Latest news with #MARA
Yahoo
7 hours ago
- Business
- Yahoo
MARA Holdings Inc (MARA) Q2 2025 Earnings Call Highlights: Record Revenue and Strategic Growth ...
Revenue: Increased 64% to $238.5 million from $145.1 million in Q2 2024. Net Income: Reported $808.2 million or $1.84 per diluted share, compared to a net loss of $199.7 million or $0.72 per diluted share in Q2 2024. Bitcoin Holdings: Surged by over 170% to nearly 50,000 BTC from approximately 18,500 BTC year-over-year. Energized Hashrate: Expanded by 82% from 31.5 exahash per second to 57.4 exahash per second. Market Value of Bitcoin Holdings: Increased by more than $4.2 billion or 362% year-over-year. Gain on Digital Assets: Recorded a $1.2 billion gain on digital assets, including BTC receivable. Purchased Energy Cost per Bitcoin: $33,735 per coin. Convertible Senior Notes: Issued $950 million of 0% convertible senior notes due 2032. Liquid Assets: Held over $5 billion as of June 30, 2025. Daily Bitcoin Production: Produced an average of 25.9 BTC each day during Q2. Warning! GuruFocus has detected 9 Warning Signs with MARA. Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points MARA Holdings Inc (NASDAQ:MARA) achieved record-breaking financial performance in Q2 2025, with revenues increasing by 64% to $238.5 million, marking the highest revenue quarter in the company's history. The company expanded its bitcoin holdings by over 170% year-over-year, reaching nearly 50,000 bitcoin, making it the second largest corporate public holder of bitcoin globally. MARA Holdings Inc (NASDAQ:MARA) completed the construction of a new behind-the-meter data center at a wind-powered site in Texas, improving its margin structure and boosting energy efficiency. The company announced strategic partnerships with TAE Power Solutions and Pato AI to develop grid-responsive load balancing platforms, enhancing its AI infrastructure capabilities. MARA Holdings Inc (NASDAQ:MARA) issued $950 million of 0% convertible senior notes, significantly bolstering its balance sheet and providing flexibility for strategic priorities, including bitcoin purchases and M&A. Negative Points The current bitcoin market is perceived as frothy, with potential downward pressure if buying demand subsides, which could impact MARA Holdings Inc (NASDAQ:MARA)'s bitcoin holdings. The company faces challenges in transitioning to high-performance computing (HPC) due to increased competition and the need for partnerships with energy companies. MARA Holdings Inc (NASDAQ:MARA) acknowledges the risk of bitcoin price volatility, which could affect its financial performance and strategy. The company's asset-light strategy has led to higher costs compared to peers, although efforts are underway to reduce these costs through asset-heavy strategies. There is a concern about the sustainability of bitcoin treasury companies, with potential market impacts if these companies face challenges or fail. Q & A Highlights Q: Can you provide an update on MARA's current thinking around bitcoin mining versus high-performance computing (HPC)? A: Frederick Thiel, Chairman and CEO, explained that while some competitors are shifting towards HPC, MARA remains focused on bitcoin mining. However, they are also exploring opportunities at the intersection of AI and sovereign data, partnering with governments and energy companies to leverage their energy assets for future growth. Q: What is MARA's strategy regarding international expansion, particularly in regions like Saudi Arabia and France? A: Frederick Thiel stated that MARA is focusing on partnerships with energy companies and governments in regions with high demand for sovereign data and AI. This approach allows MARA to provide data sovereignty and leverage local energy resources, enhancing their competitive edge. Q: How does MARA view the current market for bitcoin treasury companies, and how does it differentiate itself? A: Frederick Thiel expressed concerns about the frothiness in the market with many new bitcoin treasury companies emerging. MARA differentiates itself by actively managing its bitcoin holdings to generate returns and support operations, rather than simply holding bitcoin as a passive asset. Q: Can you elaborate on MARA's bitcoin asset management strategy and its partnership with Two Prime? A: Salman Khan, CFO, explained that MARA actively manages about a third of its bitcoin holdings to generate yield and cash flows. The partnership with Two Prime involves deploying bitcoin in various strategies, including covered calls and trading, to maximize returns while managing risk. Q: What impact will the GENIUS Act have on MARA's bitcoin mining operations? A: Frederick Thiel noted that the GENIUS Act, by integrating stablecoins with traditional finance, will increase liquidity and potentially boost bitcoin trading volumes. This could lead to more capital flowing into bitcoin, benefiting MARA's operations. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
