Marathon Digital Holdings Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.39
Dividend & YieldN/A$ (N/A)
Beta 5.04
Market capitalization 688.2M
Operating cash flow -58.1M
ESG Scores unknown

Company description

Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada.

Sector: Financial Services - Industry: Capital Markets

Financial Ratios
Quick Ratio49.89
Working Capital-0.05
Return On Equity-0.05
Debt To Equity1.07
Fixed Asset Ratio0
Fixed Interest Cover-54.21

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -725.59k 2.75k -23.32k 11.93M
Total Cashflows From Investing Activities -4.16M 1.21M -81.29M -891.92M
Net Borrowings 62.5k 62.5k 62.5k 728.81M
Total Cash From Financing Activities 245.49k 245.49k 229.69M 1.04B
Change To Operating Activities -4.02M -1.69M -3.8M -149.63M
Issuance Of Stock 255.89k 255.89k 236.7M 326.21M
Net Income -12.81M -3.52M -10.45M -36.17M
Change In Cash -12.4M -1.86M 140.63M 127.2M
Effect Of Exchange Rate 15
Total Cash From Operating Activities -8.24M -3.32M -7.77M -18.22M
Depreciation 2.07M 1.08M 3.16M 15.1M
Change To Account Receivables
Other Cashflows From Financing Activities -10.4k -10.4k -7.07M -12.98M
Change To Netincome 4.96M 811.27k 3.34M 140.56M
Capital Expenditures -5.25M -5.22k -83.39M -708.92M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -12.75M -3.52M -10.45M -13.15M
Net Income -12.81M -3.52M -10.45M -36.17M
Selling General Administrative 3.27M 1.02M 1.59M 8.02M
Gross Profit -3.73M -2.77M -7.37M -47.52M
Ebit -7M -3.79M -8.96M -85.09M
Operating Income -7M -3.79M -8.96M -85.09M
Interest Expense -2.37M -51.91k -20.98k -1.57M
Income Tax Expense 69.13k 2.4k 23.02M
Total Revenue 1.56M 1.19M 4.36M 150.46M
Cost Of Revenue 5.3M 3.96M 11.73M 197.98M
Total Other Income ExpenseNet -5.74M 274.27k -1.48M 71.93M
Net Income From Continuing Ops -12.81M -3.52M -10.45M -36.17M
Net Income Applicable To Common Shares -12.81M -3.52M -10.45M -36.17M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 2.27M 2.97M 1.51M 765.22M
Total Stockholder Equity 2.92M 3.65M 311.74M 683.02M
Other Current Liabilities 39.08k 526.55k 322.44k
Total Assets 5.19M 6.62M 313.25M 1.45B
Common Stock 638 846 8.2k 10.27k
Other Current Assets 1.14k 67.92M 157.7M
Retained Earnings -102.09M -105.61M -116.06M -152.23M
Treasury Stock -450.72k -450.72k -450.72k -450.72k
Cash 2.55M 692.96k 141.32M 268.52M
Total Current Liabilities 2.27M 1.85M 1.44M 13.79M
Other Stockholder Equity -450.72k -450.72k -450.72k -450.72k
Property, Plant, and Equipment 1.03M 4.05M 17.42M 276.24M
Total Current Assets 3.02M 1.49M 286.41M 688.15M
Net Tangible Assets 1.78M 2.57M 310.74M 682.09M
Net Receivables 74.77M 30M
Accounts Payable 1.24M 1.24M 999.74k 12.93M


