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MAMARA

Marathon Digital Holdings, Inc.

$MARA·$3.7B·Financial - Capital Markets·Financial Services
$7.53-9.6%YTD-0.9%1Y-62.9%
Price updated 7h ago·X counts updated 5d ago
MAMARA
$MARAMarathon Digital Holdings, Inc.
$7.53-9.60%1.1k posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $MARA on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

1,101X posts · last 7 days
Sep 29Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $MARA's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data20 posts analyzed · as of 2026-10-02

X is bullish on an AI-rerate thesis — Marathon posted a $100M Texas deposit, longs are tracking a 79.4 EH/s pool with 35,500 BTC on the balance sheet, and bulls are modeling $19-24 as the fair AI-contract revalue level against Elliott-wave targets of $35, $55 and $95+. The underlying frustration is at CEO Fred Thiel: holders want him replaced if AI deals don't close by year-end. Dissent is leadership-focused, not thesis-based.

Read what X is saying about $MARA

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $MARA — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Driven by hypeStalledAI verdict · as of 2026-10-03

The move has stalled — likely just drifts unless something new shows up.

A public Bitcoin miner trying to morph into an AI data-center operator — the AI pivot is the entire upside case and nothing has been signed yet.

MARA is a public Bitcoin miner trying to morph into an AI data-center operator — 79.4 EH/s of hashrate and 35,500 BTC on the balance sheet, with the valuation now riding on whether idle energy can be flipped into AI compute contracts.

  • The core mining P&L is volatile and losing money: Q1 2026 revenue of $175M was down 18% YoY on -143% operating margins — if the AI pivot doesn't land, the business keeps bleeding into dilution.
  • The treasury is both floor and ceiling: 35,500 BTC at a market value above $3B against a $4.8B market cap means roughly 60% of the equity is the BTC stack — the stock trades on BTC with an AI call option attached.
  • CEO Fred Thiel sold $308K on Oct 1 and the X crowd is openly calling for a replacement if AI deals don't close by year-end — the lack of a signed AI tenant through 2026 is the ceiling on upside.

A named AI-compute customer with a signed contract takes the stock toward the crowd's $19–$24 target; another quiet quarter and it drifts, with BTC price as the only real floor.

Agrees with X sentimentX is pricing in the AI-pivot optionality and the $100M Texas deposit as a leading indicator — fair as optionality, not conviction. The crowd's frustration with Thiel is directional, not thesis-breaking; the thesis stays alive only until a 2027 AI-contract deadline is missed.

What to watch: A named AI-compute tenant with signed capacity by Nov 3 Q3 earnings re-rates the stock sharply; the lack of one plus any further CEO selling at $11-12 and the drift continues. BTC breaking $100K is the macro invalidation on the downside.

On the calendar: 2026-11-03 — Q3 2026 earnings

Read the AI verdict on $MARA

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Mines Bitcoin at large scale using owned and hosted US data centers with full exposure to BTC price movements.

Industry overviewAI analysisGenerated by AI from underlying data

Where Financial - Capital Markets sits in its cycle right now — and what that implies for $MARA.

Financial - Capital Markets · Financial Services

No material change from last week — digital-asset platforms drive growth as retail crypto trading and stablecoin adoption (USDC via CRCL) expand.

What this means for $MARA

Neutral — Mines Bitcoin at large scale using owned and hosted US data centers with full exposure to BTC price movements.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
-1.4%YTD
+3.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-2.3How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
3.0%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
16.9%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-8.2%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
5.4Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-52.1%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
0.3%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.1Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 6, 2026$-1.60$0.17-1060.4%
Q1 2026May 11, 2026$-0.61$-0.46-32.6%
Q4 2025Feb 26, 2026$-0.46$-0.23-100.0%
Q3 2025Nov 4, 2025$0.27$0.02+992.2%
Next earningsTue, Nov 3·consensus EPS $-0.39

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$174.6M-18.4%-93.0%-143%$-3.31$-327.0M
Q4 FY25$202.3M-5.6%-119%-164%$-4.81$508.2M
Q3 FY25$252.4M+91.7%82.9%18.9%$0.33$-283.9M
Q2 FY25$238.5M+64.3%82.5%285%$2.29$-282.4M

Forward consensus

4-year forecast · up to 7 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$761.9M$676.0M – $845.0M-$4.94-$5.68 – -$3.577
FY27$948.3M$688.0M – $1.2B-$1.02-$1.55 – -$0.027
FY28$714.2M$711.7M – $716.8M-$1.49-$32.18 – $53.204
FY29$1.5B$1.2B – $1.7B-$1.11-$1.35 – -$0.822

