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Last updated 2 minutes ago

MARA·MARA Holdings Inc

$.
-. (-.%)
After Hours
High
$13.70
Open
$13.64
Market Cap
4.80B
52W High
$23.45
Low
$12.33
P. Close
$12.59
P/E
-
52W Low
$6.66
Fwd P/E
-18.53
DailyIQ Est.
$19.89
Technical Score (1D)
45
NEUTRAL
News Sentiment
67
BULLISH
MARA announced it has secured over 1,200 acres in Matagorda County, Texas, for a digital‑infrastructure campus that could tap up to 2 GW of grid capacity by 2028, effectively more than doubling its potential power pipeline to roughly 4.8 GW. This expansion signals a strategic pivot from pure Bitcoin mining toward a broader energy and compute infrastructure business, which could diversify revenue streams and stabilize cash flows amid volatile crypto markets. Investors should monitor the progress of the land acquisition and the timeline for achieving full grid access, as delays could affect the company’s ability to generate new revenue streams. Earlier this week, analysts noted that MARA’s shift to AI and high‑performance computing (HPC) infrastructure is still accompanied by a 46 % decline in the stock over five years and a valuation that many view as pricey. The company’s upcoming earnings release projects a negative EPS of $0.03 and a 14.2 % revenue decline for the quarter, underscoring ongoing profitability challenges that could weigh on the transition. Despite these concerns, the fair‑value estimate has been lifted to $19.69 per share, reflecting renewed optimism about the HPC pivot, though analysts remain split on execution speed and valuation risk. The acquisition of the Texas site, which is expected to add roughly 2 GW of renewable power, also positions MARA to capture a larger share of the U.S. data‑center market as demand for AI workloads grows. Traders should watch for regulatory approvals and the pace of infrastructure development, as any delays could postpone the expected revenue boost from the new campus. Finally, keep an eye on the company’s guidance for cost‑cutting initiatives and the timeline for repurposing existing mining rigs into HPC services, as these factors will determine whether the transition can offset current losses.
Earnings Summary
MARA Holdings, Inc., formerly Marathon Digital Holdings, is a digital asset technology firm that focuses on enhancing data center efficiency for bitcoin mining through liquid immersion cooling and firmware solutions, operating in the U.S. and European markets. In its most recent quarter, Q4 2025, the company reported an EPS of –$0.46 versus an estimate of –$0.13, a miss that followed a strong Q4 2024 performance where EPS of $1.27 beat the –$0.08 forecast and revenue of $214.4 million exceeded expectations; revenue fell to $202.3 million in Q4 2025, a 5.6 % decline from the prior year, and further dropped to $174.6 million in Q1 2026, a 13.5 % year‑over‑year slide, while EPS remained negative at –$0.61 versus an estimate of –$2.20. Over the past four quarters, the firm has posted one earnings beat (Q4 2024) and three misses, with revenue consistently contracting and EPS turning negative after the 2024 high. The company’s recent pivot toward AI and high‑performance computing is highlighted by a 1,200‑acre Texas land acquisition that will host dual‑use data centers, potentially diversifying revenue streams beyond mining; this move coincides with a downgrade of its price target by Argus Research to $11 amid a Bitcoin rally that lifted the sector. Investors should watch for the Q2 2026 earnings release, the progress of the Texas campus ramp‑up, regulatory approvals, and the impact of Bitcoin price movements on mining profitability, as these factors will shape the company’s ability to transition to a broader data‑center operator. The next quarter’s guidance on operating margins and the timeline for AI client contracts will be key indicators of whether the diversification strategy translates into sustainable earnings growth.

EPS

EstBeatMiss
$-2.72$-1.59$-0.46$0.67$1.79Q4'24Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$-0.43 - -
Q1'26$-2.20$-0.61+72.2%
Q4'25$-0.13$-0.46-258.8%
Q4'24$-0.08$1.27+1692.3%

Revenue

EstBeatMiss
$161M$190M$219M$247M$276MQ4'24Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$206M - -
Q1'26$183M$175M-4.4%
Q4'25$263M$202M-23.0%
Q4'24 - $214M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

MARA Stock Snapshot

MARA is currently trading at $12.65, giving MARA Holdings Inc a market cap of 4.80B. Today's range spans $12.33–$13.70, with shares opening at $13.64 and moving up $0.06 (0.5%) from the prior close. DailyIQ's technical score sits at 45/100 (HOLD) with a news sentiment reading of 67/100.

Over the past year MARA has traded between $6.66 and $23.45 - the current price is +89.9% off the 52-week low and -46.1% from the high. 23 analysts cover the stock with a Buy consensus and a mean 12-month target of $18.40 (range $5.50–$30.00), implying upside of +45.5%.

Mean-reversion potential exists for MARA - but it needs a catalyst. 45/100 (HOLD), bullish sentiment (67/100), price $12.65 (in the lower half of its 52-week range in $6.66–$23.45). At 4.80B in Financial Services market cap, small-cap stocks in mixed phases don't typically recover on technicals alone - they need a news event, earnings surprise, or sector catalyst to shift the momentum. Without one, the HOLD setup tends to persist longer than fundamental analysis would suggest.

The absence of strong institutional sponsorship makes MARA's HOLD signal (45/100) more consequential than the same signal in a larger name — at 4.80B in Financial Services market cap, there are fewer natural buyers to absorb selling pressure, which means the $6.66–$23.45 range's lower bound becomes a sharper test of the thesis. Sentiment at 67/100 (bullish) and price at $12.65 (in the lower half of its 52-week range) don't yet suggest stabilization is imminent.