Marathon Digital Holdings, Inc. (MARA) – Focused on expansion and hashrate

Marathon Digital Holdings, Inc. (MARA) (Q2FY23)

Stock Performance: Marathon Digital’s stock price showed a downtrend in the past 3-month period and gave negative returns of -46%. The price decreased by -31% in the past 1 year. The stock has a 52-week high of $19.88 and its 52-week low is $3.11.

Q2FY23 Performance: In the three months ending June 30, 2023, the company incurred a net loss of $21.3mn, equating to $0.13 per share, marking a significant improvement from the previous year’s net loss of $212.6mn, or $1.94 per share.

Highlights

Marathon is actively pursuing vertical integration within its technological stack to potentially decrease latency in its operations. The aim is to enhance operational efficiency, which could lead to a potential competitive advantage in winning more blocks, particularly with the forthcoming halving event reducing block subsidies by 50%.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– 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: 31

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