MARA HOLDINGS INC (MARA)
Information Technology · Bitcoin mining · NASDAQ
MARA is a leading digital asset mining company focused on securing the Bitcoin blockchain and managing a large-scale Bitcoin treasury.
What MARA HOLDINGS INC does
MARA Holdings, Inc. is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem. The company primarily operates through large-scale Bitcoin mining operations and maintains a significant treasury of Bitcoin holdings.
Themes: Bitcoin mining, digital assets, blockchain infrastructure, cryptocurrency treasury
Fundamentals
- Price$11.26 as of 2026-08-21 close
- Market cap$4.3B as of 2026-08-21
- 1-year return-27.4% 2025-08-21 close $15.51 → 2026-08-21 close $11.26
- P/En/a negative earnings
- Net margin-429.7% as of 2026-08-24
- Gross margin-61.8% as of 2026-08-24
- ROE-110.4% as of 2026-08-24
- Debt / equity1.46 as of 2026-08-24
- Revenue growth (YoY)+0.7% as of 2026-08-24
- Revenue CAGR (3y)+97.5% SEC XBRL
- Beta5.39 as of 2026-08-24
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
How MARA compares in its sector
- net profit marginbottom 10% 405 covered Information Technology peers, as of 2026-08-24
- operating marginbottom 10% 405 covered Information Technology peers, as of 2026-08-24
- gross marginbottom 10% 403 covered Information Technology peers, as of 2026-08-24
- return on equitybottom 10% 405 covered Information Technology peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 386 covered Information Technology peers
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 382 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
MARA is not currently in any published Top 10 list. Its scores are below.
Long-term score
Not scored for the long-term list: no shareholder return data.
Short-term score
47.2 #978 of 1,704 scored · #138 of 261 in Information Technology
Volume and participation 92nd: trading volume is running unusually high — about 2.1× its 30-day average, a sign of heightened interest; trend 46th: the price is 11% above the average price paid over the period covered, so the typical buyer over that stretch is showing a gain; weakest is setup 22nd: day-to-day price swings are unusually wide versus its own recent history (wider than about 82% of the past ~6 months).
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
How MARA HOLDINGS INC looks technically
MARA HOLDINGS INC (MARA) is trading 1.0% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 44 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 19, below the 25 that marks a real trend), though buyers have been pushing harder than sellers lately — pressure, not a trend. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 2 trading days ago (its momentum flipped positive). It made a new 20-day low about 4 trading days ago. It is 52.0% below its highest point of the past year. Trading volume is running unusually high — about 2.2× its 30-day average, a sign of heightened interest.
Trend
9
| Distance from the 200-day | it is trading 1.0% above its 200-day average, the long-term trend line — a longer-term uptrend | +1.0% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $12.06 | $12.06 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $11.15 | $11.15 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 23 calendar days ago — the swings before that are what the structure reading is measured on | 23 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 10.03. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 44 trading days ago — a "golden cross", a bullish long-term signal | 44 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 1.0% above | +1.0% |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 19, below the 25 that marks a real trend), though buyers have been pushing harder than sellers lately — pressure, not a trend | 18.5 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30) | 53.1 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($8.68 to $12.47) — its "stochastic" reading is 68 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 68.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 2 trading days ago (its momentum flipped positive) | 2 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $23.45 | $23.45 |
|---|---|---|
| From the 52-week high | it is 52.0% below its 52-week high (its highest price of the past year) | -52.0% |
| Above the 52-week low | it is 69.1% above its 52-week low (its lowest price of the past year) | +69.1% |
| Below the 52-week high | it is 52.0% below its highest point of the past year | 52.0% |
| Since a 20-day breakout | it made a new 20-day low about 4 trading days ago | 4 sessions |
| Since a 55-day breakout | it made a new 55-day low about 4 trading days ago | 4 sessions |
| All-time high | its highest closing price on record is $155.68 (set on 2014-12-23) | $155.68 |
| Given back of the 52-week move | over the past year its closes ranged ($6.73 to $22.84), and it has recovered roughly a quarter of its fall from last year’s high — 28% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $16.69 to $17.20. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 28.1% |
| From the all-time high | it is 92.8% below its all-time high | -92.8% |
| Nearest price level | it is trading 2.7% below a resistance level at $11.56 — a price it turned at three times since 2026-01-16, most recently on 2026-07-08. Since 2024-08-21 it has 2 such levels below the current price and 10 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +2.7% |
| All-time low | its lowest closing price on record is $0.3522 (set on 2020-03-16) | $0.3522 |
| Above the all-time low | it is 3097.0% above its all-time low | +3,097% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 82% of the past ~6 months) | 82nd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.9913 between its high and its low — about 8.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.9913 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $8.53 and $12.45 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $8.53 – $10.49 – $12.45 |
| Typical daily range (% of price) | its price moves about 8.8% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 8.8% |
| Stretch from the 200-day average | it is trading 0.1 daily ranges above its 200-day average price (1.0% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 0.1 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is running unusually high — about 2.2× its 30-day average, a sign of heightened interest | 2.18× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 0.3% since the prior reading | +0.3% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a bullish engulfing | 2 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 2 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 4.9% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +4.9% |
|---|---|---|
| Open gap | it gapped 5.9% above the previous close 1 session ago and has not traded back through the level it left behind at 9.65 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +5.9% |
| Gap filled | a 4.9% gap up opened on 2026-08-21 has been "filled" today — price traded back through the level the gap left behind, and it closed again during the very session that opened it | today |
Price streaks
1
| Closing streak | it has closed higher 3 sessions in a row, a +25.67% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 3 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 10.4 percentage points (the stock lost 8.1% while the market gained 2.3%) | -10.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 20.0 percentage points (the stock lost 16.9% while the market gained 3.1%) | -20.0% |
| vs market, 6 months | over the past 6 months this stock beat the market by 30.2 percentage points (the stock gained 41.3% while the market gained 11.1%) | +30.2% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 47.9 percentage points (the stock lost 27.4% while the market gained 20.5%) | -47.9% |
Signal agreement
2
| Bullish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, MACD momentum is positive, outperforming the market over 6 months — these describe past price behaviour, not a forecast | 4 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 16% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 0.1% of the share price, which is taken to mean a barrier that gives way easily. | -15.6% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 4% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $10.83 — a volume-weighted average of daily closes over 158 sessions, not a true tick-by-tick VWAP. | +4.0% |
|---|---|---|
| Vs the average paid since it last reported | the price is 11% above the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $10.11 — a volume-weighted average of daily closes over 12 sessions, not a true tick-by-tick VWAP. | +11.4% |
Price levels it has turned at before
MARA last closed at $11.26 on 2026-08-21. Since 2024-08-21 it has turned at 2 prices below its last close and 10 above; the 2 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $11.56 | Resistance | 2.7% above the last close | turned there three times · 2026-01-16 to 2026-07-08 |
| $12.04 | Resistance | 6.9% above the last close | turned there twice · 2025-02-25 to 2025-03-18 |
| $10.03 | Support | 10.9% below the last close | turned there twice · 2026-03-13 to 2026-07-29 |
| $9.78 | Support | 13.1% below the last close | turned there twice · 2025-04-04 to 2025-11-21 |
| $13.16 | Resistance | 16.9% above the last close | turned there twice · 2024-09-06 to 2026-07-23 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $10.03.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 1 trading day, since 2026-08-21.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Near 200-day moving-average support · Trading above the 200-day moving average · Pulled back from the 12-month high · Unusually heavy trading volume · MACD just crossed bullish (12/26/9) · trendless / choppy (low ADX) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.15 mean, 1=Strong Buy…5=Strong Sell) — 11 analysts
- Mean price target$17.99 range $6.00 – $30.00; median $15.00
Analyst estimates, as of 2026-08-22. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for MARA
- Consensus EPS estimate-$0.325 next reporting period, as of 2026-08-22
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High volatility in the market price of Bitcoin directly impacts the company's financial results and asset valuation.","The company's profitability is sensitive to fluctuations in the Bitcoin network difficulty and the Bitcoin halving events.","Substantial debt levels and reliance on capital markets for funding operational expansion."]
What changed in the latest 10-Q
AI-assisted comparison of MARA's 10-Q filed 2026-05-11 against the prior one filed 2025-11-04.
