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Upturn AI Summary - About
Marathon Digital Holdings Inc(MARA)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MARA
10/23/2026: MARA (1-star) is currently NOT-A-BUY. Pass it for now.
Marathon Digital Holdings is a leading digital asset miner focused on industrial-scale bitcoin production. The company derives its strength from a massive hash capacity and a substantial treasury of self-mined bitcoin, positioning it as a significant player in the crypto mining sector. Its primary growth opportunity lies in aggressive capacity scaling and energy infrastructure optimization, though it faces substantial risks from bitcoin price volatility, rising mining difficulty, and potential regulatory shifts. The stock may suit growth-oriented investors with a high risk tolerance who are looking for leveraged exposure to the bitcoin market. Investors should monitor energy costs and regulatory developments closely.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company focuses on aggressive scaling of its mining capacity. |
| Momentum investor | Strong fit while signal remains positive | The stock is highly volatile and tracks closely with bitcoin price action. |
| Value investor | Weak fit | The company is capital-intensive and trades based on future growth/bitcoin price expectations. |
| Dividend investor | Weak fit | No dividend is paid to shareholders. |
| Low-risk investor | Weak fit | High exposure to regulatory, operational, and cryptocurrency market volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock price is highly sensitive to the market value of bitcoin. |
| Valuation risk | Medium / high | Valuations are often disconnected from traditional earnings metrics. |
| Competition risk (Mining capacity) | Medium / high | Increasing hash rate competition forces miners to improve efficiency constantly. |
| Business quality | Medium | The business model depends on exogenous factors like network difficulty. |
| Dividend income | Low / none | The company does not provide income through dividends. |
| Execution risk | Medium | Scaling large-scale industrial mining operations involves complex logistical challenges. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit -12.3% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.80B USD | Price to earnings Ratio - | 1Y Target Price 18.46 |
Price to earnings Ratio - | 1Y Target Price 18.46 | ||
Volume (30-day avg) 40.4M shares | Beta 5.35 | 52 Weeks Range 6.66 - 20.47 | Updated Date 10/23/2026 |
52 Weeks Range 6.66 - 20.47 | Updated Date 10/23/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -9.4 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Bitcoin Mining | Mining blocks on the Bitcoin blockchain for reward. | The company earns profit by using computers to secure the bitcoin network in exchange for newly minted bitcoin. |
| Energy Services | Managing energy infrastructure to support mining operations. | Optimizing power usage helps the company lower its mining costs. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 39.53 | Enterprise Value 7.20B | Price to Sales(TTM) 3.48 |
Enterprise Value 7.20B | Price to Sales(TTM) 3.48 | ||
Enterprise Value to Revenue 8.96 | Enterprise Value to EBITDA 6.66 | Shares Outstanding 386.30M | Shares Floating 378.49M |
Shares Outstanding 386.30M | Shares Floating 378.49M | ||
Percent Insiders 0.78 | Percent Institutions 75.92 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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