NASDAQ$MARA
Marathon Digital Holdings Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Marathon Digital reported a record fourth quarter, surpassing fiscal year 2022 production and demonstrating significant revenue growth.
Marathon Digital Holdings reported a record fourth quarter with a 452% increase in revenue to $156.8 million and net income of $151.8 million. The company produced 4,242 bitcoin during the quarter and saw substantial improvement in adjusted EBITDA.
- Revenue increased by 452% year-over-year to $156.8 million.
- Net income improved to $151.8 million, or $0.66 per diluted share.
- Bitcoin production reached 4,242 in the fourth quarter.
- Adjusted EBITDA improved to $260.4 million.
Headline financials
Revenue & EPS history
Marathon Digital · Revenue · Quarterly
$157M
Forward guidance
Marathon plans to grow its hash rate to approximately 35 to 37 exahash by 2024 and 50 exahash by the end of 2025.
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 Q4 2023
-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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