MARATHON DIGITAL HOLDINGS INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
MARA$6.64+4.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (in thousands, except share and per share data) · (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $324,268 | $357,313 |
| Digital assets | 1,234,695 | 639,660 |
| Accounts receivable, net | 8,368 | — |
| Deposits | 40,855 | 7,240 |
| Prepaid expenses and other current assets | 32,574 | 25,590 |
| Total current assets | 1,640,760 | 1,029,803 |
| Property and equipment, net | 802,332 | 671,772 |
| Advances to vendors | 261,140 | 95,589 |
| Investments | 112,203 | 106,292 |
| Long-term deposits | 59,164 | 59,790 |
| Long-term prepaids | 21,055 | 27,284 |
| Right-of-use assets | 7,817 | 443 |
| Goodwill | 30,852 | — |
| Intangible assets, net | 21,664 | — |
| Total long-term assets | 1,316,227 | 961,170 |
| TOTAL ASSETS | $2,956,987 | $1,990,973 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $33,274 | $11,343 |
| Accrued expenses | 32,242 | 22,291 |
| Derivative instrument | 4,263 | — |
| Operating lease liabilities | 1,352 | 124 |
| Total current liabilities | 71,131 | 33,758 |
| Long-term liabilities: | ||
| Notes payable | 326,083 | 325,654 |
| Operating lease liabilities | 13,060 | 354 |
| Deferred tax liabilities | 52,842 | 15,286 |
| Other long-term liabilities | 16,978 | — |
| Total long-term liabilities | 408,963 | 341,294 |
| Stockholders’ Equity: | ||
| Preferred stock, par value $0.0001 per share, 50,000,000 shares authorized and no shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | — | — |
| Common stock, par value $0.0001 per share, 500,000,000 shares authorized; 268,944,172 shares and 242,829,391 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 27 | 24 |
| Additional paid-in capital | 2,707,333 | 2,183,537 |
| Accumulated deficit | (230,467) | (567,640) |
| Total stockholders’ equity | 2,476,893 | 1,615,921 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $2,956,987 | $1,990,973 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.