MARA Holdings, Inc. (MARA) SEC Filings

MARA Holdings, Inc. (MARA) is the issuer of common stock referenced in a notice filed by officer Nowaid Zabi under Rule 144. The notice covers a planned sale of 8,376 shares of common stock through Wells Fargo Clearing Services, with an aggregate market value of $100,002.93 and an approximate sale date of August 21, 2026. The filing states that 386,299,297 shares of this class were outstanding. The shares were originally acquired on December 31, 2024 via a stock grant from the issuer, and the form also lists prior sales in the last three months.

MARA Holdings, Inc. (MARA) reported that Chief Executive Officer and director Frederick G. Thiel sold 27,505 shares of common stock on 2026-08-17 at $9.21 per share. Following this sale, Thiel directly holds 4,335,697 shares of MARA common stock. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Thiel on May 28, 2025.

MARA Holdings, Inc. insider Salman Hassan Khan, the Chief Financial Officer, reported selling 16,000 shares of common stock on August 17, 2026 at $9.21 per share. The shares were held indirectly through the S & N Khan Family Trust, for which he and his spouse serve as trustees and his immediate family members are sole beneficiaries. After this sale, the trust held 377,066 shares indirectly, and Khan also reported a separate direct holding of 1,606,356 shares. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on September 11, 2025.

The Thiel Living Trust filed a Form 144 for Marathon Digital Holdings (MARA), indicating an intent to sell up to 27,505 shares of common stock through Fidelity Brokerage Services, with an aggregate market value of $253,321.05, and a proposed sale date of August 17, 2026 on NASDAQ. These shares arose from restricted stock vesting events treated as compensation on April 26, 2024 (19,833 shares) and April 30, 2024 (7,672 shares). Shares of MARA outstanding were 386,299,297 as of this filing. The trust also reports prior sales of 27,505 shares each on May 18, 2026, June 17, 2026, and July 17, 2026, for proceeds of $330,060.00, $391,946.25, and $299,804.50, respectively.

The S&N Khan Family Trust filed a notice related to MARA common stock, indicating an intent to sell 16,000 shares through Fidelity Brokerage Services LLC with a proposed aggregate price of $147,360.00. The filing notes MARA had 386,299,297 shares outstanding as of August 17, 2026. The 16,000 shares stem from restricted stock vesting on April 30, 2025 as compensation, and the trust has already sold 16,000-share blocks in each of the past three months at disclosed dollar amounts.

MARA Holdings, Inc. reported that Nancy K. Novak is an insider, serving as a director. A Form 3 was submitted as an initial statement of beneficial ownership, with no equity holdings or transactions reported at this time. An associated Power of Attorney is referenced as Exhibit 24.1.

MARA Holdings, Inc. filed an initial beneficial ownership statement for Hart Craig A., who is identified as a director of the company and not a ten percent owner or officer. The filing reports no transactions or holdings and includes an exhibit described as a Power of Attorney.

MARA Holdings, Inc. reported weaker results for the quarter ended June 30, 2026. Revenue was $174.9 million versus $238.5 million a year earlier, while changes in fair value of digital assets and related receivables totaled approximately $1.36 billion year‑to‑date. Together with higher depreciation, restructuring and tax valuation effects, this produced an operating loss of $521.1 million and a net loss attributable to common stockholders of $609.7 million for the quarter, and $1.87 billion for the first half.

Digital asset exposure remains significant but reduced: bitcoin and other digital assets had a fair value of $2.09 billion at June 30, 2026, down from $4.71 billion at December 31, 2025, with bitcoin holdings declining to 35,577 BTC. Cash, cash equivalents and restricted cash totaled $433.3 million. The company repurchased approximately $367.5 million of March 2030 Notes and $633.4 million of June 2031 Notes, recording a $70.6 million gain and reducing total debt to about $2.45 billion, while adding AI/HPC capacity through the $174.5 million Exaion acquisition and a $25.2 million Nebraska data center purchase.

MARA Holdings posted significantly weaker Q2 2026 results as bitcoin price moves reversed prior gains. Revenue was $174.9 million, down 27% from $238.5 million. The company reported a net loss of $611.3 million, or $1.60 per diluted share, versus net income of $808.2 million a year earlier, driven mainly by a $343.0 million unrealized loss on bitcoin compared with a $1.2 billion gain in Q2 2025. Adjusted EBITDA declined to ($360.9 million) from $1.2 billion.

Despite weaker profitability, scale continued to increase. Energized hashrate reached 70.3 EH/s, up 22%, and MARA mined 2,422 BTC and won 700 blocks. It ended June 30, 2026 holding 35,577 BTC valued at about $2.1 billion plus $421.3 million of cash, for roughly $2.5 billion of combined liquidity. Purchased energy costs rose to $48.8 million as owned capacity expanded, while cost per kWh at owned sites remained $0.04.

Management emphasized a shift toward AI-oriented digital infrastructure. MARA advanced the pending Long Ridge acquisition and secured rights to a 2 GW powered land site in Matagorda County, Texas, steps that could expand its power portfolio up to 4.8 GW. Subsequent bitcoin-backed credit facilities totaling $600.0 million with Coinbase and Two Prime are intended to help fund Long Ridge without equity issuance, alongside initiatives such as Exaion, Vertebr.AI and Hashrate Under Management.