Insider Transactions

Here are the insider transactions of stock shares related to Marathon Digital Holdings Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
DENUCCIO KEVIN APurchase at price 13.72 per share.D2022-08-23Director5k
DENUCCIO KEVIN APurchase at price 10.15 per share.D2022-05-12Director15.42k
DENUCCIO KEVIN AConversion of Exercise of derivative security at price 18.15 per share.D2022-04-25Director12.63k
THIEL FREDERICKConversion of Exercise of derivative security at price 18.15 per share.D2022-04-25Chief Executive Officer88.2k
ANTOUN GEORGES JConversion of Exercise of derivative security at price 18.15 - 20.90 per share.D2022-04-25Director15.16k
OUISSAL SAIDConversion of Exercise of derivative security at price 18.15 - 20.90 per share.D2022-04-25Director8.79k
LEUPP JAY PConversion of Exercise of derivative security at price 18.15 - 20.90 per share.D2022-04-25Director16.7k
JAMES SARITA MConversion of Exercise of derivative security at price 18.15 - 20.90 per share.D2022-04-25Director9.76k
CRAWFORD JAMESConversion of Exercise of derivative security at price 25.55 per share.D2022-02-15Chief Operating Officer10k
SALZMAN SIMEONConversion of Exercise of derivative security at price 25.55 per share.D2022-02-15Chief Financial Officer10k
BENZ PETER TConversion of Exercise of derivative security at price 25.72 per share.D2022-02-14Officer45k
ANTOUN GEORGES JConversion of Exercise of derivative security at price 32.89 per share.D2022-01-03Director2.55k
OUISSAL SAIDConversion of Exercise of derivative security at price 32.89 per share.D2022-01-03Director1.99k
LEUPP JAY PConversion of Exercise of derivative security at price 32.89 per share.D2022-01-03Director4.07k
JAMES SARITA MConversion of Exercise of derivative security at price 32.89 per share.D2022-01-03Director2.35k
OKAMOTO MERRICK DSale at price 37.02 per share.D2021-12-28Officer and Director83.33k
OKAMOTO MERRICK DConversion of Exercise of derivative security at price 37.02 per share.D2021-12-28Officer and Director83.33k
DENUCCIO KEVIN AD2021-10-05Director16.84k
THIEL FREDERICKD2021-10-05Chief Executive Officer10.05k
ANTOUN GEORGES JD2021-10-05Director2.54k
OUISSAL SAIDConversion of Exercise of derivative security at price 33.63 per share.D2021-10-05Director1.98k
LEUPP JAY PD2021-10-05Director4.07k
JAMES SARITA MConversion of Exercise of derivative security at price 33.63 per share.D2021-10-05Director3.05k
DENUCCIO KEVIN AConversion of Exercise of derivative security at price 35.26 per share.D2021-08-23Director16.84k
THIEL FREDERICKConversion of Exercise of derivative security at price 35.26 per share.D2021-08-23Chief Executive Officer16.99k
OKAMOTO MERRICK DConversion of Exercise of derivative security at price 35.26 per share.D2021-08-23Officer and Director1.32M
BENZ PETER TConversion of Exercise of derivative security at price 35.26 per share.D2021-08-23Officer43.06k
SALZMAN SIMEONSale at price 53.38 per share.D2021-04-05Chief Financial Officer15k
DENUCCIO KEVIN AConversion of Exercise of derivative security at price 4.75 - 48.02 per share.D2021-03-31Director38.26k
THIEL FREDERICKConversion of Exercise of derivative security at price 0.91 - 48.02 per share.D2021-03-31Director78.44k
OKAMOTO MERRICK DConversion of Exercise of derivative security at price 48.02 per share.D2021-03-31Chief Executive Officer339.2k
CRAWFORD JAMESConversion of Exercise of derivative security at price 2.19 - 48.02 per share.D2021-03-31Chief Operating Officer140.36k
BENZ PETER TD2021-03-31Director73.06k
BERG MICHAEL CARROLLConversion of Exercise of derivative security at price 0.91 - 48.02 per share.D2021-03-31Director63.83k
OKAMOTO MERRICK DSale at price 48.65 per share.D2021-02-18Chief Executive Officer700k
BENZ PETER TSale at price 46.40 per share.D2021-02-18Director30k
BERG MICHAEL CARROLLSale at price 39.56 - 46.20 per share.D2021-02-17Director20k
CRAWFORD JAMESSale at price 43.10 per share.D2021-02-16Chief Operating Officer25k
THIEL FREDERICKSale at price 39.19 per share.D2021-02-12Director2k
OKAMOTO MERRICK DConversion of Exercise of derivative security at price 2.19 - 13.59 per share.D2021-02-05Chief Executive Officer4.04M
OKAMOTO MERRICK DSale at price 19.76 - 20.55 per share.D2021-01-07Chief Executive Officer632k
OKAMOTO MERRICK DConversion of Exercise of derivative security at price 10.44 per share.D2020-12-31Chief Executive Officer344.06k
SALZMAN SIMEONConversion of Exercise of derivative security at price 2.19 per share.D2020-12-31Chief Financial Officer89.37k
RUDOLPH MICHAELSale at price 6.40 per share.D2020-12-15Director3k
LIEBERMAN DAVID PHILIPSale at price 6.15 per share.D2020-12-01Chief Financial Officer7.5k
BERG MICHAEL CARROLLSale at price 6.15 per share.D2020-12-01Director7.5k
RUDOLPH MICHAELSale at price 6.09 per share.D2020-11-30Director9k
RUDOLPH MICHAELSale at price 6.15 per share.D2020-11-30Director3k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Marathon Digital Holdings Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Marathon Digital Holdings Inc

Here is the result of two systematic investment strategies applied to Marathon Digital Holdings Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Marathon Digital Holdings Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Marathon Digital Holdings Inc:

Marathon Digital Holdings Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 1601.37% on the backtest period.

