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MARA Marathon Digital

Marathon Patent Group Inc. is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets.

Company profile

Ticker
MARA
Exchange
CEO
Merrick Okamoto
Employees
Incorporated
Location
Fiscal year end
Former names
American Strategic Minerals Corp, Marathon Patent Group, Inc., VERVE VENTURES INC
SEC CIK
IRS number
10949984

MARA stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 211.93M 211.93M 211.93M 211.93M 211.93M 211.93M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) 1.03M 815.39K
Cash used (since last report) n/a n/a n/a n/a 4.12M 3.27M
Cash remaining n/a n/a n/a n/a 207.81M 208.66M
Runway (months of cash) n/a n/a n/a n/a 202.2 255.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Mar 21 Okamoto Merrick D Common Stock Conversion Aquire C No No 48.02 339,200 16.29M 4,163,859
31 Mar 21 Okamoto Merrick D RSUs Common Sale back to company Dispose D No No 48.02 454,941 21.85M 0
31 Mar 21 Benz Peter Common Stock Conversion Aquire C No No 48.02 36,530 1.75M 43,060
31 Mar 21 Benz Peter RSUs Common Sale back to company Dispose D No No 48.02 36,530 1.75M 73,059
18 Feb 21 Benz Peter Common Stock Sell Dispose S No No 46.4 30,000 1.39M 6,530
18 Feb 21 Okamoto Merrick D Common Stock Sell Dispose S No No 48.65 700,000 34.06M 3,824,659
10 Feb 21 Benz Peter Common Stock Conversion Aquire C No No 2.19 36,530 80K 36,530
10 Feb 21 Benz Peter RSUs Common Sale back to company Dispose D No No 2.19 36,530 80K 109,589
10 Feb 21 Benz Peter RSUs Common Grant Aquire A No No 2.19 146,119 320K 146,119
5 Feb 21 Okamoto Merrick D Common Stock Conversion Aquire C No No 13.59 1,259,449 17.12M 4,524,659

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Management Discussion
  • We generated revenues of $9.2 million during the three months ended March 31, 2021 as compared to $0.6 million during the three months ended March 31, 2020. For the three months ended March 31, 2021, this represented an increase of $8.6 million or 1,445% over the same period in 2020. Revenue for the three months ended March 31, 2021 and 2020 were derived primarily from cryptocurrency mining.
  • Direct cost of revenues during the three months ended March 31, 2021 amounted to $2.4 million and for the three months ended March 31, 2020, the direct cost of revenues amounted to $1.2 million. For the three months ended March 31, 2021, this represented an increase of $1.2 million or 109% over the same period in 2020. Direct costs of revenue include depreciation and amortization expenses of the cryptocurrency mining machines and patents, contingent payments to patent enforcement legal costs, patent enforcement advisors and inventors as well as various non-contingent costs associated with enforcing the Company’s patent rights and otherwise in developing and entering into settlement and licensing agreements that generate the Company’s revenue.
  • We incurred other operating expenses of $53.8 million for the three months ended March 31, 2021 and $0.5 million for the three months ended March 31, 2020. For the three months ended March 31, 2021, this represented an increase of $53.3 million or 10,031%. These expenses primarily consisted of stock-based compensation, compensation to our officers, directors and employees, impairment of cryptocurrencies, professional fees and consulting incurred in connection with the day-to-day operation of our business.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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