Proceeds to be used primarily to acquire bitcoin, repurchase existing convertible notes due 2026 and for general corporate purposes Fort Lauderdale, FL, Nov. 18, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced that it intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of convertible senior notes due 2030 (the “ ...

Key TakeawaysMara Holdings, parent company of Bitcoin miner Marathon Digital, reported third-quarter results that missed estimates after the bell Tuesday.Mara Holdings reported a net loss nearly $50 million larger than analysts had expected.Shares fell in early trading Wednesday, reversing the stock's post-election rally. Mara Holdings (MARA) stock's post-election rally slowed Wednesday after the Bitcoin (BTCUSD) mining company's third-quarter results missed estimates. The company reported $131.6 million in ...

Bitcoin (BTC) is up about 25% since the presidential election on November 7. The headline stories will focus on the fact that BTC is hitting new all-time highs on a regular basis. However, it’s important to note that Bitcoin’s new highs are also inflation-adjusted highs.   If you’re an owner (or hodler), this rally feels like the vindication you’ve been waiting for. And if you’re a skeptic, it may be worth more than a passing glance.  The reality is somewhere in between. But price action like this is even m ...

Financial Data and Key Metrics Changes - The energized hash rate increased by 93% to 36.9 exahash per second in Q3 2024 compared to Q3 2023, with over 40 exahash already achieved [56] - Revenues increased by 35% compared to the same quarter last year, despite challenges from Bitcoin price fluctuations and global hash rate increases [57] - Cash cost of revenue decreased by 18% from $45.2 per petahash per day in Q3 2023 to $37.1 in Q3 2024, reflecting the strategy towards near-zero energy costs [60][61] Business Line Data and Key Metrics Changes - The acquisition of data centers is expected to increase total owned and operated compute capacity by over 70%, with a total nameplate capacity now just under 1.5 gigawatts [13][14] - The company secured approximately 1 gigawatt of nameplate capacity through acquisitions and greenfield site developments in 2024 [14] Market Data and Key Metrics Changes - The company has begun developing a 150-megawatt operation in Findlay, Ohio, which already has 30 megawatts of capacity [9] - The company is diversifying its portfolio across multiple jurisdictions to ensure no single ISO contains more than 50% of its owned and operated capacity [10] Company Strategy and Development Direction - The company aims to position itself as one of the most cost-effective operators in the industry, focusing on lowering operational costs through owned and operated energy and data centers [10][19] - The strategy includes building more owned and operated generation capacity and partnering with AI companies for energy management [18][29] Management's Comments on Operating Environment and Future Outlook - Management believes that the period of low-cost growth is likely coming to an end, and companies will need to compete for capacity in a different way [26] - The company is focused on working with government branches to educate them on the benefits of Bitcoin mining for energy grid management [70] Other Important Information - The company holds over 27,000 Bitcoin, valued at approximately $2.5 billion, which provides financial flexibility and options for generating yield [62][24] - The company has a strong balance sheet, one of the strongest in the sector, which positions it well for future opportunities [64] Q&A Session Summary Question: How does the recent acquisition fit into MARA's strategy to drive energy costs to near zero? - The acquisition allows for significant operational cost reductions and aligns with the goal of lowering operational costs over time [16] Question: What flexibility does MARA have in using power from the Ohio sites? - The company can leverage power trading and hedges, providing flexibility in managing power costs [20] Question: Can you discuss MARA's HODL strategy regarding Bitcoin? - The company has purchased Bitcoin opportunistically, resulting in significant returns for shareholders, and plans to continue a hybrid strategy of buying and mining Bitcoin [22][23] Question: What are the highlights of MARA's overall financial performance? - The energized hash rate and revenues have significantly increased, while costs have decreased, demonstrating effective management and strategic growth [56][59] Question: How does MARA plan to capitalize on the experience of new Board members? - The company is focused on delivering high-value solutions and will leverage the expertise of new Board members to enhance operations [44][48]

Marathon Digital Holdings, Inc. (MARA) came out with a quarterly loss of $0.38 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.23 per share when it actually produced a loss of $0.24, delivering a surprise of -4.35%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Marathon Digital, whi ...

Q3 2024 Update NASDAQ:MARA • November 12, 2024 -3- Disclaimer 2 Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forwardlooking statements described under the heading "Risk Factors" in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the "SEC"). If any of these risks were to occur, our business, ...

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Nevada 01-0949984 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 per share MARA The Nasdaq Capital Market Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECT ...

MARA Holdings, Inc. (MARA) is scheduled to release third-quarter 2024 results on Nov. 12, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.MARA missed the Zacks Consensus Estimate in each of the past four quarters, with the negative surprise being 142.3%, on average.MARA’s Q3 ExpectationsWe expect revenue diversification to have been driven by the commencement of the Kaspa mining operations, leveraging digital asset computing to offer an effective and low-cost alternative t ...

Acquisition of two sites totaling 222 megawatts of capacity for $270/kW$270/kW acquisition multiple is one of lowest amongst larger public peersGreenfield development of a 150-megawatt site, to be gradually energized by year-end 2025Compute is fully secured for operational capacity along with a majority of anticipated growth capacity Fort Lauderdale, FL, Nov. 11, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy ...