Marathon Digital Holdings (MARA)

• Market cap: $4.25B
• 1 day: -2.92%
• 5 days: -4.73%
• 1 month: -0.73%
• 3 months: -37.17%
• 6 months: -34.31%
• Year to date: -28.59%
• 1 year: -29.97%
• 5 years: 2,840.19%
• 10 years: -86.52%
• Sector: Financials
• Industry: Capital Markets

About: MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.

Employees: 152

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

248% more repeat investments, than reductions

Existing positions increased: 167 | Existing positions reduced: 48

94% more first-time investments, than exits

New positions opened: 97 | Existing positions closed: 50

30% more capital invested

Capital invested by funds: $2.63B [Q3] → $3.41B (+$779M) [Q4]

12% more funds holding

Funds holding: 316 [Q3] → 353 (+37) [Q4]

8.15% more ownership

Funds ownership: 55.03% [Q3] → 63.17% (+8.15%) [Q4]

12% less call options, than puts

Call options by funds: $815M | Put options by funds: $927M

100% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 0 (-3) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14 14% upside
• Avg. target: $22 77% upside
• High target: $30 144% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

JP Morgan Reginald Smith 32% 1-year accuracy 8 / 25 met price target	46% upside $18	Neutral Maintained	13 Mar 2025
Rosenblatt Chris Brendler 0% 1-year accuracy 0 / 9 met price target	55% upside $19	Buy Initiated	7 Mar 2025
Piper Sandler Patrick Moley 70% 1-year accuracy 31 / 44 met price target	144% upside $30	Overweight Maintained	3 Mar 2025
Barclays Ramsey El-Assal 34% 1-year accuracy 22 / 64 met price target	14% upside $14	Equal-Weight Maintained	3 Mar 2025
HC Wainwright & Co. Kevin Dede 11% 1-year accuracy 6 / 57 met price target	128% upside $28	Buy Reiterated	27 Feb 2025