MARA HOLDINGS INC (MARA)
Information Technology · Bitcoin mining and energy-intensive digital infrastructure · NASDAQ
Energy-infrastructure company monetizing underutilized power through bitcoin mining and scaling AI/HPC compute across a global footprint of owned data centers.
What MARA HOLDINGS INC does
MARA Holdings is an energy and digital infrastructure company that owns and operates approximately 1.9 gigawatts of capacity across 18 data centers on four continents. The company mines bitcoin using specialized hardware to monetize excess and underutilized power, and is expanding into AI inference and high-performance computing workloads. MARA leverages its integrated energy and data center platform to support multiple compute-intensive applications while maintaining bitcoin mining as its foundational business.
Themes: ["Bitcoin mining","Data center infrastructure","AI infrastructure / inference","High-performance computing (HPC)","Energy optimization / power management","Cryptocurrency / digital assets"]
Fundamentals
- Price$13.22 as of 2026-07-09 close
- Market cap$5.1B as of 2026-07-10
- 1-year return-28.4% as of 2026-07-09 close
- Net margin-234.8% as of 2026-07-10
- Gross margin-47.6% as of 2026-07-10
- ROE-52.1% as of 2026-07-10
- Debt / equity1.08 as of 2026-07-10
- Revenue growth (YoY)+23.1% as of 2026-07-10
- Revenue CAGR (3y)+97.5% SEC XBRL
- Beta5.37 as of 2026-07-10
Key risks (from latest filing)
["Significant mark-to-market losses on digital assets and derivatives: Q1 2026 showed $714.7M in fair value changes on digital assets and $41M on derivatives, indicating exposure to bitcoin and cryptocurrency price volatility","Unprofitable with negative 234.83% net margin and accumulated deficit of $2.6B as of March 2026; high operating expenses including $191.6M depreciation/amortization and $86.9M general/administrative costs in Q1 alone","Heavy debt burden: $2.3B in long-term notes payable and $150M current line of credit drawn, with substantial interest expense and reliance on volatile digital assets for collateral and liquidity"]
Competitors & peers
- Riot Platforms (RIOT)
- Marathon Digital (MARA) — note: different MARA; Cleanspark (CLSK)
- Core Scientific (CORZ)
- Bitfarms (BITF)
- TeraWulf (WULF)
- Hut 8 (HUT)
- Hyperscale data center operators such as Equinix (EQIX)
- AI infrastructure providers such as CoreWeave and Lambda Labs
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.