MARA Holdings, Inc. operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. The company leverages Bitcoin Mining and Artificial Intelligence compute to monetize excess energy and underutilized power, optimize power management across operations and support AI inference applications. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is based in Hallandale Beach, Florida.
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Artificial Intelligence
God Bless America ETF Exec: Nvidia Wins No Matter Who Leads AI Race
Ahead of Nvidia's earnings report, Adam Curran, portfolio manager of the Yorkville-advised Truth Social God Bless America ETF, says the chipmaker's dominance doesn't hinge on which AI leader prevails. Curran argues that Nvidia, the fund's largest holding at 7.14%, benefits from demand for computing infrastructure across the industry, calling it the 'picks and shovels' play for AI. He also highlights Broadcom as another beneficiary and MARA Holdings as a wild card, noting Bitcoin miners' infrastructure could be repurposed for AI. The main risk, he says, is if companies fail to generate returns on their AI investments, prompting investors to flee.
Crypto stocks rally as Bitcoin extends gains on regulation push
Crypto-linked stocks rallied Friday as Bitcoin extended its climb to levels not seen since late May, after President Trump called on lawmakers to pass clear regulatory rules for digital assets. In U.S. premarket trading, Strategy was up 10.2%, Coinbase rose 6.8%, and Circle Internet Group added 6.4%, while MARA Holdings climbed 5.4%, Galaxy Digital rose 5%, Robinhood Markets gained 4.7%, Hut 8 advanced 2.4%, and Riot Platforms rose 3.7%. Bitcoin jumped 8.9% to $78,135.60, briefly touching an intraday high of $79,600.60, breaking out of the roughly $60,000-to-$70,000 range that held for most of 2026. The rally was also supported by a broader lift in risk appetite after the U.S. Treasury Department said it would double its bond buybacks in an effort to contain rising yields, following a sharp bond selloff that drove the 30-year yield to its highest level since 2007. The advance was set in motion earlier this week when Trump, speaking at a White House summit, urged Congress to advance the Clarity Act, closely watched legislation aimed at establishing a regulatory framework for the U.S. crypto industry, though it remains unclear when, or if, the bill will pass.
MARA Holdings Soars 15.54% on Trump's Clarity Act Push
MARA Holdings shares surged 15.54 percent to $11.15 on Thursday as investors reacted to President Donald Trump's renewed push for Congress to speed up passage of the Clarity Act. The proposed federal law would establish a regulatory framework for cryptocurrencies by dividing oversight between the SEC and the CFTC, and its passage is expected to benefit crypto mining and treasury firms including MARA, which held 35,577 Bitcoins as of the first half of the year. Bitcoin climbed back to the $72,000 territory and further to $73,000 following Trump's comments, while Standard Chartered's Geoffrey Kendrick said traders should position for Bitcoin possibly hitting $100,000 by year-end. MARA recently reported a second-quarter net loss attributable to shareholders of $609.7 million, including a $343 million loss related to the fair value of digital assets, meaning any rebound in Bitcoin prices could prove critical to its recovery. The bill remains stalled in the Senate amid political disagreements and opposition from the banking industry, but a procedural vote is expected on September 15, making that date an important potential catalyst for crypto-related stocks.
MARA Holdings Earnings Miss Resets Valuation Narrative
MARA Holdings reported second quarter 2026 results showing lower sales and a swing from profit to loss, triggering a sharp reset in its share price. The stock is down 16.18% over 30 days and 31.86% over 90 days, contributing to a 40.94% decline in one-year total shareholder return, and now trades at US$8.96. The most followed valuation narrative puts MARA's fair value at $18.13, implying the stock is undervalued, based on expectations for strategic expansion into AI infrastructure and partnerships with leading AI and grid management companies. However, a sales-based view is harsher, with the stock trading at a price-to-sales ratio of 4.3x, above the US Software industry at 3.8x and far above a fair ratio estimate of 1.2x, though below a 6.9x peer average. Investors are reassessing growth potential and risk after the earnings swing, with the company still heavily reliant on bitcoin mining and exposed to quieter crypto trading or tougher regulation.
Bitcoin Mining Giant MARA Sold About 250 Billion Yen Worth of BTC in the First Half of 2026
Nasdaq-listed MARA Holdings sold 23,093 BTC for about 1.6 billion dollars in the first half of 2026. In the first quarter, when sales were concentrated, it sold roughly 1.5 billion dollars worth of BTC, using the proceeds to repurchase over 1 billion dollars in face value of convertible notes maturing in 2030 and 2031, and to reduce its credit facility by 200 million dollars. The company had traditionally held mined BTC for the long term, but starting in 2025 it began selling to secure operating funds, and in 2026 it changed its policy to allow selling held BTC as needed. As of the end of June, it held 35,577 BTC, with a reported valuation of approximately 2.1 billion dollars.
