MARA Holdings Inc Stock Price, News & Analysis

MARA (NASDAQ:MARA) and MPLX (NYSE:MPLX) signed a letter of intent on Nov 4, 2025 to collaborate on integrated gas-fired power generation and data center campuses in West Texas.

MARA will build and operate multiple power plants and data centers near MPLX Delaware basin processing facilities with an initial capacity of 400 MW and potential to scale to 1.5 GW. MPLX will facilitate natural gas supply and receive electricity under a tolling arrangement. The LOI is subject to execution of definitive agreements, regulatory and third-party approvals, and satisfactory due diligence.

MARA (NASDAQ: MARA) will host a webcast and conference call to discuss third quarter 2025 financial results on Tuesday, November 4, 2025 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time).

Financial results will be published in a shareholder letter on the company’s investor relations website prior to the call. The live webcast will be available and replayable via the investor relations site. Verified retail and institutional shareholders can submit and upvote Q&A questions between October 22, 2025 at 9:00 a.m. ET and October 29, 2025 at 9:00 a.m. ET.

Registration is required to participate or listen; investors having trouble joining can contact investor relations at ir@mara.com.

MARA (NASDAQ: MARA) reported unaudited September 2025 bitcoin mining updates. Key metrics: 218 blocks won (5% M/M), 736 BTC produced (4% M/M), average 24.5 BTC/day (8% M/M), energized hashrate 60.4 EH/s (2% M/M). As of September 30, 2025 MARA held 52,850 BTC (includes loaned/pledged assets); the company recorded a net sale of BTC during the month. Operations: fleet uptime 99%, Hannibal site at 86 MW online with +14 MW targeted by year-end, Texas wind farm fully deployed and on track for full operations in Q4. Global hashrate averaged 1,031 EH/s (+9% M/M).

MARA (NASDAQ:MARA) reported its Bitcoin mining operations update for August 2025, maintaining strong production with 208 blocks mined and 705 BTC produced. The company's energized hashrate increased 1% to 59.4 EH/s, while global hashrate rose 6% to 949 EH/s.

MARA expanded its BTC holdings to 52,477 BTC, strategically accumulating during price declines. The company is finalizing its Texas wind farm operations and announced a significant deal to acquire a 64% stake in Exaion, EDF's subsidiary, with an option to increase ownership to 75% by 2027. This strategic move establishes MARA's European headquarters in Paris and aims to develop AI solutions for energy optimization.

MARA Holdings (NASDAQ: MARA) has announced significant steps in its European expansion strategy. The company has appointed Gérard Mestrallet, former Chairman and CEO of ENGIE, as Senior Advisor, and François Garcin as General Manager of Europe. Additionally, MARA has established its European headquarters in Paris, France.

Mestrallet brings extensive experience in global energy and infrastructure sectors, serving as Special Envoy for the India-Middle East-Europe Economic Corridor. Garcin, who joined MARA in July, will oversee European operations and has already contributed to securing an investment agreement with Exaion. He brings over 20 years of experience in finance and technology, having founded Argenthal Holdings and led significant technology investments across multiple regions.

MARA Holdings (NASDAQ: MARA) has signed an investment agreement to acquire a 64% stake in Exaion, a subsidiary of EDF, for $168 million in cash. The deal includes an option to increase ownership to 75% by 2027 with an additional investment of $127 million.

Exaion specializes in high-performance computing data centers and secure cloud/AI infrastructure, partnering with industry leaders like NVIDIA, Deloitte, and 2CRSI. The acquisition aims to enhance MARA's capabilities in AI/HPC infrastructure development and expand its secure cloud solutions offerings. EDF will maintain a minority stake and continue as a client, with the transaction expected to close in Q4 2025.

MARA (NASDAQ:MARA) reported its Bitcoin mining operations update for July 2025, with 703 Bitcoin produced, representing a 1% decrease month-over-month. The company won 207 blocks in July, down 2% from June, amid a 9% increase in mining difficulty.

MARA achieved a significant milestone by increasing its Bitcoin holdings to 50,639 BTC, establishing itself as the second-largest publicly traded Bitcoin holder globally. The company's energized hashrate grew by 3% to 58.9 EH/s. With over $5 billion in liquid assets and an additional $1 billion recently raised, MARA is positioned for domestic growth and international expansion.

MARA (NASDAQ: MARA), a leading digital energy and infrastructure company, reported exceptional Q2 2025 financial results. The company achieved remarkable growth with revenue increasing 64% year-over-year to $238 million. Most notably, net income surged 505% year-over-year to $808.2 million.

MARA's Bitcoin holdings demonstrated substantial expansion, growing 170% year-over-year to 49,951 BTC from 18,488 BTC at the end of Q2 2024. The company will discuss these results during a conference call scheduled for July 29, 2025, at 5:00 p.m. Eastern Time.

MARA Holdings (NASDAQ: MARA) has successfully completed an upsized offering of $950 million in 0.00% convertible senior notes due 2032. The company secured net proceeds of approximately $940.5 million after deducting initial purchasers' discounts and commissions.

The notes are convertible into cash, MARA common stock, or a combination thereof, with an initial conversion rate of 49.3619 shares per $1,000 principal amount, equivalent to a conversion price of $20.2585 per share. MARA allocated $18.3 million to repurchase existing 2026 convertible notes and $36.9 million for capped call transactions.

The remaining proceeds will be used to acquire additional bitcoin and for general corporate purposes. The company implemented protective measures through capped call transactions with a cap price of $24.14 per share, representing a 40% premium over the reference price.