I. Introduction
MARA Holdings, Inc. (NASDAQ: MARA) is the world's largest publicly traded Bitcoin mining company, headquartered in Fort Lauderdale, Florida, operating digital asset mining facilities globally with over 50,000 Bitcoin holdings, making it the second-largest corporate Bitcoin holder after MicroStrategy. MARA underwent a strategic pivot in 2021 from patent licensing to Bitcoin mining and changed its name to MARA Holdings in August 2024. MARA operates as a vertically integrated digital energy and infrastructure company, leveraging high-intensity compute operations to monetize excess energy and optimize power management
II. Key Metrics to Watch
MARA reported a 30% increase in Q1 2025 revenue of $213.9 million but a net loss of $533.4 million and missed earnings expectations. In 2024, the company achieved record-high revenue, net income, and adjusted EBITDA. The consensus forward EPS estimate for 2025 is -$2.46, with a potential upside of $20.35. Analysts maintain an average 12-month price target of approximately $20.35 due to negative trailing earnings.
The majority of analysts from both Seeking Alpha and Investing.com currently rate Marathon Holdings (MARA) as a Buy or Hold. Out of 13 analysts, 6 recommend buying, 8 suggest holding, and only 1 recommends selling the stock. Price Target: The average 12-month price target is $20.04, representing a potential upside of approximately 22% from recent trading levels. Price targets range from a low of $9.50 to a high of $32.
III. Stock Performance Analysis
MARA is currently trading at 17.66 USD, with a recovery along an upside 1M trendline from 2023's minimum. The uptrend was propelled by a liquidity area at the POC at 9.62 USD and stopped close to 28 USD. After several weekly rejection candles and after closing the gap of the large red candle in April 2022, the price pushed down towards 16 USD, forming a critical support level at the 1M timeframe. The retest of the trendline at 9.6 USD (this was the liquidity area that sustained the uptrend) pushed the stock outside the lateral side, and now with the retesting and breaking of the 16 USD level with a 1M June candle, the stock seems to be moving upward towards the retest of the liquidity at 19.6. A July candle's closure above 1M resistance and increased liquidity at 14.24 USD may confirm an upside move, potentially reaching at least the 1W level at 20.43 USD and possibly 23.38 USD, provided that the POC at 19.6 does not act as strong resistance.
IV. Potential Opportunities with certificates
We utilized the justcertificate.com screener tool to search for certificates with MARA, a major free certificate aggregator and screener, resulting in two items. I picked the second because its expiration is in 2027.
Vontobel's certificate DE000VC946Y6 (justcertificate.com/certificate/DE000VC946Y6) is focused on the cryptomining sector and includes Coinbase and Microstrategy as underlying equities. The high monthly coupon at 2.33% highlights the extremely high risk of this certificate, which is based on very volatile equities that are driven by the US money market yield, energy prices, and the cryptocurrency market. The underlying equities are currently much above the 50% barrier, there is no early redemption trigger, and MARA is the worst performer. Since MARA is just 32% above the coupon barrier, which is above the 1M trendline, any retest might potentially break the barrier, while Coinbase and MicroStrategy do not now appear to be the issue. The certificate may continue to provide a significant coupon flow if the POC at 14 USD and the 1M resistance at 15.5 USD act as strong support levels.
IV. Entries
I made my initial entry on July 1st, following the break of the 1M level from the liquidity zone at 14.28 USD, which also pushed through the 1D level at 16.9 USD. The certificate was priced below parity, and justcertificate.com estimates a TIR of 32% for this entry. In the meantime, I'll enjoy the high July coupon.
I will continue to accumulate the certificate as long as it maintains the critical resistance level, and even more if it approaches the specified target price of roughly 20 USD.
Continue to follow my entries in my Discord channel: discord.com/channels/1375015458125905930/1389114341273505873
and in the Discord of justcertificate.com discord.gg/WpJH8DZH
Justcertificate.com is one of the most sophisticated certificate management systems available, and it is absolutely free. Its capacity to screen, select, and analyze thousands of products from many different issuers in real time enables me to build and continuously reassess my certificate portfolio while being profitable.
