---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-040005"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:37:48.070004+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Marathon Digital Q3 net income $64.1M; revenue up 670% to $97.8M; bitcoin production 3,490 BTC (+467%)

## Summary
- Net income of $64.1M ($0.35 diluted EPS) vs net loss of $72.5M in Q3 2022; adjusted EBITDA $43.7M vs -$6.1M.
- Revenue $97.8M (vs $12.7M YoY) driven by 467% BTC production increase and 32% higher avg BTC price.
- Energized hash rate rose 8% QoQ to 19.1 EH/s; guidance for ~26 EH/s by year-end 2023 and ~30% growth in 2024.
- $417M note exchange cut long-term debt 56%; combined cash+BTC exceeded total debt for first time in two years.
- Digital asset gains $31.7M (sold 66% of BTC mined) partially offset by $11.9M impairment; $82.6M gain on debt extinguishment.

## SEC filing metadata
- accession: 0001493152-23-040005
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315223040005/0001493152-23-040005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315223040005/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-040005
- JSON: https://secwatch.observer/filing/0001493152-23-040005.json
- Plain text: https://secwatch.observer/filing/0001493152-23-040005.txt

## Key facts
- Earnings Releases
  MARA Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $97.8 million, net income $64.1 million, EPS $0.35 per diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $97.8 million
  - Net income: $64.1 million
  - EPS: $0.35 per diluted share
  - Result: reported results
  source text: The Company recorded net income of $64.1 million, or $0.35 per diluted share, during the three months ended September 30, 2023, compared to a net loss of $72.5 million, or $0.62 loss per share, in the same period last year. Revenues were $97.8 million for the quarter, significantly above third quarter 2022 revenues of $12.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000149315223040005/0001493152-23-040005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.