Marathon Digital Holdings, Inc. (MARA) closed the most recent trading day at $19.51, moving 2.3% from the previous trading session.
Zacks.com users have recently been watching Marathon Digital (MARA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The market undervalues MARA's mining business, which I estimate is worth 7–10x more than the current $1.09B premium over its Bitcoin holdings, implying 2–3x upside for the stock. Today, I ask myself: what is the market seeing in MARA to assign it such a depressed valuation? Should Bitcoin bulls consider entering MARA? I think so. The answers to my question include ongoing shareholder dilution, lack of profitability, and Bitcoin's relative immaturity, making the company suitable only for dedicated Bitcoin bulls.
In the most recent trading session, Marathon Digital Holdings, Inc. (MARA) closed at $18.76, indicating a -2.34% shift from the previous trading day.
Marathon Digital Holdings, Inc. (MARA) concluded the recent trading session at $16.75, signifying a -5.15% move from its prior day's close.
Recently, Zacks.com users have been paying close attention to Marathon Digital (MARA). This makes it worthwhile to examine what the stock has in store.
We initiate coverage on MARA Holdings with a Strong Buy and $44 price target, citing unmatched operational leverage to Bitcoin's next cycle and cost leadership. Our thesis is built on above-consensus revenue forecasts, driven by a 60 EH/s hash-rate ramp, low $0.04/kWh energy costs, and robust treasury BTC optionality. Valuation is compelling: MARA trades at a deep discount to historical and peer multiples, with 180% upside justified by macro tailwinds and post-halving expansion.
Marathon Digital Holdings, Inc. (MARA) closed at $15.27 in the latest trading session, marking a +1.94% move from the prior day.
Marathon Digital Holdings, Inc. (MARA) concluded the recent trading session at $14.32, signifying a -1.17% move from its prior day's close.
The increasing acceptance of Bitcoin as a store of value benefits MSTR and MARA. Find out which stock is leading now.
In the latest trading session, Marathon Digital Holdings, Inc. (MARA) closed at $15.04, marking a -4.93% move from the previous day.
MARA's market cap is nearly matched by its $5.42 billion Bitcoin holdings, meaning investors value the mining business at a discount. MARA's mining operation, adds more value annually in Bitcoin to the balance sheet than what the market appears to be valuing it. Investors can capture upside through new BTC mined monthly, valuation expansion in the mining business, or a BTC rally boosting existing BTC holdings.