Marathon Digital Holdings Inc (LTS:0YJC)
$ 32.8 0 (0%) Market Cap: 3.98 Bil Enterprise Value: 4.20 Bil PE Ratio: 19.84 PB Ratio: 1.91 GF Score: 79/100
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Q3 2024 MARA Holdings Inc Earnings Call Transcript

Nov 12, 2024 / 10:00 PM GMT

Key Points

Positve
  • MARA Holdings Inc (MARA) announced the addition of approximately 372 megawatts of owned and operated capacity across three sites in Ohio, enhancing their operational scale.
  • The company acquired two operational data centers in Ohio at a low cost of approximately $270,000 per megawatt, demonstrating their ability to secure cost-effective acquisitions.
  • MARA Holdings Inc (MARA) has increased its total owned and operated compute capacity by over 70%, providing greater operational control and potential cost reductions.
  • The company's strategic expansion has increased its total nameplate capacity to just under 1.5 gigawatts, with approximately 65% of this capacity owned and operated by MARA.
  • MARA Holdings Inc (MARA) holds over 27,000 Bitcoin, providing financial flexibility and potential for significant appreciation in value.
Negative
  • The company faces challenges with the fluctuating price of Bitcoin, which can impact financial performance and investor expectations.
  • MARA Holdings Inc (MARA) operates in a highly competitive market, with increasing global hash rates and difficulty levels affecting revenue generation.
  • The company is transitioning from a traditional mining model to owning and operating its own resources, which may involve significant capital investment and operational risks.
  • MARA Holdings Inc (MARA) is exposed to regulatory risks, particularly with the evolving U.S. government stance on cryptocurrency and Bitcoin mining.
  • The company is reliant on strategic partnerships and acquisitions to achieve its growth objectives, which may not always yield the expected benefits.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MARA.OQ - MARA Holdings Inc
Q3 2024 MARA Holdings Inc Earnings Call
Nov 12, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings, welcome to Mara's third quarter, 2024 earnings call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded.

I will now turn the conference over to your host, Robert Samuels, Vice President of Investor relations. Thank you. You may begin.

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Unidentified_2 [2]
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Thank you operator. Good afternoon and welcome to Maur third quarter, 2024 Ernie's call. Thank you for joining us today
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