Where do Things Stand About This Mid Cap Stock-MARA

Acrobull Canada Advisory Inc.

June 20			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Mara Holdings Inc.	MARA-NASDAQ	Technology		$5.009 Billion	High

MARA Holdings, Inc. operates as a digital asset technology company in the United States. It also provides technology solutions to optimize data center operations, such as liquid immersion cooling and firmware for bitcoin miners.

Recent Highlights

Strong operational growth: Nearly doubled hashrate, efficiency improvements, and strategic energy integration.

Key strategy: HODL — Marathon retains most mined BTC, inflating cash value but reducing near‑term liquidity.

Vertical integration push: Moves into energy generation (Texas wind), flare-gas mining, and renewable technologies to lower operational costs

First Quarter 2025 Highlights

Revenue grew 30% year-over-year to $213.9 million. While it showed strong growth, it slightly missed analyst expectations, which were around $223 million.

Marathon reported a net loss of $533.4 million for the quarter, equivalent to a loss of $1.55 per share. This compares to net income of $337.2 million (or $1.26 per share) in the same quarter last year.

Adjusted EBITDA declined significantly, swinging from a gain of $796 million in Q4 2024 to a loss of $483.6 million in Q1 2025.

The company's energized hash rate increased 95% year-over-year to 54.3 exahash per second (EH/s), nearly doubling from 27.8 EH/s a year ago.

Marathon mined 2,286 BTC during the quarter, which is down 19% year-over-year. The decrease is largely attributed to the Bitcoin halving event in April 2024.

The company’s total Bitcoin holdings increased 174% year-over-year, reaching 47,531 BTC, with a fair value estimated at around $3.9 billion.

Stock Observation- Marathon’s Q2 2025 outlook is likely to reflect mixed results due to- Bitcoin price fluctuations, The post-halving mining environment, Potential liquidity issues, Scaling efforts and energy costs. The RSI level for the stock is at 48 which shows oversold conditions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$14.49 USD
Acrobull Recommendation	Buy
Target Price	$16.67 USD
RSI Level	14 Day RSI 48
Total Shares Outstanding	351.93 Million
Shares held by Insiders Risk Factor Stop Loss	0.83% High 5%