Riot, MARA, CleanSpark Drop as Strategy Sells Bitcoin at a Loss
Shares of Riot Platforms, MARA Holdings, and CleanSpark fell sharply after Strategy disclosed it sold 1,690 Bitcoin at a realized loss. Riot Platforms dropped 6% to $19.36, MARA Holdings fell 6% to $9.52, and CleanSpark slid 5% to $11.69 in midday trading. Strategy sold the Bitcoin for $108.6 million at an average of $64,262 per coin, well below its $75,385 average cost basis, and also sold about 6.59 million common shares for $653.1 million to build a USD reserve. The board has authorized up to $1.25 billion in total Bitcoin sales, and prediction markets assign a 39% chance of additional sales before August 17. Bitcoin itself was down 2% to $63,867.58, adding pressure to the mining sector.
MARA and CleanSpark Revenue Falls About 30% — AI Pivot Alone Fails to Sustain Stock Gains
Bitcoin mining giants MARA Holdings and CleanSpark reported quarterly earnings showing revenue fell about 30% year-on-year. MARA's second-quarter revenue was 174.9 million dollars, down 27%, while CleanSpark's revenue was 138 million dollars, down 30.5%, as impairment losses on bitcoin holdings amid falling prices widened net losses. Both companies are accelerating infrastructure investments for AI and high-performance computing, but according to analysis by BlocksBridge Consulting, the average stock price move on the day of AI-related announcements has shrunk from an initial 24.1% to a recent 10.2%, signaling that investors are increasingly focused on monetization feasibility rather than the scale of announcements.
MARA Holdings to report Q2 earnings with focus on debt cuts, Bitcoin price, and Long Ridge deal
MARA Holdings is set to report second-quarter 2026 results after the market closes on August 6, with Wall Street expecting non-GAAP EPS of $0.25 and revenue of $209.62 million. A stronger average Bitcoin price during the quarter is expected to be the biggest driver, while investors will also look for the impact of cost-cutting measures after management reduced its workforce by 15% in the first quarter. The balance sheet will be in focus after MARA used about $1.5 billion from Bitcoin sales to reduce debt, refinanced a $150 million credit facility at a lower rate, and said future growth projects would be funded primarily through Bitcoin monetization rather than equity issuance. Beyond the quarter, investors are closely tracking the expected approval and closing of the 505 MW Long Ridge power plant acquisition, which management expects to contribute immediate operating cash flow and positive EBITDA. The company is also evaluating around 90% of its non-hosted capacity for AI and digital infrastructure through its Starwood Capital joint venture, with management targeting major tenant agreements by year-end.
MARA Appoints Craig Hart and Nancy Novak as Independent Directors
MARA Holdings has appointed Craig Hart and Nancy Novak as independent directors to its board, effective August 1, 2026. The appointments bring expertise in power infrastructure, energy investing, and hyperscale data center development as the company pursues its digital infrastructure strategy. Barbara Humpton and Georges Antoun stepped down from the board on July 31, 2026, as part of a planned transition, leaving the board with seven directors, six of whom are independent. Hart is Senior Portfolio Manager and Global Co-Head of Energy and Power at Avenue Capital Group, while Novak previously served as Chief Innovation Officer of Compass Datacenters.
CleanSpark Trades at a Discount With 54% Upside as Alphabet Tops List of Potential Buyers
CleanSpark shares closed at $14.52 on July 24, 2026, up 43.5% year to date, yet analysts see a 54% upside to a $22.35 mean price target, as the company's 1.8-gigawatt power and data center portfolio trades at a discount to its private-market value. The company controls 585 megawatts of ERCOT-approved capacity, including 300 megawatts newly approved in Brazoria, and reported second-quarter fiscal 2026 revenue of $136.41 million, a 24.9% decline year over year, with a net loss driven largely by a $224.11 million unrealized bitcoin fair-value hit. Alphabet ranks as the cleanest strategic acquirer, with Google Cloud growth accelerating to 82% and capital expenditures up 100% to $44.92 billion, while its power demand outpaces secured supply across Texas and Georgia expansion zones that map directly to CleanSpark's footprint. Amazon is seen as the next-best hyperscaler fit, with AWS growing 28% and capital expenditures hitting $44.20 billion, while Microsoft, Riot Platforms, and MARA Holdings round out the list of plausible buyers, though each faces hurdles ranging from a preference for power purchase agreements to regulatory scrutiny or balance-sheet constraints. A private-equity takeout by sponsors such as Blackstone, KKR, Brookfield, or Stonepeak is also considered credible, given CleanSpark's $1.79 billion in long-term debt against a roughly $3.7 billion market capitalization and a 1.8-gigawatt portfolio that could be marketed as a build-to-suit hyperscaler platform.
