Marathon Digital Holdings Inc (OQ:MARA)

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
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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: $3,351M 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: 267,639,590 as of Feb 21, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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