Marathon Digital Holdings Files Q2 2024 10-Q
Ticker: MARA · Form: 10-Q · Filed: 2024-08-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, digital-assets, financials
TL;DR
MARA Q2 10-Q is in. Check financials for latest crypto mining ops.
AI Summary
Marathon Digital Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The company, primarily involved in digital asset operations, reported its financial performance and operational updates. Key financial figures and operational metrics for the second quarter of 2024 are detailed within the filing.
Why It Matters
This filing provides investors and analysts with the latest financial health and operational performance of Marathon Digital Holdings, a significant player in the digital asset mining space.
Risk Assessment
Risk Level: medium — The company operates in the volatile cryptocurrency market, which inherently carries significant risks.
Key Players & Entities
- MARATHON DIGITAL HOLDINGS, INC. (company) — Filer
- 20240630 (date) — Period of Report
- 20240801 (date) — Filed as of Date
- 0001507605 (company) — Central Index Key
- NV (location) — State of Incorporation
- 1231 (date) — Fiscal Year End
- 1934 Act (legal_act) — SEC Act
- 001-36555 (identifier) — SEC File Number
- 241167468 (identifier) — Film Number
- 1180 N. TOWN CENTER DRIVE (address) — Business Address Street 1
FAQ
What was Marathon Digital Holdings' fiscal year end?
Marathon Digital Holdings' fiscal year end is December 31st.
In which state was Marathon Digital Holdings incorporated?
Marathon Digital Holdings was incorporated in Nevada (NV).
What is the SEC file number for Marathon Digital Holdings?
The SEC file number for Marathon Digital Holdings is 001-36555.
What is the business address of Marathon Digital Holdings?
The business address is 1180 N. TOWN CENTER DRIVE, SUITE 100, LAS VEGAS, NV 89144.
What was the period of report for this 10-Q filing?
The period of report for this 10-Q filing was June 30, 2024.
From the Filing
0001628280-24-034196.txt : 20240801 0001628280-24-034196.hdr.sgml : 20240801 20240801164523 ACCESSION NUMBER: 0001628280-24-034196 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 92 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240801 DATE AS OF CHANGE: 20240801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARATHON DIGITAL HOLDINGS, INC. CENTRAL INDEX KEY: 0001507605 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets 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: 241167468 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-20240630.htm 10-Q mara-20240630 0001507605 2024 false Q2 12/31 http://fasb.org/us-gaap/2024#AccountingStandardsUpdate202308Member 365 365 455 196 xbrli:shares iso4217:USD iso4217:USD xbrli:shares mara:derivativeInstrument mara:investment xbrli:pure mara:segement mara:Megawatt mara:bitcoin_mining_site mara:bitcoin mara:operatingLease mara:derivative_complaint 0001507605 2024-01-01 2024-06-30 0001507605 2024-07-25 0001507605 2024-06-30 0001507605 2023-12-31 0001507605 2024-04-01 2024-06-30 0001507605 2023-04-01 2023-06-30 0001507605 2023-01-01 2023-06-30 0001507605 us-gaap:CommonStockMember 2024-03-31 0001507605 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001507605 us-gaap:RetainedEarningsMember 2024-03-31 0001507605 2024-03-31 0001507605 us-gaap:CommonStockMember 2024-04-01 2024-06-30 0001507605 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0001507605 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0001507605 us-gaap:CommonStockMember 2024-06-30 0001507605 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001507605 us-gaap:RetainedEarningsMember 2024-06-30 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 2024-06-30 0001507605 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-06-30 0001507605 us-gaap:RetainedEarningsMember 2024-01-01 2024-06-30 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:CommonStockMember 2023-04-01 2023-06-30 0001507605 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001507605 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0001507605 us-gaap:CommonStockMember 2023-06-30 0001507605 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001507605 us-gaap:RetainedEarningsMember 2023-06-30 0001507605 2023-06-30 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 2023-06-30 0001507605 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-06-30 0001507605 2022-01-01 2022-12-31 0001507605 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:RetainedEarningsMember 2022-12-31 0001507605 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2022-12-31 0001507605 us-gaap:RetainedEarningsMember 2023-01-01 2023-06-30 0001507605 mara:SAFEInvestmentMember 2024-06-30 0001507605 mara:SAFEInvestmentMember 2023-12-31 0001507605 mara:AuradineIncMember us-gaap:PreferredStockMember 2024-01-10 2024-01-10 0001507605 mar