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MAMARA

Marathon Digital Holdings, Inc.

$MARA·$4.8B·Financial - Capital Markets·Financial Services
$11.42-7.1%YTD+24.3%1Y-41.3%
Mentions · last 7 days
2026-07-10: 1,146 posts2026-07-11: 1,169 posts2026-07-12: 720 posts2026-07-13: 888 posts2026-07-14: 782 posts2026-07-15: 937 posts2026-07-16: 870 posts6,608+15%
Price updated 10h ago·X counts updated 9h ago
MAMARA
$MARAMarathon Digital Holdings, Inc.
$11.42-7.08%6.6k posts+15%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $MARA, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Comeback attemptWinding up for a moveAI verdict · as of 2026-07-17

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Bitcoin miner trying to reinvent itself as an AI power landlord while the tape refuses to believe it yet.

Marathon (MARA) is the largest publicly traded Bitcoin miner, but the recent moves have been about something else: reusing its power sites, permitting relationships, and cheap land to become an AI/HPC infrastructure operator. The pivot is real; the market is still discounting it.

The substance behind the pivot:

  • A serious power footprint is being assembled: MARA just closed on a 400-acre Texas site with 2GW of interconnect and a ~$1.5B agreement to acquire Long Ridge (gas-fired) — real capacity, not slideware, on a stated 4.8GW roadmap.
  • The mining business alone is deep underwater: Q1 revenue fell 18% YoY with gross margin at negative 93%, so the standalone crypto story is not what's holding the equity up — the pivot has to work for the stock to re-rate.
  • The insider tell is the wrong direction into a re-rating story: CEO Fred Thiel and officers Salman Khan and Zabi Nowaid together sold ~$720K into the recent bounces, alongside routine tax-withheld share reclaims — not a full exit, but no accumulation to match the bull case.
  • The tape is stuck in a brutal range: the stock has traded $12-14 for weeks on 5.4x beta, several 10%+ pumps have immediately reversed, and volume is only in line with average — the classic tightening ahead of resolution.

The forward view: the way this turns into a real move up is a signed neocloud/hyperscaler contract on the Texas or Long Ridge capacity — a name-brand tenant would put a peer-multiple frame under the 4.8GW roadmap. Absent that, MARA remains a levered play on Bitcoin's price and the crypto complex, and another failed pump through $14 with the same insider trimming would confirm the coil is likely to break lower before it breaks higher.

Agrees with X sentimentBoth sides of the X split are legitimate: the 4.8GW infrastructure buildout is genuinely material, and the price fatigue after multiple failed breakouts is a real signal. Our read leans with the bulls on the pivot's substance while agreeing with the bears that the tape hasn't earned the re-rating yet.

What to watch: A named hyperscaler or neocloud tenant contract on the Texas or Long Ridge power capacity, and the August 4 Q2 earnings for any margin recovery from stabilizing hashprice; failed break of $14 with continued insider trims tips the coil the wrong way.

On the calendar: 2026-08-04 — Q2 2026 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Mixed sentiment⚠82 posts analyzed · as of 2026-07-15 · top-engagement diverged

MARA chatter is split between a major infrastructure catalyst and severe price fatigue. Bulls point to the announced acquisition of a 1,200-acre powered-land site in Matagorda County, Texas for up to $600M, with 1GW online in late 2027 scaling to 2GW - part of a broader 4.8GW roadmap that would justify a $19-48B market cap on peer AI/HPC multiples. A retail sub-thread also seized on Robinhood's AI-Trading-Agent demo appearing to reference MARA, briefly spinning up a memecoin narrative. Bears note four instances in a week of double-digit pumps immediately reversed, price stuck in a brutal $12-14 accumulation range, and calls of the 'dirtiest pump-and-dump' losing conviction on $30 by year-end.

Read the AI verdict + X sentiment for $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)
  • X crowd read with bullish/bearish call + post volume
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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 — Robinhood reporting its highest single-day signups confirms the retail infrastructure layer directly benefits from high-profile IPO cycles.

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; the retail trading surge and IPO/crypto market cycle does not materially affect this business's near-term earnings.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+6.8%YTD
+12.0%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
Q1 2026May 11, 2026$-0.61$-0.46-32.6%
Q4 2025Feb 26, 2026$-0.46$-0.23-100.0%
Q3 2025Nov 4, 2025$-0.32$-0.26-23.1%
Q2 2025Jul 29, 2025$-0.81$-0.53-52.8%
Next earningsTue, Aug 4·consensus EPS $0.35

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$853.3M$764.4M – $983.5M-$2.65-$3.22 – -$2.137
FY27$1.0B$821.5M – $1.3B-$0.91-$1.10 – -$0.736
FY28$785.7M$752.5M – $818.9M$1.42-$50.64 – $30.634
FY29$1.5B$1.3B – $1.7B$21.64$17.37 – $26.263

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.1.0×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.28%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.-14.5%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.-6.6%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 372.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today11.9% 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.β5.375-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

SellJun 22Douglas K MellingerDirector7.0K sh$112KSellJun 17Khan Salman HassanCFO16.0K sh$228KSellJun 17Zabi NowaidGeneral Counsel7.0K sh$100KSellJun 17Frederick G ThielCEO27.5K sh$392KSellMay 18Khan Salman HassanCFO16.0K sh$192KSellMay 18Frederick G ThielCEO27.5K sh$330KSellMay 18Zabi NowaidGeneral Counsel8.3K sh$99KSellApr 17Khan Salman HassanCFO16.0K sh$187KSellApr 17Zabi NowaidGeneral Counsel42.1K sh$505KSellApr 17Frederick G ThielCEO27.5K sh$321K
1–10 of 15
+ 32 other (20 inkinds · 12 awards) 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 agreementJul 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.

8-KMaterial agreementFeb 268-K — Item 1.01: Material agreement · Item 7.01: Press release / Reg FD
8-KOfficer or director changeFeb 258-K — Item 5.02: Officer or director change
+ 12 other (3 13Gs · 2 routine 8-Ks · 2 earnings 8-Ks · 2 proxys) in window

Recent news

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

Here's Why Marathon Digital Holdings, Inc. (MARA) Fell More Than Broader Marketzacks.com·13h agoMarathon Digital Holdings, Inc. (MARA) Is a Trending Stock: Facts to Know Before Betting on Itzacks.com·21h agoBrokers Suggest Investing in Marathon Digital (MARA): Read This Before Placing a Betzacks.com·2d agoMARA's AI Pivot: The Most Undervalued 4.8GW Bet In Neocloudseekingalpha.com·3d agoMarathon Digital Holdings, Inc. (MARA) Stock Drops Despite Market Gains: Important Facts to Notezacks.com·7d ago

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