Analyzing Marathon Digital Stock Performance

Bitcoin’s price has come down from all-time highs hit on November 10, 2021, and many of the publicly-traded bitcoin mining stocks saw their prices drop along with it. Marathon Digital Holdings (MARA) was no exception to this rule.

Corporate Growth

Its last two earnings reports were not its strongest showing, but Marathon did have a strong year in 2021 overall. On January 3, 2022, Marathon released its 2021 full year and December updates, including these notable highlights:

  • Accrued 3,197 self-mined bitcoin in fiscal year 2021 (846% increase year-over-year)
  • Increased total bitcoin holdings to approximately 8,133 BTC
  • Reached total cash on hand of approximately $268.5 million
  • Added 72,495 ASIC miners in 2021 (current mining fleet consists of 32,350 active miners producing approximately 3.5 exahashes per second [EH/s]) 


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