MARA Holdings, Inc. (NASDAQ: MARA) is the world's largest publicly traded Bitcoin mining company, headquartered in Fort Lauderdale, Florida, operating digital asset mining facilities globally with over 50,000 Bitcoin holdings, making it the second-largest corporate Bitcoin holder after MicroStrategy. MARA underwent a strategic pivot in 2021 from patent licensing to Bitcoin mining and changed its name to MARA Holdings in August 2024. MARA operates as a vertically integrated digital energy and infrastructure company, leveraging high-intensity compute operations to monetize excess energy and optimize power management
II. Key Metrics to Watch
MARA reported a 30% increase in Q1 2025 revenue of $213.9 million but a net loss of $533.4 million and missed earnings expectations. In 2024, the company achieved record-high revenue, net income, and adjusted EBITDA. The consensus forward EPS estimate for 2025 is -$2.46, with a potential upside of $20.35. Analysts maintain an average 12-month price target of approximately $20.35 due to negative trailing earnings.
The majority of analysts from both Seeking Alpha and Investing.com currently rate Marathon Holdings (MARA) as a Buy or Hold. Out of 13 analysts, 6 recommend buying, 8 suggest holding, and only 1 recommends selling the stock. Price Target: The average 12-month price target is $20.04, representing a potential upside of approximately 22% from recent trading levels. Price targets range from a low of $9.50 to a high of $32.
III. Stock Performance Analysis
MARA is currently trading at 17.66 USD, with a recovery along an upside 1M trendline from 2023's minimum. The uptrend was propelled by a liquidity area at the POC at 9.62 USD and stopped close to 28 USD. After several weekly rejection candles and after closing the gap of the large red candle in April 2022, the price pushed down towards 16 USD, forming a critical support level at the 1M timeframe. The retest of the trendline at 9.6 USD (this was the liquidity area that sustained the uptrend) pushed the stock outside the lateral side, and now with the retesting and breaking of the 16 USD level with a 1M June candle, the stock seems to be moving upward towards the retest of the liquidity at 19.6. A July candle's closure above 1M resistance and increased liquidity at 14.24 USD may confirm an upside move, potentially reaching at least the 1W level at 20.43 USD and possibly 23.38 USD, provided that the POC at 19.6 does not act as strong resistance.
IV. Potential Opportunities with certificates
We utilized the justcertificate.com screener tool to search for certificates with MARA, a major free certificate aggregator and screener, resulting in two items. I picked the second because its expiration is in 2027.
Vontobel's certificate DE000VC946Y6 (justcertificate.com/certificate/DE000VC946Y6) is focused on the cryptomining sector and includes Coinbase and Microstrategy as underlying equities. The high monthly coupon at 2.33% highlights the extremely high risk of this certificate, which is based on very volatile equities that are driven by the US money market yield, energy prices, and the cryptocurrency market. The underlying equities are currently much above the 50% barrier, there is no early redemption trigger, and MARA is the worst performer. Since MARA is just 32% above the coupon barrier, which is above the 1M trendline, any retest might potentially break the barrier, while Coinbase and MicroStrategy do not now appear to be the issue. The certificate may continue to provide a significant coupon flow if the POC at 14 USD and the 1M resistance at 15.5 USD act as strong support levels.
IV. Entries
I made my initial entry on July 1st, following the break of the 1M level from the liquidity zone at 14.28 USD, which also pushed through the 1D level at 16.9 USD. The certificate was priced below parity, and justcertificate.com estimates a TIR of 32% for this entry. In the meantime, I'll enjoy the high July coupon.
I will continue to accumulate the certificate as long as it maintains the critical resistance level, and even more if it approaches the specified target price of roughly 20 USD.
Continue to follow my entries in my Discord channel: discord.com/channels/1375015458125905930/1389114341273505873
and in the Discord of justcertificate.com discord.gg/WpJH8DZH
Justcertificate.com is one of the most sophisticated certificate management systems available, and it is absolutely free. Its capacity to screen, select, and analyze thousands of products from many different issuers in real time enables me to build and continuously reassess my certificate portfolio while being profitable.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.