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.9×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.5%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-30.7%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-31.2%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 378.1M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today10.7% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β5.355-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellOct 1Frederick G ThielCEO27.5K sh$309KSellSep 18Zabi NowaidGeneral Counsel8.4K sh$101KSellSep 17Frederick G ThielCEO27.5K sh$315KSellSep 17Khan Salman HassanCFO16.0K sh$183KSellAug 21Zabi NowaidGeneral Counsel8.4K sh$101KSellAug 17Frederick G ThielCEO27.5K sh$253KSellAug 17Khan Salman HassanCFO16.0K sh$147KSellJul 20Zabi NowaidGeneral Counsel8.4K sh$101KSellJul 17Frederick G ThielCEO27.5K sh$300KSellJul 17Khan Salman HassanCFO16.0K sh$174K
1–10 of 17
+ 20 other (20 inkinds) in window

See when $MARA insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementSep 258-K — Item 1.01: Material agreement
AI summary

MARA Holdings, Inc. disclosed that its wholly-owned subsidiary Volt Texas LLC entered into an amendment to a previously disclosed Membership Interest Purchase Agreement with HIF USA LLC, originally dated July 2, 2026. The amendment modifies certain terms of the underlying transaction between Volt Texas and HIF USA, though the specific changes were not detailed in the filing body excerpt. This constitutes a material definitive agreement under Item 1.01 requiring an 8-K disclosure. The amendment suggests ongoing negotiations or adjustments to deal terms in MARA's energy infrastructure strategy.

3New insider — initial holdingsAug 103
AI summary

Nancy K. Novak filed an initial Form 3 as a reporting person at MARA Holdings (MARA), disclosing no securities beneficially owned — no common stock or derivative securities. The form was signed by attorney Zabi Nowaid as attorney-in-fact on August 10, 2026.

3New insider — initial holdingsAug 103
AI summary

Craig A. Hart filed an initial Form 3 as a reporting person at MARA Holdings (MARA), disclosing no securities beneficially owned — no common stock or derivative securities. The form was signed by attorney Zabi Nowaid as attorney-in-fact on August 10, 2026.

8-KOfficer or director changeAug 48-K — Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD
AI summary

MARA announced a leadership Departure involving Certain Officers, who serves as Director. Item 5.02 mandates timely disclosure of executive and director transitions, which can significantly affect MARA's strategic direction and investor confidence.

8-KAcquisition completedJul 98-K — Item 1.01: Material agreement · Item 2.01: Acquisition completed · Item 7.01: Press release / Reg FD
AI summary

Marathon Digital Holdings completed the acquisition of MAT 1177 LLC, which owns approximately 400 acres of land in Texas with access to 2,000 megawatts of electrical power capacity. The company is developing the site as a combined high-performance computing (HPC) and Bitcoin mining campus in partnership with Starwood Digital. The transaction marks Marathon's strategic pivot toward HPC and AI data center hosting alongside its core Bitcoin mining operations. The 2,000 MW capacity represents substantial future potential for both workloads, subject to infrastructure buildout and offtake agreements.

8-KOfficer or director changeJun 228-K — Item 5.02: Officer or director change · Item 5.07: Shareholder vote
AI summary

Nevada 001-36555 01-0949984 reported departure or retirement of an officer: ectors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As described under Item 5.07 below, an amendment to the MARA Holdings, Inc. Amended and Restated 2018 Equity Incentive Plan (as amended, the “2018 Plan”) to increase the number of shares authorized for issuance thereunder by 18,000,000 shares (the “Amendment”) was appr. Nevada 001-36555 01-0949984 disclosed voting results from its annual or special meeting. ectors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As described under Item 5.07 below, an amendment to the MARA Holdings, Inc. Amended and Restated 2018 Equity Incentive Plan (as amended, the “2018 Plan”) to increase the number of shares authorized for issuance thereunder by 18,000,000 shares (the “Amendment”) was appr...

8-KMaterial agreementApr 308-K — Item 1.01: Material agreement · Item 7.01: Press release / Reg FD
AI summary

MARA entered into a purchase agreement (8-K Item 1.01, dated 2026-04-30). Counterparty: Ohio River Partners Holdco LLC. Material definitive agreement — investors should review the full exhibit for covenants, conditions, and use of proceeds.

+ 10 other (2 10-Qs · 2 earnings 8-Ks · 2 proxys · 2 13Gs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Marathon Digital Holdings, Inc. (MARA) Beats Stock Market Upswing: What Investors Need to Knowzacks.com·1d agoHead to Head Survey: MARA (NASDAQ:MARA) vs. zSpace (NASDAQ:ZSPC)defenseworld.net·5d agoWhales Bought 15,000 Bitcoin in Three Days While MARA Sold $81 Million. Who Has It Right?247wallst.com·6d agoMarathon Digital Holdings, Inc. (MARA) Stock Slides as Market Rises: Facts to Know Before You Tradezacks.com·7d agoIs Trending Stock Marathon Digital Holdings, Inc. (MARA) a Buy Now?zacks.com·9d ago

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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