Investors are pricing crypto miners as AI data center developers, and the gap between the miners and the coin they produce is on full display. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock is at $16.

Marathon Digital's business model is fundamentally tied to Bitcoin price volatility, with non-interest income comprising over 94% of revenue and net interest income negligible.
Price trend, volume and key moving averages
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 6, 2026 | -$1.60-1060.4% vs $0.17 | $175M-16.5% vs $209M |
Q2 2026 May 11, 2026 | -$0.61-32.6% vs -$0.46 | $175M-4.0% vs $182M |
Q1 2026 Feb 26, 2026 | -$0.46-100.0% vs -$0.23 | $202M-19.8% vs $252M |
Q4 2025 Nov 4, 2025 | $0.27+992.2% vs $0.02 | $252M+0.3% vs $252M |
Investors are pricing crypto miners as AI data center developers, and the gap between the miners and the coin they produce is on full display. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock is at $16.

Wall Street firms and other large investors added bitcoin exposure in the second quarter even as bitcoin's 14% price drop sent smaller investors to the exits, according to CoinShares' Bitcoin 13F Q2 2026 report. Key Takeaways: Hedge funds cut bitcoin ETF exposure 22%, leaving them with less than half their 2025 year-end holdings.
Transaction will add a 505 MW nameplate power plant and more than 1,600 contiguous acres supporting a premier digital infrastructure campus MIAMI, FL, Nov. 05, 2026 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA”), a global, energy-backed digital infrastructure enterprise, today announced that the Federal Energy Regulatory Commission (“FERC”) has approved MARA's previously announced acquisition of Long Ridge Energy & Power LLC (“Long Ridge Energy”) from FTAI Infrastructure Inc. In its order, FERC determined that the transaction is consistent with the public interest. The authorization satisfies a key regulatory condition for closing the transaction, which is expected to occur in the coming weeks.
In the most recent trading session, Marathon Digital Holdings, Inc. (MARA) closed at $6.88, indicating a -3.98% shift from the previous trading day.
Benchmark MARA against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Marathon Digital Holdings, Inc. (MARA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.35 | $2.42B | -0.70 | 33.47% | -453.74% | -108.46% | — | |
| $16.71 | $6.32B | -4.41 | 66.36% | -215.82% | -59.47% | — | |
| $6.16 | $1.58B | -1.66 | 102.21% | -146.9% | -75.24% | 0.55% | |
| $6.55 | $2.68B | -2.66 | 25.29% | — | -155.51% | — | |
| $21.64 | $7.72B | -6.39 | 32.2% | -236.17% | -37.31% | — | |
| $52.65 | $5.93B | -16.31 | 54.64% | -427.29% | -24.5% | — |
Marathon Digital Holdings, Inc. (MARA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Marathon Digital Holdings, Inc. (MARA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Aug 4, 2026·SEC
Jul 9, 2026·SEC
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Marathon Digital Holdings, Inc. (MARA) stock FAQ — growth, dividends, profitability & financials explained
Marathon Digital Holdings, Inc. (MARA) revenue fell by 0.5% over the trailing twelve months, compared with the twelve months before.
No. Marathon Digital Holdings, Inc. (MARA) reported a net loss of $3.46B over the trailing twelve months.
Marathon Digital Holdings, Inc. (MARA) had a return on equity (ROE) of -108.5% over the trailing twelve months. A negative ROE means the company lost money over the period.
Marathon Digital Holdings, Inc. (MARA) has a net interest margin (NIM) of 0.1%. NIM has been under pressure due to interest rate environment.
Marathon Digital Holdings, Inc. (MARA) has an efficiency ratio of 45.3%. This is excellent, indicating strong cost control.