Listed Companies Dump Bitcoin to Escape Debt and Pivot to AI
A growing number of listed companies that once held Bitcoin are reducing their positions or selling off all their digital assets to cope with volatility, debt burdens, and shifting business priorities. Satsuma Technology received shareholder approval to sell approximately 668 Bitcoin, worth around 43.5 million US dollars, to return capital to investors and delist from the London Stock Exchange. Bitdeer sold its entire remaining Bitcoin holdings of 943 Bitcoin in February 2026 to pivot toward AI data centers. Sequans Communications sold nearly all its Bitcoin to repay convertible bonds and buy back ADS shares, with no plans to purchase more, refocusing on its semiconductor business. Genius Group sold its entire Bitcoin treasury to repay about 8.5 million US dollars in debt. Prenetics sold 510 Bitcoin for 41.3 million US dollars and issued a policy banning future digital asset purchases. Among major holders that have not fully exited, MARA Holdings sold approximately 15,133 Bitcoin worth around 1.1 billion US dollars to repay convertible bonds. Empery Digital sold nearly half its Bitcoin to buy back shares and repay debt. Strategy sold about 3,620 Bitcoin worth nearly 138 million US dollars and launched a Bitcoin monetization program to bolster reserves and pay preferred stock dividends. Additionally, companies like Nakamoto Inc., Smarter Web Company, Cango, Exodus, and DigitalX are shifting toward more active crypto asset management strategies, selling when necessary for operations, acquisitions, or debt repayment. This reflects that Bitcoin is no longer seen as a forever-hold asset, with liquidity and capital allocation now driving decisions.
MARA Holdings sets August 6 conference call for second quarter 2026 results
MARA Holdings will hold a conference call on Thursday, August 6, 2026 at 5:00 p.m. Eastern Time to discuss its financial results for the quarter ended June 30, 2026. The company plans to publish a shareholder letter with the results on its investor relations website prior to the call. A live webcast and replay will be available on the same site, and registration for the call is open via a provided link.
Bessent says Clarity Act at '1-yard line', crypto stocks surge
Treasury Secretary Scott Bessent said the Clarity Act is at the '1-yard line', urging Congress to pass the landmark bill before recess, which sent bitcoin and other cryptocurrencies higher on Tuesday. Bitcoin rose 2.08% to $66,559, Ethereum added 1.00% to $1,922, and Dogecoin gained 1.62% to $0.073. Crypto stocks surged, with Cipher Digital up 18.01% to $24.24, Coinbase Global up 11.70% to $179.20, Riot Platforms up 8.64% to $21.62, Robinhood Markets up 8.58% to $107.80, MARA Holdings up 8.10% to $12.62, Circle Internet Group up 7.90% to $70.62, Hut 8 up 7.81% to $108.81, CleanSpark up 7.66% to $15.53, Bullish up 6.83% to $24.24, Figure Technology Solutions up 6.31% to $32.34, Bakkt up 5.22% to $8.26, IREN up 4.71% to $42.10, Gemini Space Station up 4.33% to $4.70, and Strategy up 3.67% to $101.41.
Mara Holdings Stock Surges Over 9% as Crypto Miners Rally on AI Data Center Deals
Mara Holdings shares jumped more than 9% on Monday, lifted by a broader rally among cryptocurrency miners that are pivoting into AI data center operations. The surge was fueled by two multi-billion-dollar deals announced by peers Iren and Hut 8. Iren signed multi-year contracts with top AI developers and raised its annual AI cloud run rate revenue guidance from $3.7 billion to over $4 billion. Hut 8 secured a second lease at its Beacon Point data center complex in Texas, a 15-year contract worth $9.8 billion. Although Mara Holdings was not directly involved in either deal, investors bid up the stock on optimism that its similar pivot into AI data centers could drive significant growth.
MARA jumps 10% on Texas land deal, Costco falls on slowing sales
MARA Holdings shares jumped 10% after the company entered into a deal with synthetic renewable energy firm HIF USA to acquire land in Matagorda County, Texas. Costco Wholesale shares tumbled 4.2% after reporting decelerating June comparable sales growth. The Simply Good Foods rose 1.3% after posting third-quarter fiscal 2026 adjusted earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.35. Levi Strauss fell 2.2% following disappointing earnings per share guidance for fiscal 2026.
Mara Holdings stock spikes on $600 million AI data center land purchase
Mara Holdings shares surged after the company announced a deal to buy powered land from HIF USA for up to $600 million. The more than 1,200-acre site in Texas is projected to provide up to 2 gigawatts of grid capacity by April 2028, more than doubling Mara's total power capacity to about 4.8 gigawatts. Mara plans to build a digital infrastructure campus with Starwood Digital Ventures for AI and high-performance computing, including Bitcoin mining, with construction starting this year pending regulatory approval. The shift toward AI data centers is seen as potentially far more lucrative than its prior Bitcoin mining focus.
