MARA Holdings, Inc. (MARA)

MARA's stock price has declined by 40.55% from January 13, 2025, to January 9, 2026. Key events include record-breaking Q2 2025 financial results with a 64% year-over-year revenue surge to $238.5 million and a net income of $808.2 million, followed by Q3 2025 results with revenue of $252.4 million but missing analysts' estimates. Insider selling occurred in December 2025 by CEO Frederick Thiel and CFO Salman Khan. Strategic collaborations include an announcement with MPLX on integrated power generation and data center campuses. Analyst ratings as of January 7, 2026, showed a consensus recommendation of "Moderate Buy" with an average 12-month price target of approximately $23.56.

Direct data on demand seasonality for MARA Holdings, Inc.'s specific products and services is limited. The company's core business is highly correlated with the cryptocurrency market, particularly the price of Bitcoin, which can be volatile. There is some indication of stock price seasonality, with December historically favoring a short bias and the period from November 21 to March 1 showing positive average returns, correlating with the Technology sector's seasonal strength. Revenue growth trends are volatile and driven by the price of Bitcoin and mining output.

MARA Holdings, Inc. is a digital asset technology and cryptocurrency mining company based in Fort Lauderdale, Florida, operating in the Capital Markets industry. Its core business is Bitcoin mining using energy-efficient computers. MARA has transformed into a vertically integrated digital energy and infrastructure company, developing technologies to secure the blockchain ledger and converting clean energy into economic value. MARA's products and technologies include Bitcoin mining, digital energy and infrastructure solutions, 2PIC immersion cooling technology, MARAFW firmware, MARA SLIPSTREAM, ANDURO multi-sidechain platform, ALYS Bitcoin sidechain, and data center infrastructure.

Marathon Digital Holdings has a robust geographical market presence, operating across the United States and on four continents with 16 data centers. While aiming for a 50/50 split between US and international operations, approximately 96% of its compute locations are in the U.S. Key operational locations include the United States, with significant energy infrastructure expansion, and international sites in Paraguay, Finland, and the UAE.

MARA Holdings, Inc. has faced reputation challenges, including a lawsuit for breaching a non-circumvention agreement resulting in a $138 million liability. Environmental and community complaints arose from residents of Granbury, Texas, regarding a Bitcoin mining facility. The company previously had a reputation as a "patent troll" and faced controversy over an OFAC-compliant mining pool, which was later reversed.

MARA Holdings, Inc. is primarily owned by institutional shareholders, holding approximately 73.45% of the stock, with insiders owning about 10.51% and retail investors holding 16.04%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and iShares Core S&P Small-Cap ETF (IJR). The largest individual shareholder is Merrick D. Okamoto, owning 5.54 million shares, representing 1.46% of the company.