Management's Discussion & Analysis (MD&A)
- Added:
- Reference to Annual Report for year ended December 31, 2025, filed March 2, 2026 (newer filing dated 2026-05-11)
- Statement that MARA is 'a digital infrastructure company built to convert energy into high-value compute workloads' (newer filing)
- Mention of expanding into 'artificial intelligence (AI), high-performance computing (HPC) and critical IT' as adjacent high-value workloads (newer filing)
- Three reinforcing priorities structure: (1) Own and control low-cost energy, (2) Build AI and digital infrastructure at scale, (3) Bitcoin mining as foundation (newer filing)
- Reference to 'large-scale data centers including co-located generation, land, water access and grid interconnection' (newer filing)
- Updated energy portfolio: approximately 1.9 GW of capacity across 19 data centers as of March 31, 2026 (newer filing)
- Long Ridge Acquisition section describing acquisition of Long Ridge Energy & Power LLC for approximately $1.5 billion (newer filing)
- Details about Long Ridge's 505 MW combined-cycle gas turbine power plant in Hannibal, Ohio with specific operational specifications (newer filing)
- Expected Long Ridge construction timeline: initial AI and critical IT build out in first half of 2027, with capacity ready mid-2028 (newer filing)
- Barclays commitment letter for $785.0 million senior secured bridge term loan facility (newer filing)
- Acquisition termination conditions and $75.0 million termination fee provisions (newer filing)
- Removed:
- Description of MARA as 'a vertically integrated digital energy and infrastructure company that leverages high-intensity compute, such as Bitcoin mining, to monetize excess energy and optimize power management' (older filing)
- Reference to 'two key priorities: strategically growing by shifting our model toward low-cost energy with more efficient capital deployment and working to develop and deploy a full suite of solutions for data centers and edge inference' (older filing)
- Reference to energy portfolio of approximately 1.8 GW of capacity with 18 data centers as of September 30, 2025 (older filing)
- Statement about focus on 'inference-dedicated sites and forging partnerships' and 'AI industry shifting towards inference computing' (older filing)
- Mention of power management solutions including load balancing and international expansion opportunities (older filing)
- Highlights section covering Q3 2025 including 60.4 EH/s record, $1.0 billion convertible notes issuance, and bitcoin purchases (older filing)
- Details about Exaion SAS investment agreement for 64% ownership interest for approximately $168.0 million (older filing)
- Restructuring plan details and $20.9 million restructuring costs related to immersion cooling product line exit (older filing)
- Bitcoin investment strategy revision allowing for potential sales to fund operational costs (older filing)
- Reference to deployment of first ten AI racks at Granbury site (older filing)
- November 4, 2025 announcement of letter of intent with MPLX LP regarding natural gas and power capacity expansion (older filing)
- Reworded:
- Quarterly period changed from 'quarter ended September 30, 2025' to 'quarter ended March 31, 2026'
- Annual Report reference date changed from 'year ended December 31, 2024, filed with the SEC on March 3, 2025' to 'year ended December 31, 2025, filed with the SEC on March 2, 2026'
- Business description changed from 'vertically integrated' approach focused on 'monetize excess energy' to 'built to convert energy into high-value compute workloads' with strategic expansion focus
- Strategic priorities reframed from 'two key priorities' in older filing to 'three reinforcing priorities' in newer filing
- Geographic scope reference changed from 18 data centers to 19 data centers
- Total energy portfolio capacity increased from approximately 1.8 GW to approximately 1.9 GW
- Notes:
- Older filing text appears truncated at end ('Bitcoin Mining Operations' section incomplete), limiting full comparison of later MD&A sections
- The two filings cover different fiscal quarters (Q3 2025 vs Q1 2026) with different reporting dates, so some differences reflect sequential business developments rather than restatements
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 7 open-market sales by insiders in the last 90 days.
- Last 90 days0 buys · 7 sells ($1M) — 4 selling insiders
- Last 180 days0 buys · 13 sells ($3M) — 4 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-07-20. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about MARA's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding MARA as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 93,588,257
- Reported value $763,680,178
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 4 increased, 0 decreased, 1 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
MARA had 106,449,076 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
MARA had 27.6% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.02 days to cover at the same settlement.
- Reported short interest (shares) 106,449,076
- Short interest (% of shares outstanding) 27.6%
- Prior settlement (shares) 110,275,677
- Reported change -3.47%
- Days to cover (reported) 2.02
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Riot Platforms (RIOT)
- CleanSpark (CLSK)
- Core Scientific (CORZ)
- Hut 8 Corp (HUT)
- Cipher Mining (CIFR)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does MARA HOLDINGS INC (MARA) do?
MARA Holdings, Inc. is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem. The company primarily operates through large-scale Bitcoin mining operations and maintains a significant treasury of Bitcoin holdings.
What sector is MARA HOLDINGS INC (MARA) in?
MARA HOLDINGS INC (MARA) is classified in the Information Technology sector. Its industry is Bitcoin mining. It trades on NASDAQ.
Who are MARA HOLDINGS INC's (MARA) competitors?
Notable peers of MARA HOLDINGS INC (MARA) include Riot Platforms, CleanSpark, Core Scientific, Hut 8 Corp and Cipher Mining. This peer set is informational only — not financial advice.
Is MARA HOLDINGS INC (MARA) overbought or oversold right now?
MARA HOLDINGS INC (MARA) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 53, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on MARA come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.