Micron, Mara Holdings lead midday movers; Paramount Skydance, PepsiCo fall
Micron Technology rose more than 7% after announcing a $3 billion investment to strengthen the U.S. semiconductor supply-chain ecosystem. Mara Holdings surged 15% as the bitcoin miner said it will acquire over 1,200 acres in Texas, a move that will more than double its power capacity to about 4.8 gigawatts across its portfolio. Paramount Skydance fell 6% on a Reuters report that several U.S. states plan to file an antitrust lawsuit over its acquisition of Warner Bros. Discovery. Qiagen jumped 10% after Bloomberg reported that firms including EQT, AllianceBernstein, and KKR are interested in a takeover, with some suggesting an offer of at least $50 a share. PepsiCo slipped 3% after posting mixed second-quarter results, with adjusted earnings of $2.20 per share missing the $2.21 consensus estimate, while revenue of $24.18 billion beat expectations.
Bitdeer Breaks Ground on First Domestic Manufacturing Base in Nevada — Shares Surge 14%
Bitdeer Technologies Group announced on July 9 that it has begun construction of an advanced electronics manufacturing facility in Sparks, Nevada. The 36 million dollar project, spanning 187,000 square feet, will be the company's first manufacturing and assembly base in the United States. It plans to produce 10,000 units per month of its proprietary SEALMINER series Bitcoin mining machines, with completion expected by the end of 2026. Following the announcement, the company's stock surged 14.1 percent to 14.33 dollars in trading on the 9th. Meanwhile, diversification into AI and HPC is accelerating among publicly traded mining firms. On the same day, MARA Holdings announced a land acquisition in Texas, and TeraWulf disclosed a 20-year data center lease agreement with AI company Anthropic.
Jones Trading Initiates FTAI Infrastructure with Buy Rating and $8.75 Target
Jones Trading initiated coverage on FTAI Infrastructure with a Buy rating and a price target of $8.75, representing a potential upside of 97.07% from current levels. The firm noted the company is working to monetize its Jefferson and Repauno assets, with proceeds likely redirected to its rail segment, and highlighted that shares trade at a significant discount to peers. Management disclosed an agreement to sell Long Ridge to MARA Holdings in a deal valued at $1.52 billion, expected to close in the third quarter, which will bolster cash flow and debt capacity for rail investments.
TAE Power Solutions Ships First Hybrid Energy Storage Prototype System to MARA
TAE Power Solutions has shipped its first hybrid energy storage prototype system to MARA Holdings, marking the initial field deployment of the architecture under their strategic collaboration. The prototype will be installed at a MARA site for validation, tuning, and operational testing, advancing development of grid-responsive load management for power-intensive digital infrastructure. The hybrid system combines battery storage, ultracapacitors, advanced power electronics, and intelligent controls to handle sustained energy needs and fast-response power events, aiming to extend battery life by routing high-stress cycles through ultracapacitors. MARA plans to use the prototype as a development platform ahead of additional production deployments later this year, supporting the companies' focus on managing load variability and grid efficiency.
Strategy turned $1,000 into $6,323 over 10 years while MARA lost 64%
A $1,000 investment in Strategy a decade ago grew to $6,323, while the same bet in MARA Holdings shrank to just $360, according to split- and dividend-adjusted data through June 22, 2026. Strategy, formerly MicroStrategy, held 818,334 Bitcoin as of May 3, 2026, and benefited from a profitable software unit with subscription revenue up 59% year on year, though its stock fell 70.4% in the past year as Bitcoin slipped to roughly $62,115. MARA, one of the largest public Bitcoin miners with 72.2 EH/s of energized hash rate, posted a $1.30 billion first-quarter 2026 net loss and saw its 10-year return deeply negative, weighed down by share dilution and energy costs. Both equities dramatically underperformed Bitcoin itself, which returned 9,494% over the same period, while the S&P 500 delivered a 266% gain to $3,663 with far less volatility.
MARA Holdings pivots from Bitcoin mining to AI infrastructure power
MARA Holdings is shifting from pure-play Bitcoin mining to providing power infrastructure for AI data centers, a move underscored by its recent acquisition of the Long Ridge Energy & Power facility from FTAI Infrastructure Inc. The 505-megawatt combined-cycle gas plant sits on 1,600 acres with expansion potential beyond 1 gigawatt, and MARA plans to use it to supply reliable, low-cost energy to high-performance computing customers. The company already controls 1.9 gigawatts of power infrastructure and boasts sector-leading energy costs of $0.04 per kilowatt hour at owned sites. Since the trade date referenced in a related portfolio analysis, MARA’s stock has returned 54 percent.