Latest news with #MarathonDigital
Globe and Mail
a day 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
18-07-2025
- Business
- Yahoo
Bitcoin Dips Below $117K After Crypto Bills Get Shot Down in Congress
Bitcoin (BTC-USD) hit the brakes Tuesday, dropping below $117,000 after crypto-focused bills ran into political resistance in the U.S. House of Representatives. Warning! GuruFocus has detected 7 Warning Sign with MU. The price tumbled 2.8% to $116,516 retreating from a daily high of $120,481 as 13 Republicans crossed the aisle to block a procedural vote. That setback deflated expectations that Congress might finally deliver regulatory clarity for the industry. It's a sharp turn from recent weeks, where excitement around bitcoin ETFs and hopes for a legislative breakthrough had driven the token to all-time highs. Crypto stocks didn't escape the fallout. Riot Platforms (RIOT, Financials) fell 3.3%, Marathon Digital (MARA, Financials) slid 2.3%, and Coinbase (COIN, Financials) dropped 1.5% all showing weakness even after the closing bell. The vote wasn't on final legislation, but it still signaled a rocky path ahead. And with crypto's fortunes now tied closely to politics, traders are watching D.C. as closely as they are their charts. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-07-2025
- Business
- Yahoo
Bitcoin Dips Below $117K After Crypto Bills Get Shot Down in Congress
Bitcoin (BTC-USD) hit the brakes Tuesday, dropping below $117,000 after crypto-focused bills ran into political resistance in the U.S. House of Representatives. Warning! GuruFocus has detected 7 Warning Sign with MU. The price tumbled 2.8% to $116,516 retreating from a daily high of $120,481 as 13 Republicans crossed the aisle to block a procedural vote. That setback deflated expectations that Congress might finally deliver regulatory clarity for the industry. It's a sharp turn from recent weeks, where excitement around bitcoin ETFs and hopes for a legislative breakthrough had driven the token to all-time highs. Crypto stocks didn't escape the fallout. Riot Platforms (RIOT, Financials) fell 3.3%, Marathon Digital (MARA, Financials) slid 2.3%, and Coinbase (COIN, Financials) dropped 1.5% all showing weakness even after the closing bell. The vote wasn't on final legislation, but it still signaled a rocky path ahead. And with crypto's fortunes now tied closely to politics, traders are watching D.C. as closely as they are their charts. This article first appeared on GuruFocus.
Business Insider
15-07-2025
- Business
- Business Insider
Marathon Digital Stock (MARA) Soars 10% as Bitcoin Hits a New ATH & Crypto Week Starts
Marathon Digital (MARA) stock rallied on Monday after Bitcoin (BTC) broke past the $120,000 per token barrier. BTC currently trades at $121,452 after hitting a new all-time high of $122,547 earlier today. This matters to Marathon Digital as the company operates one of the largest Bitcoin mining operations in North America. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Another positive for Marathon Digital is Crypto Week. This is a period when the U.S. House of Representatives will start deliberating on new bills that could become laws with major effects on the crypto sector. Among these is the Genius Act, which would set regulations for the creation of stablecoins tied to the U.S. dollar. Finally, Marathon Digital stock has experienced an upward trend recently, which included a 14.27% gain over the past week. This came alongside a collaboration with TAE Power Solutions and plans to increase its Bitcoin mining operations. Considering BTC's recent rally, it makes sense that investors would be receptive to this plan. Marathon Digital Stock Movement Today Marathon Digital stock was up 9.72% on Monday morning, extending a 26.39% year-to-date rally. Even so, traders will note that MARA stock has fallen 22.13% over the past 12 months. Today's price increase came with some 14 million shares traded, compared to a three-month daily average trading volume of 44.67 million units. Is Marathon Digital Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Marathon Digital is Hold, based on three Buy, four Hold, and a single Sell rating over the past three months. With that comes an average MARA stock price target of $19.25, representing a potential 7% downside for the shares. With Crypto Week underway, investors will want to keep a close eye on MARA stock. Any government news could act as a catalyst for the company's shares, especially if it affects Bitcoin.
