Marathon Digital Holdings (MARA) is scheduled to release its second-quarter 2025 financial results on July 29, after the market closes.
Analysts project revenues of $228.9 million, a significant 57.7% increase from the same period last year. However, the company is expected to post a wider net loss of 49 cents per share, compared to a loss of 24 cents per share in the year-ago quarter. The consensus earnings estimate has remained unchanged over the past 30 days. In the last four quarters, Marathon’s earnings surpassed estimates once, matched them once, and fell short twice.
The anticipated revenue growth is attributed to Marathon’s dual strategy of generating immediate income from its large-scale, energy-efficient Bitcoin mining operations while also accumulating the digital asset to capitalize on potential price appreciation. This approach of producing Bitcoin at a lower cost helps ensure consistent revenue streams.
Despite the strong top-line forecast, near-term profitability remains a challenge. While the company’s strategic expansion through increased mining capacity and acquisitions supports long-term growth, and a potentially crypto-friendly regulatory environment could provide a tailwind, its financial performance remains mixed. Analysts suggest a cautious “hold” stance, pending operational improvements and a more supportive market backdrop.
This sentiment is reflected in Zacks’ quantitative model, which does not conclusively predict an earnings beat for Marathon this quarter. The company holds a Zacks Rank #3 (Hold) and an Earnings ESP of 0.00%.
Over the last three months, Marathon’s stock has climbed 21%. During the same period, competitors in the Bitcoin mining sector, Riot Platforms (RIOT) and Hut 8 Corp. (HUT), have recorded more substantial gains of 96% and 56%, respectively.
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