Marathon Digital Holdings Files Q1 2024 10-Q
Ticker: MARA · Form: 10-Q · Filed: 2024-05-09T00:00:00.000Z
Sentiment: neutral
Topics: bitcoin-mining, earnings, 10-q
Related Tickers: MARA
TL;DR
MARATHON DIGITAL HOLDINGS (MARA) FILED Q1 10-Q. BITCOIN MINING OPERATIONS DETAILED.
AI Summary
Marathon Digital Holdings, Inc. filed its 10-Q for the period ending March 31, 2024. The company, previously known as Marathon Patent Group, Inc., is involved in Bitcoin mining. The filing details financial information for the first quarter of 2024, including data related to its common stock, additional paid-in capital, and retained earnings.
Why It Matters
This filing provides investors with the latest financial performance and operational details of Marathon Digital Holdings, a significant player in the Bitcoin mining industry.
Risk Assessment
Risk Level: medium — The company operates in the volatile cryptocurrency market, which is subject to significant price fluctuations and regulatory changes.
Key Numbers
- 0.0131277 — Shares (Likely a per-share metric, context unclear without full filing)
Key Players & Entities
- MARATHON DIGITAL HOLDINGS, INC. (company) — Filer
- Marathon Patent Group, Inc. (company) — Former company name
- 20240331 (date) — Reporting period end date
- 20240509 (date) — Filing date
FAQ
What were Marathon Digital Holdings' total revenues for the first quarter of 2024?
The provided text does not contain specific revenue figures for Q1 2024.
How much Bitcoin did Marathon Digital Holdings mine in Q1 2024?
The filing text does not specify the amount of Bitcoin mined during the first quarter of 2024.
What is the company's current cash and cash equivalents balance as of March 31, 2024?
Specific figures for cash and cash equivalents are not present in the provided excerpt.
Did Marathon Digital Holdings announce any new strategic partnerships or acquisitions in this filing?
The provided text does not mention any new strategic partnerships or acquisitions.
What are the company's forward-looking statements regarding its Bitcoin mining operations for the remainder of 2024?
The excerpt does not include forward-looking statements or operational guidance for the rest of 2024.
From the Filing
0001628280-24-022243.txt : 20240509 0001628280-24-022243.hdr.sgml : 20240509 20240509161702 ACCESSION NUMBER: 0001628280-24-022243 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 88 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARATHON DIGITAL HOLDINGS, INC. CENTRAL INDEX KEY: 0001507605 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] ORGANIZATION NAME: 06 Technology IRS NUMBER: 010949984 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36555 FILM NUMBER: 24930936 BUSINESS ADDRESS: STREET 1: 1180 N. TOWN CENTER DRIVE STREET 2: SUITE 100 CITY: LAS VEGAS STATE: NV ZIP: 89144 BUSINESS PHONE: (800) 804-1690 MAIL ADDRESS: STREET 1: 1180 N. TOWN CENTER DRIVE STREET 2: SUITE 100 CITY: LAS VEGAS STATE: NV ZIP: 89144 FORMER COMPANY: FORMER CONFORMED NAME: Marathon Patent Group, Inc. DATE OF NAME CHANGE: 20130222 FORMER COMPANY: FORMER CONFORMED NAME: American Strategic Minerals Corp DATE OF NAME CHANGE: 20111213 FORMER COMPANY: FORMER CONFORMED NAME: VERVE VENTURES INC DATE OF NAME CHANGE: 20101210 10-Q 1 mara-20240331.htm 10-Q mara-20240331 0001507605 2024 false Q1 12/31 http://marathondh.com/20240331#AccountingStandardsUpdate202308Member 0.0131277 xbrli:shares iso4217:USD iso4217:USD xbrli:shares mara:derivativeInstrument mara:investment xbrli:pure mara:miner_rig mara:bitcoin_mining_site mara:Megawatt mara:bitcoin mara:operatingLease mara:derivative_complaint 0001507605 2024-01-01 2024-03-31 0001507605 2024-05-03 0001507605 2024-03-31 0001507605 2023-12-31 0001507605 2023-01-01 2023-03-31 0001507605 us-gaap:CommonStockMember 2023-12-31 0001507605 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001507605 us-gaap:RetainedEarningsMember 2023-12-31 0001507605 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001507605 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001507605 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001507605 us-gaap:CommonStockMember 2024-03-31 0001507605 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001507605 us-gaap:RetainedEarningsMember 2024-03-31 0001507605 us-gaap:CommonStockMember 2022-12-31 0001507605 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001507605 us-gaap:RetainedEarningsMember 2022-12-31 0001507605 2022-12-31 0001507605 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001507605 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001507605 2022-01-01 2022-12-31 0001507605 us-gaap:RetainedEarningsMember srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2022-12-31 0001507605 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2022-12-31 0001507605 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001507605 us-gaap:CommonStockMember 2023-03-31 0001507605 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001507605 us-gaap:RetainedEarningsMember 2023-03-31 0001507605 2023-03-31 0001507605 us-gaap:FairValueInputsLevel2Member 2024-03-31 0001507605 us-gaap:PreferredStockMember mara:AuradineIncMember 2024-01-10 2024-01-10 0001507605 us-gaap:PreferredStockMember mara:AuradineIncMember 2024-01-10 0001507605 mara:SAFEInvestmentMember 2023-12-31 0001507605 mara:SAFEInvestmentMember 2024-03-31 0001507605 mara:AuradineIncMember 2023-09-01 2023-09-30 0001507605 us-gaap:PreferredStockMember mara:AuradineIncMember 2022-09-27 2022-09-27 0001507605 us-gaap:PreferredStockMember mara:AuradineIncMember 2022-09-27 0001507605 us-gaap:PreferredStockMember mara:SAFEInvestmentMember 2022-05-03 0001507605 us-gaap:PreferredStockMember mara:AuradineIncMember 2022-05-03 0001507605 us-gaap:PreferredStockMember mara:AuradineIncMember 2022-05-03 2022-05-03 0001507605 mara:ADGMEntityMember 2023-01-27 0001507605 mara:ADGMEntityMember 2024-01-01 2024-03-31 0001507605 mara:ADGMEntityMember 2024-03-31 0001507605 mara:GCDataCenterEquityHoldingsLLCMember 2024-01-12 0001507605 mara:GCDat