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Companies / Information Technology / MARA Holdings, Inc.
MARA

MARA Holdings, Inc.

Information TechnologyFinance Services
Ticker MARAHALLANDALE BEACH, FLFiscal year ends DecemberBook value per share $4.36Diluted shares 380.9M

MARA Holdings, Inc. (Nasdaq: MARA) is an energy and digital infrastructure company that manages energy and allocates it among Bitcoin mining and emerging compute workloads. Its mining operations use specialized computers to validate transactions on the Bitcoin network and earn bitcoin; it also manages bitcoin holdings… From the company’s description.

Over the twelve months to Jun 30, 2026, MARA Holdings, Inc. reported revenue of $804.22M, up 0.7% from a year earlier, and a net loss of $3.46B. Its pre-tax margin was −366.3%. In fiscal 2025, it reported revenue of $907.09M, up 38.2% from fiscal 2024, and a net loss of $1.31B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$907.09MFY2025
+38.2% year over year
Last 12 mo $804.22M
-134.96%FY2025
−181.6 percentage points
Last 12 mo -366.26%
$-1.31BFY2025
−342.5% year over year
Last 12 mo $-3.46B
-33.79%FY2025
−46.9 percentage points
Last 12 mo -198.38%
Cash & financing
$-802.73MFY2025
−18.6% year over year
Last 12 mo $-895.05M
$-1.21BFY2025
−30.4% year over year
Last 12 mo $-1.24B
1.04FY2025
Was 0.59× a year earlier
Last 12 mo 1.46
355.2MFY2025
+13.9% year over year
Last 12 mo 380.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What MARA Holdings, Inc. does

In the company’s own words

MARA Holdings, Inc. (Nasdaq: MARA) is an energy and digital infrastructure company that manages energy and allocates it among Bitcoin mining and emerging compute workloads. Its mining operations use specialized computers to validate transactions on the Bitcoin network and earn bitcoin; it also manages bitcoin holdings through lending and other transactions. The company is developing AI inference and high-performance computing capabilities, including secure cloud and AI infrastructure through its majority-owned Exaion business. Bitcoin mining remains the foundation of its platform, while AI and HPC activities are at an early stage. MARA operates across four continents and 18 data centers, with approximately 1.9 gigawatts of total capacity, and owns about 70% of its operating capacity. As of December 31, 2025, it operated approximately 490,000 mining rigs, including its proportionate share of an equity-method investee’s rigs, and held 53,822 bitcoin. MARA was formerly known as Marathon Digital Holdings and changed its name in August 2024. Its website is www.mara.com.

Company details
Sector
Information Technology
Industry (SIC)
Finance Services
Headquarters
HALLANDALE BEACH, FL
Fiscal year end
December
CIK
1507605
SIC
6199

Financial performance, year by year

Fiscal 2012–2025 · USD
$-3.90B$-2.59B$-1.28B$33.60M$1.34B20122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns MARA Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

244
funds hold it
0 of 35
superinvestors hold it
$1.83B
held by funds, at market
34.4%
of shares held by funds
4
bond issues held by funds

Largest fund holders · MARA Holdings, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.29%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.17%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

MARA Holdings, Inc.’s bonds, as funds hold them

Funds report holding 4 issues of MARA Holdings, Inc.’s debt, $175.39M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 0.59%, maturing 2030 to 2032.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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