Marathon Digital (NASDAQ:MARA) Stock Price Down 7.8% – Here’s What Happened

20 Aug 2026, 18:01 by Tristan Rich · The Markets Daily

Marathon Digital Holdings, Inc. (NASDAQ:MARA – Get Free Report) shares were down 7.8% on Tuesday . The company traded as low as $8.91 and last traded at $8.96. Approximately 45,036,097 shares traded hands during trading, a decline of 1% from the average session volume of 45,553,887 shares. The stock had previously closed at $9.72.

Key Marathon Digital News

Here are the key news stories impacting Marathon Digital this week:

Positive Sentiment: Bitcoin and blockchain stocks rallied in premarket trading after President Donald Trump urged Congress to advance the Clarity Act, which could establish clearer rules for digital assets. Greater regulatory certainty may support Marathon’s Bitcoin-mining business and improve investor sentiment toward crypto equities. Bitcoin, crypto shares climb after Trump pushes Clarity Act
Positive Sentiment: Bitcoin’s ongoing rally is providing a favorable backdrop for miners such as Marathon, whose revenue and asset values are closely tied to cryptocurrency prices. 5 Things to Know Before the Stock Market Opens on Thursday
Neutral Sentiment: Marathon’s expansion into artificial intelligence and power infrastructure could diversify its business beyond Bitcoin mining, but investors are questioning execution risks, capital requirements and whether the shares already reflect the opportunity. MARA Holdings Stock Still Looks Expensive As AI Lease Plans Grow
Negative Sentiment: CEO Frederick Thiel sold 27,505 shares and CFO Salman Hassan Khan sold 16,000 shares at approximately $9.21 per share. Both sales were conducted under pre-arranged Rule 10b5-1 plans, and the executives retained substantial holdings, limiting the significance but potentially weighing on sentiment. SEC Insider Transaction Filing
Negative Sentiment: Marathon’s latest quarter showed a $1.60 per-share loss and revenue of $174.88 million, well below the $0.17-per-share profit and $209.44 million revenue expected by analysts. Revenue declined 26.7% year over year, reinforcing concerns about profitability and valuation. MARA Holdings Earnings Miss Puts Its Valuation Narrative Back In Focus
Negative Sentiment: Rising Treasury yields continue to pressure capital-intensive Bitcoin miners by increasing financing costs and reducing the attractiveness of investments in mining capacity, power assets and AI infrastructure. MARA Holdings Falls as Rates Outweigh Bitcoin Treasury

Wall Street Analyst Weigh In

MARA has been the topic of several recent analyst reports. Piper Sandler lowered their price objective on shares of Marathon Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Marathon Digital in a research note on Friday, August 7th. Morgan Stanley lifted their price target on Marathon Digital from $5.50 to $6.00 and gave the stock an “underweight” rating in a report on Thursday, August 13th. BTIG Research reissued a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a research report on Monday, June 1st. Finally, Cantor Fitzgerald dropped their price objective on Marathon Digital from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.78.

Check Out Our Latest Research Report on Marathon Digital

Marathon Digital Stock Performance

The stock has a market capitalization of $4.16 billion, a P/E ratio of -1.18 and a beta of 5.40. The stock’s 50-day simple moving average is $12.15 and its 200 day simple moving average is $10.98. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89.

Marathon Digital (NASDAQ:MARA – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported ($1.60) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($1.77). The company had revenue of $174.88 million during the quarter, compared to the consensus estimate of $209.44 million. Marathon Digital had a negative net margin of 429.71% and a negative return on equity of 26.05%. Marathon Digital’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 earnings per share. Research analysts expect that Marathon Digital Holdings, Inc. will post -1.24 EPS for the current fiscal year.

Insider Transactions at Marathon Digital

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total value of $391,946.25. Following the transaction, the chief executive officer owned 4,562,009 shares of the company’s stock, valued at approximately $65,008,628.25. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas K. Mellinger sold 7,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $16.00, for a total value of $112,000.00. Following the transaction, the director owned 231,618 shares in the company, valued at approximately $3,705,888. This trade represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 101,010 shares of company stock worth $1,232,377 over the last three months. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC lifted its holdings in shares of Marathon Digital by 51.2% during the second quarter. Headlands Technologies LLC now owns 444,756 shares of the business services provider’s stock worth $6,178,000 after buying an additional 150,665 shares in the last quarter. Greenleaf Trust grew its stake in shares of Marathon Digital by 9.9% in the second quarter. Greenleaf Trust now owns 11,915 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 1,076 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Marathon Digital by 24.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 50,275 shares of the business services provider’s stock valued at $698,000 after acquiring an additional 9,873 shares in the last quarter. GAMMA Investing LLC increased its position in Marathon Digital by 20.0% during the second quarter. GAMMA Investing LLC now owns 25,506 shares of the business services provider’s stock worth $354,000 after acquiring an additional 4,246 shares during the period. Finally, Moody National Bank Trust Division bought a new position in Marathon Digital during the second quarter worth about $1,858,000. Institutional investors own 44.53% of the company’s stock.

About Marathon Digital

(Get Free Report)

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.