Performance at glance

Performance

1601.37 %

Latent gain

36096.69 $

Invested capital

2254.11 $

Annualized return

386.8 %
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Momentum strategy results on Marathon Digital Holdings Inc

This is the result of two momentum investment strategies applied to Marathon Digital Holdings Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Marathon Digital Holdings Inc

The following chart shows all the entries opened by the momentum investment system on Marathon Digital Holdings Inc:

Marathon Digital Holdings Inc momentum entries
  • The first momentum investment strategy would give 1642.41% of return on Marathon Digital Holdings Inc. That represents 77790.23$ of latent gain with 4736.35$ of employed capital.
  • The second momentum investment strategy would give 1739.7% of return on Marathon Digital Holdings Inc. That represents 52312.26$ of latent gain with 3006.96$ of employed capital.
Performance at glance (1Q Momentum)

Performance

1642.41 %

Latent gain

77790.23 $

Invested capital

4736.35 $

Annualized return

25.74 %
Performance at glance (2Q Momentum)

Performance

1739.7 %

Latent gain

52312.26 $

Invested capital

3006.96 $

Annualized return

475.33 %

Momentum equity curve on Marathon Digital Holdings Inc

The following chart shows the equity curve of the two momentum strategies applied to Marathon Digital Holdings Inc:

Marathon Digital Holdings Inc momentum equity

Note: the dividends potentially given by Marathon Digital Holdings Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Marathon Digital Holdings Inc

The following chart shows the employed capital evolution of the two momentum strategies on Marathon Digital Holdings Inc since the beginning:

Marathon Digital Holdings Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Marathon Digital Holdings Inc

Buy the dip entry openings on Marathon Digital Holdings Inc

Marathon Digital Holdings Inc

The performance achieved by the robo-advisor on Marathon Digital Holdings Inc is 55.08%. That represents 141.35$ of latent gain with 256.63$ of employed capital. The following chart shows Marathon Digital Holdings Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Marathon Digital Holdings Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

55.08 %

Latent gain

141.35 $

Invested capital

256.63 $

Annualized return

25.74 %

Equity curve of the strategy applied to Marathon Digital Holdings Inc

The following chart shows the result of the investment strategy applied to Marathon Digital Holdings Inc:

Marathon Digital Holdings Inc

Note: the dividends potentially given by Marathon Digital Holdings Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Marathon Digital Holdings Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Marathon Digital Holdings Inc:

Marathon Digital Holdings Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Marathon Digital Holdings Inc

In this section, I will compare the three previous investment strategies applied to Marathon Digital Holdings Inc.

Equity curve comparison on Marathon Digital Holdings Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Marathon Digital Holdings Inc investment strategy comparison

Employed capital comparison on Marathon Digital Holdings Inc

Marathon Digital Holdings Inc investment comparison

Performance comparison on Marathon Digital Holdings Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 1601.37% 36096.69$ 2254.11$ 386.8%
Momentum 1 quarter 1642.41% 77790.23$ 4736.35$ 421.13%
Momentum 2 quarters 1739.7% 52312.26$ 3006.96$ 475.33%
Non-directional 55.08% 141.35$ 256.63$ 25.74%
Annualized return comparison

Automatic investment

386.8 %

Momentum 1Q

475.33 %

Momentum 2Q

475.33 %

Non-directional

25.74 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Marathon Digital Holdings Inc:

Note: The algorithm computes the probability of correlation between Marathon Digital Holdings Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Marathon Digital Holdings Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Marathon Digital Holdings Inc
Country United States
City Las Vegas
Address 1180 North Town Center Drive
Phone 702 945 2773
Website www.marathondh.com
FullTime employees 10
Industry Capital Markets
Sector Financial Services
Exchange XNAS
Ticker MARA
Market www.nasdaq.com

Marathon Digital Holdings Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown