Marathon Digital Holdings

MARABTC Miner📍 Fort Lauderdale, Florida, USAWebsite ↗

Marathon Digital Holdings (NASDAQ: MARA) is one of the U.S.-listed Bitcoin miners, primarily engaged in Bitcoin mining and related digital infrastructure. By deploying specialized miners and data center infrastructure, it converts power into hashrate, participates in the Bitcoin network's proof-of-work mechanism, and earns BTC rewards by successfully mining blocks. Beyond mining, MARA holds a large amount of BTC and treats BTC asset management as part of its strategy. In recent years it has also been expanding its energy and digital infrastructure footprint, seeking to combine Bitcoin mining, power resources and high-performance computing infrastructure.

Latest quarter · 2026Q1

BTC Production

2,247

2026Q1

Treasury

35,303

2026Q1

Hashrate

58.5 EH/s

2026Q1

Cash Cost / BTC

$66,096

2026Q1

Power

1,900 MW

2026Q1

Efficiency

17.6 J/TH

2026Q1

Mining Operations

Production & Holdings

Hashrate & Power

Cost Analysis

Cost per BTC

Fleet Efficiency

Quarterly history

Quarter	BTC Production	Treasury	Hashrate	Cash Cost / BTC	Power	Efficiency	Source
2026Q1	2,247	35,303	58.5 EH/s	$66,096	1,900 MW	17.6	2026Q1 ↗
2025Q4	2,011	53,822	66.4 EH/s	$80,181	1,861 MW	18.6	2025Q43
2025Q3	2,144	52,850	60.4 EH/s	$68,584	1,800 MW	18.6	2025Q33
2025Q2	2,358	49,951	57.4 EH/s	$57,603	1,700 MW	18.3	2025Q23
2025Q1	2,286	47,531	54.3 EH/s	$59,056	1,700 MW	19.3	2025Q14
2024Q4	2,492	44,893	53.2 EH/s	$52,035	1,735 MW	19.2	2024Q44
2024Q3	2,070	26,747	36.9 EH/s	$46,932	1,100 MW	22.7	2024Q32
2024Q2	2,058	18,488	31.5 EH/s	—	1,100 MW	24.8	2024Q22
2024Q1	2,811	17,381	27.8 EH/s	$34,648	1,100 MW	25	2024Q12
2023Q4	4,242	15,126	24.7 EH/s	$17,707	910 MW	24.5	2023Q43
2023Q3	3,490	13,716	19.1 EH/s	$17,085	582.1 MW	25.2	2023Q33
2023Q2	2,926	12,538	12.1 EH/s	$18,873	—	27.3	2023Q23
2023Q1	2,195	11,466	6.9 EH/s	$15,206	—	—	2023Q14

Data sources: SEC filings, company announcements and investor materials. Snapshot built 2026-06-22.