MARA Holdings, Inc (DE:M44)
NASDAQ:M44
M44 Stock Chart & Stats
€10.08
-€1.15(-6.08%)
At close: 4:00 PM EST
€10.08
-€1.15(-6.08%)
Day’s Range― - ―
52-Week Range€5.74 - €20.14
Previous CloseN/A
Volume4.54K
Average Volume (3M)25.43K
Market Cap
€4.87B
Enterprise Value€7.25B
Total Cash (Recent Filing)€527.56M
Total Debt (Recent Filing)€2.46B
Price to Earnings (P/E)―
Beta2.07
Next Earnings
Aug 12, 2026EPS Estimate
0.31Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-5.50
Shares Outstanding381,270,500
10 Day Avg. Volume29,865
30 Day Avg. Volume25,426
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.92
Price to Sales (P/S)3.52
P/FCF Ratio-10.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€13.50Price Target Upside33.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)-2.28
Revenue Forecast (FY)€750.13M
Bulls Say, Bears Say
Bulls Say
Rising Energized Hashrate And Market ShareSustained growth in energized hashrate and reward share reflects scalable mining operations and execution on capacity deployments. Higher owned hash rate improves long‑term Bitcoin production run‑rate and competitive positioning versus peers, supporting durable revenue potential over months.
Long Ridge Acquisition Expands Low‑cost Power And CapacityOwning a high‑efficiency combined‑cycle plant and industrially permitted campus materially increases contracted and controllable power capacity. Low incremental power cost (~$15/MWh) and immediate EBITDA contribution should stabilize cash flows and enable durable AI/compute revenue diversification beyond volatile BTC mining.
Starwood JV Provides Capital‑efficient Monetization PathThe JV monetizes powered site value into near‑contracted cash flow with limited incremental equity, converting asset base into recurring, yield‑style returns. This structurally reduces reliance on spot Bitcoin price for liquidity and supports scalable, lower‑risk commercial growth in hosting/AI infrastructure.
Bears Say
Persistent Negative Free Cash FlowChronic negative free cash flow implies ongoing external funding needs for capex, acquisitions and debt service. Even with positive operating cash flow in 2025, persistent FCF deficits reduce flexibility, necessitate asset monetization or dilutive financing, and constrain durable investment capacity.
High Earnings Volatility From Bitcoin Mark‑to‑marketSignificant GAAP volatility from digital‑asset fair‑value swings makes reported earnings and equity metrics unstable. This structural sensitivity to BTC price hampers predictability of earnings and cash‑flow conversion, complicating long‑term planning and credit/financing terms across multiple quarters.
Elevated Leverage And Transaction Financing ComplexityRising leverage and complex funding for Long Ridge raise refinancing, covenant and consent risks. Dependence on bridge facilities, noteholder waivers and potential BTC‑collateralized borrowings increases execution risk and could limit strategic optionality if markets tighten over the next several months.
MARA Holdings News
M44 FAQ
What was MARA Holdings, Inc’s price range in the past 12 months?
MARA Holdings, Inc lowest stock price was €5.74 and its highest was €20.14 in the past 12 months.
What is MARA Holdings, Inc’s market cap?
MARA Holdings, Inc’s market cap is €4.87B.
When is MARA Holdings, Inc’s upcoming earnings report date?
MARA Holdings, Inc’s upcoming earnings report date is Aug 12, 2026 which is in 45 days.
How were MARA Holdings, Inc’s earnings last quarter?
MARA Holdings, Inc released its earnings results on May 11, 2026. The company reported -€3.073 earnings per share for the quarter, missing the consensus estimate of -€1.327 by -€1.746.
Is MARA Holdings, Inc overvalued?
According to Wall Street analysts MARA Holdings, Inc’s price is currently Undervalued.
Does MARA Holdings, Inc pay dividends?
MARA Holdings, Inc does not currently pay dividends.
What is MARA Holdings, Inc’s EPS estimate?
MARA Holdings, Inc’s EPS estimate is 0.31.
How many shares outstanding does MARA Holdings, Inc have?
MARA Holdings, Inc has 381,270,500 shares outstanding.
What happened to MARA Holdings, Inc’s price movement after its last earnings report?
MARA Holdings, Inc reported an EPS of -€3.073 in its last earnings report, missing expectations of -€1.327. Following the earnings report the stock price went down -11.456%.
Which hedge fund is a major shareholder of MARA Holdings, Inc?
Currently, no hedge funds are holding shares in DE:M44
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
MARA Holdings Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
€13.50 (33.93% Upside)
€13.50 (33.93% Upside)
Blogger Sentiment
Bullish
DE:M44 Sentiment 70%
Sector Average ―
Sector Average ―
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-4.78%
12-Months-Change
Fundamentals
Return on Equity
-52.07%
Trailing 12-Months
Asset Growth
-23.20%
Trailing 12-Months
Company Description
MARA Holdings, Inc
Marathon Digital Holdings, Inc. is a technology firm specializing in digital assets. Its core business involves mining cryptocurrencies, with a strategic focus on developing the blockchain ecosystem and generating new digital assets primarily within the United States. By the close of 2021, the company held roughly 8,115 bitcoins, 4,794 of which were managed within an investment fund. Founded in 2010, the company, headquartered in Las Vegas, Nevada, adopted its current name in February 2021, having previously been known as Marathon Patent Group, Inc.
M44 Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presents a mixed but strategically forward-looking picture: strong operational progress and major strategic moves (Starwood JV execution, Exaion acquisition, Long Ridge deal, record energized hashrate, and debt/dilution reduction) position MARA to scale AI/critical IT infrastructure and monetize powered land. However, material near-term financial headwinds persist — Q1 revenue declines, a large net loss and negative adjusted EBITDA driven by Bitcoin price markdowns, lower BTC holdings, higher per-BTC costs and elevated G&A/restructuring charges. The company has actionable financing plans and capital-efficient JV structures to convert assets to contracted cash flows, but short-term results remain volatile and sensitive to BTC prices.View all DE:M44 earnings summariesM44 Stock 12 Month Forecast
Average Price Target
€13.50
▲(33.93% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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