Marathon Digital Holdings (MARA)

• Market cap: $6.42B
• 1 day: -1.08%
• 5 days: 9.33%
• 1 month: 7.77%
• 3 months: 18.2%
• 6 months: 33.69%
• Year to date: 0.76%
• 1 year: 9.26%
• 5 years: 771.36%
• 10 years: -48.15%
• 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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

62% more repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 93

52% more capital invested

Capital invested by funds: $2.31B [Q1] → $3.5B (+$1.19B) [Q2]

43% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 46

5.41% more ownership

Funds ownership: 58.02% [Q1] → 63.43% (+5.41%) [Q2]

5% more funds holding

Funds holding: 342 [Q1] → 359 (+17) [Q2]

29% less call options, than puts

Call options by funds: $874M | Put options by funds: $1.23B

Research analyst outlook

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

• Low target: $18
• Avg. target: $25
• High target: $39

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

BTIG Gregory Lewis	$27	Buy Reiterated	5 Sep 2025
Macquarie Paul Golding	$26	Outperform Maintained	30 Jul 2025
Rosenblatt Chris Brendler	$20	Buy Maintained	30 Jul 2025
Cantor Fitzgerald Brett Knoblauch	$39	Overweight Maintained	28 Jul 2025
JP Morgan Reginald Smith	$22	Overweight Upgraded	28 Jul 2025