| Sector: Technology | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1180 N. Town Center Drive, Suite 100 LAS VEGAS NV 89144 |
| Tel: | N/A |
| Website: | https://www.mara.com |
| IR: | See website |
| Key People | ||
| Frederick G. Thiel Chairman of the Board, Chief Executive Officer | Salman H. Khan Chief Financial Officer | James G. Crawford Chief Operating Officer |
| Ashu Swami Chief Technology Officer | John Lee Chief Accounting Officer | |
| Business Overview |
| Marathon Digital Holdings, Inc. is a digital asset technology company, which is focused on supporting and securing the Bitcoin ecosystem. The Company is engaged in owning and operating bitcoin mining facilities or data centers, selling proprietary software or technology to third parties operating in the Bitcoin ecosystem, offering advisory and consulting services to support bitcoin mining ventures in domestic and international jurisdictions, and generating electricity from renewable energy resources or methane gas capture to power bitcoin mining projects. Its business is also active in Bitcoin-related projects related to the technological development of immersion, hardware, firmware, mining pools and side chains that use the blockchain cryptography. It operates approximately 210,000 mining rigs globally, with an installed and energized hash rate of approximately 25.2 and 24.7 exahashes per second, respectively. The Company has mined 12,852 bitcoins. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Marathon Digital Holdings Inc revenues increased from $117.8M to $387.5M. Net income applicable to common stockholders totaled $259.1M vs. loss of $694M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Digital Currency Blockchain segment income totaling $220.9M vs. loss of $673.5M. |
| Employees: | 60 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,110M as of Dec 31, 2023 |
| Annual revenue (TTM): | $387.51M as of Dec 31, 2023 |
| EBITDA (TTM): | $68.94M as of Dec 31, 2023 |
| Net annual income (TTM): | $259.05M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$343.26M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 272,924,506 as of Apr 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |