Marathon Digital’s statistics show how a major U.S. Bitcoin miner turns hash rate, hardware, and investment into BTC production—then reflects it in the financials. Explore treasury BTC changes through 2024, with monthly mining totals and energized hash rate performance. You’ll also see key growth moves in Texas, plus the company’s Q2 2024 results and how its stock has traded.
Key Takeaways
- Marathon held 18,536 BTC as of June 30, 2024
- BTC holdings increased by 4,144 in Q2 2024 to 18,536
- As of May 31, 2024, treasury held 17,381 BTC valued at ~$1.2B
- Marathon Digital Holdings reported Q2 2024 revenue of $145.2 million, a 69% increase year-over-year
- Net income for Q2 2024 was $110.4 million, or $0.75 per diluted share
- Adjusted EBITDA for Q2 2024 reached $131.2 million
- Marathon's energized hash rate reached 29.6 EH/s as of July 4, 2024
- Total self-mining hashrate target 50 EH/s by end 2024
- Deployed 10,000 S19 XP miners at Granbury site in Q2 2024
- Marathon Digital mined 2,070 BTC in June 2024 with average operational energized hash rate of 25.0 EH/s
- In May 2024, produced 210 BTC at 24.7 EH/s energized hash rate
- April 2024 mining output was 950 BTC with 23.4 EH/s
- Stock price closed at $19.43 on July 31, 2024
- 52-week high of $31.28 reached March 14, 2024
- Average daily volume 52.4 million shares in past 3 months as of Oct 2024
Marathon grew its BTC holdings to 18,536 and surged Q2 revenue, reaching record hash rate and mined 4,137 BTC.
Related reading
01 · Category
Bitcoin Holdings21 stats
01
Marathon held 18,536 BTC as of June 30, 2024
02
BTC holdings increased by 4,144 in Q2 2024 to 18,536
03
As of May 31, 2024, treasury held 17,381 BTC valued at ~$1.2B
04
April 30, 2024 holdings: 15,841 BTC
05
End of Q1 2024: 14,392 BTC in treasury
06
March 31, 2024: 13,726 BTC held
07
February 29, 2024: 14,020 BTC
08
January 31, 2024: 14,112 BTC treasury
09
December 31, 2023: 15,241 BTC held
10
November 30, 2023: 14,647 BTC
11
October 31, 2023: 14,503 BTC
12
End of Q3 2023: 16,330 BTC in holdings
13
September 30, 2023: 15,372 BTC held
14
August 31, 2023: 15,351 BTC treasury
15
July 31, 2023: 15,254 BTC
16
Full-year 2023 average holdings ~12,500 BTC
17
June 30, 2023: 12,852 BTC held
18
May 31, 2023: 12,746 BTC
19
No BTC sold in Q2 2024, 100% HODL strategy
20
Treasury BTC value at Q2 2024 end ~$1.2 billion
21
Cumulative BTC mined since inception exceeds 25,000 as of Q2 2024
Interpretation
Bitcoin Holdings Interpretation
Marathon’s Bitcoin holdings show steady growth, rising from 14,392 BTC at the end of Q1 2024 to 18,536 BTC by June 30 2024 with an additional 4,144 BTC added in Q2, underscoring the company’s expanding BTC treasury under the Bitcoin Holdings category.
02 · Category
Financial Metrics24 stats
01
Marathon Digital Holdings reported Q2 2024 revenue of $145.2 million, a 69% increase year-over-year
02
Net income for Q2 2024 was $110.4 million, or $0.75 per diluted share
03
Adjusted EBITDA for Q2 2024 reached $131.2 million
04
Q1 2024 revenue was $165.2 million, up 223% YoY
05
Full-year 2023 revenue totaled $387.5 million
06
Q4 2023 revenue was $131.6 million, a 58% increase QoQ
07
Gross mining margin for Q2 2024 was 46%
08
Operating cash flow for Q2 2024 was $106.5 million
09
Total assets as of Q2 2024 end were $2.68 billion
10
Cash and equivalents stood at $218.6 million at Q2 2024 end
11
Q3 2023 revenue was $97.1 million
12
EPS for Q2 2024 was $0.27basic
13
Market cap as of Oct 2024 was approximately $5.2 billion
14
Debt outstanding was $750 million as of Q2 2024
15
Q2 2024 cost of revenues was $77.9 million
16
Full-year 2022 revenue was $343.3 million
17
SG&A expenses for Q2 2024 were $24.5 million
18
Bitcoin yield per petahash for Q2 2024 was 16.8
19
Energy cost per bitcoin mined in Q2 2024 was $28,512
20
Total shareholders' equity at Q2 2024 was $1.84 billion
21
Q1 2023 revenue was $77.2 million
22
Depreciation expense for Q2 2024 was $77.8 million
23
Free cash flow for Q2 2024 was $95.4 million
24
Return on equity for trailing 12 months as of Q2 2024 was 35.2%
Interpretation
Financial Metrics Interpretation
Under financial metrics, Marathon Digital’s growth stands out with Q2 2024 revenue rising 69% year over year to $145.2 million and Q1 2024 revenue jumping 223% year over year to $165.2 million, signaling a sharp acceleration in earnings power.