Forbes
11-07-2025
- Business
- Forbes
A New Way To Value Bitcoin Treasury Companies
Market-to-Fair Book Value Strategy—formerly known as MicroStrategy—is the original Bitcoin treasury company. Michael Saylor famously announced that the company's primary mission was to buy and hold bitcoin. Since then, several other companies have followed suit, including Semler Scientific, Marathon Digital Holdings, MetaPlanet, SmarterWeb, and others. In fact, new entrants continue to appear almost weekly. Some of these companies, like Marathon, have a substantial underlying operating business. Others, like XXI, are pure-play treasury companies. Still others, like Strategy, Semler, and MetaPlanet, operate small businesses that are dwarfed by their Bitcoin holdings. So, what is the best way to value these companies? Traditionally, investors have used mNAV—Market-to-Net Asset Value. Because most of these firms' value is derived from their bitcoin holdings, the standard metric has been mNAV: the ratio of the company's enterprise value to the value of its underlying Bitcoin. When mNAV is less than one, the company trades at a discount to the value of its Bitcoin. When mNAV is greater than one, it trades at a premium. There are several reasons a firm might trade at either a discount or a premium. For example, MicroStrategy traded at a discount during the last Bitcoin bear market, when its mNAV dropped below 0.8. Today, it trades at a premium, fueled by sustained interest from large institutional investors. Often, this premium reflects regulatory or geographic arbitrage. Some investors cannot directly buy or hold Bitcoin. Bitcoin treasury companies offer these investors a proxy. For example, many mutual funds are restricted by their mandates to hold only publicly listed equities—and must hold them in large enough quantities to matter. That creates demand for companies like Strategy. In another case, countries like the United Kingdom prohibit Bitcoin in retirement accounts but allow public equities. These are just two reasons why MSTR might trade at a premium to their net asset value. The conventional definition of mNAV is: where: The justification for using enterprise value—rather than just market cap—is that EV reflects what an acquirer would need to pay to buy the entire company: all its equity and all its debt. But I propose a different Book Value An alternative way to evaluate a Bitcoin treasury company is to consider what would happen in bankruptcy. Since creditors are paid first, only the remaining assets—if any—go to equity holders. In this context, the relevant comparison is not enterprise value to Bitcoin value, but rather the market value of equity to the (fair) book value of the firm. Book value is important because it reflects the net assets of a firm—the difference between its assets and liabilities. For Bitcoin treasury companies, the primary asset is bitcoin, and other assets are typically negligible. Similarly, we focus on debt related to bitcoin acquisitions, ignoring other liabilities for simplicity. Now, U.S. accounting rules (GAAP) define book value based on historical cost, which isn't helpful in this case. What matters more is marking bitcoin to its fair market value. So, I define: Fair book value gives a clearer picture of what shareholders might actually recover—and provides a more intuitive, bankruptcy-aware valuation framework for Bitcoin treasury companies. Here, fair book value refers to book value marked to market. Since the primary asset is Bitcoin—with a liquid market price—we can mark it at fair value. This lets us compute the market to fair book value (MFBV), defined as: This measure is superior because it more closely reflects what would happen in bankruptcy. The value of Bitcoin would be used to pay off existing debt, so what matters is the remaining Bitcoin value after debt repayment. The equity value must then be compared against this post-debt Bitcoin value. Note that debt has similar—but not identical—effects on both mNAV and market to fair BV. As debt increases, both ratios a Decision Rule If we put on our value investor hat, we would buy securities when they are undervalued—specifically, when their market capitalizations are sufficiently low. To operationalize this, imagine setting a threshold such that you buy when mNAV lies below that threshold. Then, through some simple algebra, it can be shown that you would buy when In contrast, suppose you set a threshold for MFBV (market to fair book value) such that you buy when the market cap is sufficiently low. In this case, your threshold would satisfy As you can see, the thresholds vary depending on which metric you use. There's an edge case when , where the decision rule yields the same outcome for both metrics. But for any other thresholds, the outcomes Leaderboard Let's examine how the top Bitcoin treasury companies perform under both metrics, as of late June, 2025: mNAV Chart The newcomer Metaplanet has the highest mNAV in the group. The market is pricing its shares at a steep premium to its Bitcoin holdings. This benefits Metaplanet for now, as it can sell shares at a high premium and use the proceeds to buy large quantities of Bitcoin. Now let's consider how these same companies compare based on market to fair book value: MFBV Chart The chief difference between these tables shows that MARA had a lower mNAV than MSTR, but actually has a higher MFBV. As you can see, the measures are broadly similar—except Metaplanet now shows a negative market to fair book value. This happens because its debt exceeds the value of its bitcoin. If Metaplanet were to go bankrupt, equity holders would receive nothing since the company's assets (i.e., its bitcoin) wouldn't cover the face value of the Bottom Line Personally, I prefer the market to fair book value metric because it offers a clearer view of downside protection. A company with a very low market to fair book value signals that equity holders would likely still recover value even in bankruptcy. If the ratio is less than 1, it means that after Bitcoin is sold to repay debt, there would still be more than a dollar of value left for every dollar of equity held.
