitalization of $4.5B and trades on NASDAQ.
What is Marathon Digital Holdings's revenue and profitability?: Marathon Digital Holdings generated $867.8M in trailing twelve-month revenue with a net loss of $2.0B, representing a net margin of -235.1%. Gross margin stands at -24.3%, with free cash flow of -$1.3B. These figures are based on the Q1 2026 filing.
Who are Marathon Digital Holdings's competitors?: Marathon Digital Holdings's key competitors include Core Scientific, Inc., CleanSpark, Inc., Riot Platforms, Inc., and others. These companies compete in similar markets and product categories.
Who does Marathon Digital Holdings partner with?: Marathon Digital Holdings's notable partners include Starwood Digital Ventures, MPLX LP, Abu Dhabi Global Markets company.
What subsidiaries does Marathon Digital Holdings have?: Marathon Digital Holdings's subsidiaries include Exaion SaS.
Where is Marathon Digital Holdings headquartered?: Marathon Digital Holdings is headquartered in United States of America and employs approximately 60 people. It has been publicly traded since 2011.