03 · Category
Infrastructure And Expansion22 stats
01
Marathon's energized hash rate reached 29.6 EH/s as of July 4, 2024
02
Total self-mining hashrate target 50 EH/s by end 2024
03
Deployed 10,000 S19 XP miners at Granbury site in Q2 2024
04
Acquired 200 MW data center in Granbury, Texas for $179M in 2024
05
Total fleet size 239,000 miners as of Q2 2024 end
06
Average fleet efficiency 18.9 J/TH as of Q2 2024
07
Power capacity under contract 1.1 GW as of Q2 2024
08
Energized hashrate grew 77% YoY to 24.7 EH/s in Q2 2024 avg
09
$458.7M convertible notes issued to fund expansion in May 2024
10
Partnership with TAE for nuclear-powered mining development
11
23.4 EH/s operational in April 2024 at 93% utilization
12
Added 4.8 EH/s in Q1 2024 through miner deployments
13
$878M ATM program for miner purchases announced Feb 2024
14
Total capex in Q2 2024 was $283.5 million for miners and sites
15
Infrastructure transformation ratio 1.06 in Q2 2024
16
16 data centers operational across US and abroad as of 2024
17
Average energy cost $0.042per kWh in Q2 2024
18
85% of power from sustainable sources targeted by 2024
19
Purchased 23,700 Bitmain S21 XPs in June 2024 for future deployment
20
Q1 2024 capex $444.4 million primarily for miner acquisitions
21
Hashrate capacity doubled from 10 EH/s in early 2023 to 20+ EH/s by 2024
22
$2.2 billion undrawn credit facility secured in 2024 for growth
Interpretation
Infrastructure And Expansion Interpretation
Marathon is rapidly scaling its Infrastructure And Expansion capabilities, pushing energized hash rate to 29.6 EH/s by July 4 2024 while targeting 50 EH/s from self mining by end 2024, alongside deploying 10,000 S19 XP miners at its Granbury site and expanding into a 200 MW data center.
More related reading
04 · Category
Mining Production21 stats
01
Marathon Digital mined 2,070 BTC in June 2024 with average operational energized hash rate of 25.0 EH/s
02
In May 2024, produced 210 BTC at 24.7 EH/s energized hash rate
03
April 2024 mining output was 950 BTC with 23.4 EH/s
04
Q2 2024 total BTC mined was 4,137 at average 24.7 EH/s
05
March 2024 production: 537 BTC at 23.1 EH/s
06
February 2024: 706 BTC mined at 22.3 EH/s
07
January 2024: 894 BTC at 20.9 EH/s
08
December 2023: 1,122 BTC at 20.6 EH/s
09
Q1 2024 BTC production totaled 2,231 with average 22.1 EH/s
10
November 2023: 657 BTC at 18.2 EH/s
11
October 2023: 623 BTC at 16.4 EH/s
12
Q4 2023 total mined 1,853 BTC at average 18.8 EH/s
13
September 2023: 582 BTC at 16.7 EH/s
14
August 2023: 440 BTC at 15.6 EH/s
15
July 2023: 423 BTC at 14.5 EH/s
16
Full-year 2023 BTC production was 7,791
17
June 2023: 330 BTC at 13.3 EH/s
18
May 2023: 240 BTC at 12.9 EH/s
19
Average revenue per BTC mined in Q2 2024 was $64,200
20
Hash rate efficiency improved to 90% utilization in Q2 2024
21
Q2 2024 direct mining costs per petahash was $12.45
Interpretation
Mining Production Interpretation
In Mining Production, Marathon Digital’s monthly BTC output rebounded strongly from 706 BTC in February 2024 and 537 BTC in March to 950 BTC in April and then surged to 2,070 BTC in June 2024 as its energized hash rate rose from 22.3 EH/s to 25.0 EH/s.
05 · Category
Stock Performance24 stats
01
Stock price closed at $19.43on July 31, 2024
02
52-week high of $31.28reached March 14, 2024
03
Average daily volume 52.4 million shares in past 3 months as of Oct 2024
04
Beta of 5.07 indicating high volatility as of Oct 2024
05
Market capitalization $6.53 billion as of Oct 11, 2024
06
P/E ratio trailing twelve months -45.09 as of Oct 2024
07
Shares outstanding 258.35 million basic as of Q2 2024
08
Dividend yield 0% with no dividends paid
09
52-week low $8.65on Oct 12, 2023
10
YTD return +10.5% as of Oct 2024 from $17.10 start
11
1-year return 154.2% as of Oct 2024
12
Enterprise value $6.24 billion as of Oct 2024
13
Price-to-sales ratio 11.47 trailing 12 months
14
Short interest 18.42% of float as of Sep 2024
15
Institutional ownership 44.81% as of Q2 2024
16
Analyst target price average $23.40as of Oct 2024
17
Q2 2024 EPS beat estimates by $0.10
18
Stock up 30% post Q2 earnings on Aug 1, 2024
19
5-year return 1,234% as of Oct 2024
20
Float 234.56 million shares
21
EV/EBITDA ratio 12.45 as of Oct 2024
22
Shares shorted 45.32 million as of Sep 30, 2024
23
Days to cover short interest 1.8 days
24
Insider ownership 3.02%
Interpretation
Stock Performance Interpretation
For the Stock Performance angle, Marathon Digital’s shares closed at $19.43 on July 31, 2024 and traded up to a 52 week high of $31.28 in March 2024, but with a very high beta of 5.07 and a deeply negative trailing P E ratio of -45.09 in Oct 2024, the data points to a stock that has been highly volatile and still struggling to translate activity into earnings.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Lukas Bauer. (2026, February 24). Marathon Digital Statistics. Gitnux. https://gitnux.org/marathon-digital-statistics
MLA
Lukas Bauer. "Marathon Digital Statistics." Gitnux, 24 Feb 2026, https://gitnux.org/marathon-digital-statistics.
Chicago
Lukas Bauer. 2026. "Marathon Digital Statistics." Gitnux. https://gitnux.org/marathon-digital-statistics.
Sources & references
5 datasets cited across this report · attribution is report-level