Marathon Digital Holdings, Inc. (MARA) – Can Marathon achieve high hash rate targets in FY23?

Marathon Digital Holdings, Inc. (MARA) (Q1FY23)

Introduction

Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines digital assets with a focus on the blockchain ecosystem and the generation of digital assets in United States. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021.

Highlights

The joint venture MARA is establishing is for two sites, a 50-megawatt site in the port zone of Mina Zayed and a 200-megawatt site in Masdar City, which is the sustainability hub for Abu Dhabi. Both sites are expected to be operational before the end of this year.

Stock performance

The stock was in an uptrend from Aug 20 to Dec 2021, making a high of $76 after which it has been into a downtrend and right now trading at $16.56 on Aug 23 from $3.83 on Aug 20, giving a 332% return in three year period.

Marathon Digital’s stock price was on a declining trend during the first 6 months from Aug 22 to Jan 23 and turned into an uptrend. The stock has a 52-week high of $19.88 and its 52-week low is $3.11. MARA has the 50-Day Moving Avg. and 200-Day Moving Avg. of 13.43 and 9.29, respectively.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 29

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