10 hours ago
- Business
- Yahoo
Bitcoin mining giant Marathon Digital reveals shocking earnings
Bitcoin mining giant Marathon Digital reveals shocking earnings originally appeared on TheStreet. Miami-based Marathon Digital Holdings (NASDAQ: MARA) announced its second quarter report with a year-over-year revenue rise of 64% to $238 million, while net income jumped 505% to $808.2 million. Its Bitcoin holdings increased by 49,951 BTC to 18,488 BTC in second quarter of 2024, a year-over-year uptick of 170%. The company attributed the increase to improved mining efficiency and expanded infrastructure. MARA reported its results in a shareholder letter and will hold a webcast today at 5:00 p.m. ET. In the days leading up to the announcement, options market sentiment was bullish with five calls versus two puts. Implied volatility indicated that traders were pricing in a move of about 6.8%, or $1.13 per share—right in line with MARA's history of post-earnings moves, with the stock swinging on average by 9.1% over the past eight quarters, as per analyst expectations were set at $137.6 million in revenue and $0.11 in EPS, the earnings exceeded expectations, suggesting that operational momentum may be strengthening at Marathon. However, Marathon entered this quarter's earnings season with mixed fundamentals. While revenue declined by 6.4% over the last twelve months, margin pressures popped up. Marathon had an operating margin of -79.37% and a net margin of -46.68%. While the company's debt level is manageable, a current ratio of 0.79 means it may not have enough short-term assets to cover its short-term liabilities, raising concerns about near-term liquidity. Nevertheless, MARA's $5.86 billion market capitalization, with its focus on next-generation mining tech, such as immersion cooling and custom firmware, provides a strong position in the digital asset infrastructure space. At press time, MARA's price was up over 4.76%, trading at $16.61 in the after hours. Bitcoin mining giant Marathon Digital reveals shocking earnings first appeared on TheStreet on Jul 29, 2025 This story was originally reported by TheStreet on Jul 29, 2025, where it first appeared.
Yahoo
18 hours ago
- Business
- Yahoo
Should MARA Stock Be in Your Portfolio Pre-Q2 Earnings?
Marathon Digital Holdings, Inc. MARA is set to report second-quarter 2025 results on July 29, after the bell. The Zacks Consensus Estimate for the bottom line is pegged at a loss of 49 cents per share compared with a loss of 24 cents in the year-ago quarter. The consensus mark for revenues is pinned at $228.9 million, indicating 57.7% year-over-year growth. Earnings surpassed the Zacks Consensus Estimate in one of the past four quarters, matched once and missed in the other two, delivering an average surprise of 136.1%. The bottom-line estimate has remained unchanged in the past 30 days. Bleak Chances of an Earnings Beat for MARA Our proven model doesn't conclusively predict an earnings beat for RIOT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. MARA has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. Dual Approach Should Boost MARA's Revenues MARA's top line in the to-be-reported quarter is likely to have benefited from the company's dual approach to Bitcoin mining, combining revenue generation with strategic asset accumulation. By leveraging its expansive and energy-efficient mining operations, it produces Bitcoin at lower costs, ensuring consistent revenue streams. MARA retains a significant portion of the Bitcoin it mines, positioning itself to capitalize on potential price appreciation over time. MARA's Price Dynamics The stock has gained 21% over the past three months. Over this period, MARA's competitors in the bitcoin-mining space, such as Riot Platforms, Inc. RIOT and HuT 8 Corp. HUT have gained 96% and 56%, respectively. Marathon Digital Holdings, Inc. Price and EPS Surprise Marathon Digital Holdings, Inc. price-eps-surprise | Marathon Digital Holdings, Inc. Quote Pre-Earnings Investment Considerations MARA remains a cautious hold amid a mixed performance landscape. Its strategic expansion through increased mining capacity and cost-effective facility acquisitions supports long-term growth. Additionally, the prospect of a crypto-friendly regulatory environment is likely to have provided a favorable tailwind for the company. Although its revenue generation appears robust, near-term profitability continues to face challenges. The firm's balanced approach of combining immediate income with strategic asset accumulation suggests that investors should hold their positions while awaiting operational improvements and a supportive market backdrop. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report Hut 8 Corp. (HUT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
2 days ago
- Business
- Globe and Mail
Should MARA Stock Be in Your Portfolio Pre-Q2 Earnings?
Marathon Digital Holdings, Inc. MARA is set to report second-quarter 2025 results on July 29, after the bell. The Zacks Consensus Estimate for the bottom line is pegged at a loss of 49 cents per share compared with a loss of 24 cents in the year-ago quarter. The consensus mark for revenues is pinned at $228.9 million, indicating 57.7% year-over-year growth. Earnings surpassed the Zacks Consensus Estimate in one of the past four quarters, matched once and missed in the other two, delivering an average surprise of 136.1%. The bottom-line estimate has remained unchanged in the past 30 days. Bleak Chances of an Earnings Beat for MARA Our proven model doesn't conclusively predict an earnings beat for RIOT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. MARA has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. Dual Approach Should Boost MARA's Revenues MARA's top line in the to-be-reported quarter is likely to have benefited from the company's dual approach to Bitcoin mining, combining revenue generation with strategic asset accumulation. By leveraging its expansive and energy-efficient mining operations, it produces Bitcoin at lower costs, ensuring consistent revenue streams. MARA retains a significant portion of the Bitcoin it mines, positioning itself to capitalize on potential price appreciation over time. MARA's Price Dynamics The stock has gained 21% over the past three months. Over this period, MARA's competitors in the bitcoin-mining space, such as Riot Platforms, Inc. RIOT and HuT 8 Corp. HUT have gained 96% and 56%, respectively. Marathon Digital Holdings, Inc. Price and EPS Surprise Marathon Digital Holdings, Inc. price-eps-surprise | Marathon Digital Holdings, Inc. Quote Pre-Earnings Investment Considerations MARA remains a cautious hold amid a mixed performance landscape. Its strategic expansion through increased mining capacity and cost-effective facility acquisitions supports long-term growth. Additionally, the prospect of a crypto-friendly regulatory environment is likely to have provided a favorable tailwind for the company. Although its revenue generation appears robust, near-term profitability continues to face challenges. The firm's balanced approach of combining immediate income with strategic asset accumulation suggests that investors should hold their positions while awaiting operational improvements and a supportive market backdrop. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis Report Riot Platforms, Inc. (RIOT): Free Stock Analysis Report Hut 8 Corp. (HUT): Free Stock Analysis Report
Yahoo
2 days ago
- Business
- Yahoo
Mining Profitability Climbed Over 5% in June as Hashrate Fell, BTC Price Rose: Jefferies
Bitcoin (BTC) mining profitability increased 5.3% in June, buoyed by a 1.2% increase in the cryptocurrency's price and a 6.7% drop in the network hashrate, according to a report by investment bank Jefferies. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s). The profitability boost came as extreme summer heat across the U.S. drove up energy prices, prompting less efficient miners to throttle operations. So far in July, bitcoin has surged past $123,000, to set a new all-time high driven by increasingly favorable crypto regulation and a weakening U.S. dollar following tariff-related comments from President Donald Trump. The macro and regulatory backdrop has intensified investor interest and provided a fresh tailwind for mining firms, the report said. Despite the improved profitability, North American public miners saw a month-over-month decline in bitcoin production, analysts Jonathan Petersen and Jan Aygul wrote. In June, they mined a total of 3,382 BTC, down from 3,754 in May. They accounted for 25.1% of the global network, versus 26.3% the prior month, the report noted. MARA (MARA) led in output with 713 BTC mined, followed by CleanSpark with 685 tokens. MARA also maintained its lead in energized hashrate, posting 57.4 EH/s at the end of June, down slightly from May's 58.3 EH/s. CLSK held the second-highest hashrate at 45.3 EH/s, the bank said. Bitcoin mining economics improved last month. A hypothetical 1 EH/s mining fleet would have generated approximately $57,000 in daily revenue during June, up from $54,000 in May, the report added.
