NASDAQ$MARA
Marathon Digital Holdings Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Marathon Digital reported a net loss of $125 million and revenue increased by 35% to $132 million. The company focused on expanding its owned and operated sites and diversifying geographically.
Marathon Digital reported a net loss of $125 million, or $0.42 loss per diluted share, in Q3 2024, compared to a net loss of $390 thousand in the same quarter last year. Revenue increased 35% to $132 million from $98 million in Q3 2023, driven by a higher average price of BTC. The company's BTC holdings increased by 45% to 26,747 BTC, and it secured a $200 million line of credit collateralized by BTC holdings.
- Net loss was $125 million, or $0.42 loss per diluted share, compared to a net loss of $390 thousand in the third quarter of last year.
- Revenue increased 35% to $132 million from $98 million in the third quarter of 2023.
- BTC holdings increased by 45% to 26,747 BTC.
- Secured a $200 million line of credit, collateralized by a portion of BTC holdings.
Headline financials
Revenue & EPS history
Marathon Digital · Revenue · Quarterly
$132M
Forward guidance
Marathon Digital aims to achieve 50 EH/s by mid- to late December and plans to expand across U.S. and international markets, selectively pursuing M&A opportunities and utilizing zero-cost energy to reduce dependency on hash cost and price volatility.
Tailwinds
- 50 exahash goal for this year is firmly in sight and we expect to get there by mid- to late December.
- Anticipate continued expansion across U.S. and international markets.
- Have set ambitious goals to expand our portfolio of owned and operated sites.
- Selectively pursuing M&A opportunities to further enhance our capacity.
- Strategy to utilize zero-cost energy will reduce dependency on hash cost and price volatility, enabling scalable and sustainable growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-1.2%
Avg return
Earnings day
+5.3%
Avg return
5 days after
+1.8%
Avg return
30 days after
44%
24 / 55 earnings
Positive
+21.6%
Q3 2015
Best reaction
-17.2%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | -4.0% | -3.4% | |
| Q4 2025 | -8.3% | +9.9% | -5.1% | |
| Q3 2025 | +4.2% | -6.3% | -29.4% | |
| Q1 2025 | +10.6% | +11.1% | +10.4% | |
| Q4 2024 | +5.5% | +12.2% | +0.2% | |
| Q3 2024 | -13.2% | -15.8% | -9.7% | |
| Q2 2024 | -12.6% | -12.3% | -15.1% | |
| Q1 2024 | -14.6% | -10.1% | -4.1% | |
| Q4 2023 | -14.5% | -15.2% | -25.5% | |
| Q3 2023 | +0.5% | +0.0% | +82.8% | |
| Q2 2023 | +2.9% | -1.3% | -18.0% | |
| Q1 2023 | -6.9% | +1.7% | +0.0% | |
| Q4 2022 | +15.2% | +25.1% | +68.8% | |
| Q3 2022 | -8.5% | -7.0% | -48.7% | |
| Q2 2022 | -0.4% | +28.7% | -17.6% | |
| Q1 2022 | -5.2% | -28.0% | -47.6% | |
| Q4 2021 | +6.0% | -10.0% | +10.3% | |
| Q3 2021 | -7.1% | -27.2% | -46.9% | |
| Q2 2021 | -2.4% | -9.0% | +5.6% | |
| Q1 2021 | -17.2% | -26.3% | -16.6% | |
| Q4 2020 | +0.2% | -0.1% | -2.2% | |
| Q3 2020 | +2.6% | +33.0% | +103.9% | |
| Q2 2020 | +4.8% | -11.5% | -49.3% | |
| Q1 2020 | +8.1% | +9.5% | +25.7% | |
| Q4 2019 | +0.0% | -3.8% | -19.2% | |
| Q3 2019 | -5.3% | -14.3% | -17.3% | |
| Q2 2019 | +0.5% | -2.4% | -20.1% | |
| Q1 2019 | +19.0% | +13.4% | -24.3% | |
| Q4 2018 | -12.3% | -8.8% | +36.0% | |
| Q3 2018 | -5.7% | -4.3% | -35.7% | |
| Q2 2018 | -7.3% | -7.3% | -10.4% | |
| Q1 2018 | -8.2% | -11.6% | -21.8% | |
| Q4 2017 | -3.3% | -4.7% | -6.7% | |
| Q3 2017 | +2.2% | +328.1% | +310.1% | |
| Q2 2017 | +4.0% | +24.0% | +44.0% | |
| Q1 2017 | -8.1% | -27.0% | -51.4% | |
| Q4 2016 | +5.2% | -5.2% | -44.3% | |
| Q3 2016 | +1.7% | -15.2% | -33.9% | |
| Q2 2016 | -0.3% | -3.3% | -4.9% | |
| Q1 2016 | +14.1% | — | — | |
| Q4 2015 | -2.9% | — | — | |
| Q3 2015 | +21.6% | — | — | |
| Q2 2015 | -13.7% | — | — | |
| Q1 2015 | +7.9% | — | — | |
| Q4 2014 | -4.1% | — | — | |
| Q3 2014 | +3.6% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q2 2014 | -6.9% | — | — | |
| Q3 2013 | +0.9% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | -2.2% | — | — | |
| Q4 2012 | -12.5% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | -1.9% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q2 2010 | — | — | — |
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