Exchange Traded Concepts LLC Acquires 494,161 Shares of Marathon Digital Holdings, Inc. $MARA

Exchange Traded Concepts LLC grew its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 47.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,539,210 shares of the business services provider’s stock after purchasing an additional 494,161 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Marathon Digital were worth $13,822,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MARA. Hollencrest Capital Management boosted its stake in shares of Marathon Digital by 2,407.4% during the third quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,300 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Marathon Digital by 56.8% during the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock worth $33,000 after buying an additional 659 shares during the period. Estabrook Capital Management bought a new stake in Marathon Digital during the 2nd quarter valued at $31,000. Salomon & Ludwin LLC bought a new stake in Marathon Digital during the third quarter valued at about $47,000. Finally, Danske Bank A S bought a new stake in shares of Marathon Digital in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Marathon Digital Price Performance

Shares of NASDAQ MARA opened at $8.02 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of -2.03 and a beta of 5.51. The firm’s 50 day simple moving average is $8.78 and its 200-day simple moving average is $12.51. Marathon Digital Holdings, Inc. has a 12 month low of $6.66 and a 12 month high of $23.45.

Marathon Digital (NASDAQ:MARA) last posted its earnings results on Thursday, February 26th. The business services provider reported ($4.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($4.29). Marathon Digital had a negative net margin of 144.58% and a negative return on equity of 19.01%. The firm had revenue of $202.31 million during the quarter, compared to analyst estimates of $250.74 million. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts expect that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Marathon Digital News Summary

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: Repurchase of convertible notes (~$1.0B cash outlay) reduces outstanding convertible debt, lowers dilution risk and strengthens the balance sheet — a clear de-risking move for creditors and equity holders. MARA Holdings, Inc. Announces $1.0 Billion Repurchase of 0.00% Convertible Senior Notes due 2030 and 2031 and Sale of 15,133 Bitcoin
• Positive Sentiment: Sale of 15,133 BTC for ~$1.1B immediately improves liquidity and funded the note repurchases, which helped spark a stock uptick even as Bitcoin fell — investors rewarded the clearer capital structure. This Bitcoin Miner Just Sold $1.1 Billion Worth of Bitcoin. Why the Stock Is Rising.
• Neutral Sentiment: Management says some proceeds will fund a shift into AI/compute infrastructure — this could diversify revenue longer term but is unproven and will require execution and capex. Why the industry’s biggest miner just sold $1bn Bitcoin to chase AI
• Neutral Sentiment: The stock has been a trending, high‑beta name — heightened retail and analyst attention can amplify intraday moves and volatility independent of fundamentals. Here is What to Know Beyond Why Marathon Digital Holdings, Inc. (MARA) is a Trending Stock
• Negative Sentiment: The sale signals a retreat from MARA’s previous HODL-heavy strategy; crypto-focused investors who wanted BTC treasury upside may view the move negatively and punish the pure-miner narrative. MARA Holdings Sells Over $1B BTC, Buys Back Outstanding Debt
• Negative Sentiment: Reducing large BTC holdings lowers upside participation if Bitcoin rallies and is being interpreted by some analysts as evidence the standalone mining model faces margin/strategic pressure. Why the industry’s biggest miner just sold $1bn Bitcoin to chase AI

Analyst Ratings Changes

MARA has been the topic of several research analyst reports. Morgan Stanley initiated coverage on Marathon Digital in a research note on Monday, February 9th. They set an “underweight” rating and a $8.00 target price on the stock. HC Wainwright reiterated a “neutral” rating on shares of Marathon Digital in a research note on Friday, February 27th. Cantor Fitzgerald reduced their price objective on Marathon Digital from $21.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Weiss Ratings lowered Marathon Digital from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Finally, Piper Sandler reduced their price target on shares of Marathon Digital from $26.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Marathon Digital presently has a consensus rating of “Hold” and an average target price of $20.00.

Insider Transactions at Marathon Digital

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $9.18, for a total transaction of $252,495.90. Following the sale, the chief executive officer directly owned 4,788,954 shares of the company’s stock, valued at $43,962,597.72. This represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,000 shares of Marathon Digital stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $9.18, for a total value of $146,880.00. Following the completion of the transaction, the chief financial officer owned 343,165 shares of the company’s stock, valued at approximately $3,150,254.70. This represents a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 114,515 shares of company stock valued at $1,029,678. Insiders own 0.80% of the company’s stock.

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.