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MARA Holdings, Inc.

MARA·NASDAQ·USD

7.09+0.25 (+3.65%)
Regular-session close·Definitions
Price history2014-07-28 — 2026-10-23Valid trading days: 3,080 · Through 2026-10-23 · All expected trading dates since listing are present · History update delayed
Operating history2010-07-31 — 2026-06-309 historical metrics · 36 workpaper periods
Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The first price observation reaches the verified listing date. This does not mean that security continuity, every trading day and adjusted prices have all been verified throughout the history.

The first price reaches the verified listing date 2014-07-28. Trading-date coverage and price verification are shown separately below.

Trading dates checked for 2014-07-28 — 2026-10-23: all 3,080 expected dates are present. Complete dates do not establish independent verification of every price.

Security basis: The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

verified-listing-start-covered

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

Nasdaq listing began as Marathon Patent Group. Earlier patent-licensing period is historical business scope, not Bitcoin mining; OTC predecessor observations excluded.

View sources and versions ↗
Financial drivers from public filings · single quarter

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2013-06-30 — 2026-06-30 · Valid observations: 220. Digital-asset and compute operations are identified separately and are not treated as banking. Company-wide financials do not replace segment analysis of mining, cloud services, token holdings and customer funds.

  • Days sales outstanding (average balance): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Days inventory outstanding (average balance): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Days payable outstanding (average balance): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Cash conversion cycle (average balances): Applicable definitions of trade receivables, inventory and purchase costs have not been established for this business. A manufacturing cash-conversion cycle is therefore not applied.
  • Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history
Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

Add metrics 4
Available metrics: 9

Financials and cash flow

Last value in range
MARA Share priceTrading day
USD51015207.02
Gross marginQuarterly observations
No actual observations in this window. Widen the range or reset the view.
Operating marginQuarterly observations
%-800-600-400-200-298
Net marginQuarterly observations
%-1k-800-600-400-200-350
(CFO − cash purchases of PP&E) / revenueQuarterly observations
%-200-180-160-140-12025.10.2326.01.0126.04.0126.07.0126.10.23-136

Time rangeMARA Share price

2025-10-23 — 2026-10-23
Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Underlying data Operating metrics: 4
Observations in this chart, including unverified periods or dates · original values and source versions retained
Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period endGross margin% · Calculated from disclosuresOperating margin% · Calculated from disclosuresNet margin% · Calculated from disclosures(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
2026-06-302026-06-30—
Basis · Calculated from disclosures

Source version date: 2026-08-06

Required inputs with matching periods and currencies are insufficient, or the denominator is not positive.

View calculation inputs · 4 items
Currency
USD
grossProfit
Not disclosed
Revenue
174,881,000
Input source document
0
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
174,881,000
Filing date
2026-08-06
form
10-Q
accn
0001507605-26-000022
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000022
MARA · 10-Q · Filing version 2026-08-06
-297.96%
Basis · Calculated from disclosures

Source version date: 2026-08-06

View calculation inputs · 4 items
Currency
USD
operatingIncome
-521,070,000
Revenue
174,881,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
-521,070,000
Filing date
2026-08-06
form
10-Q
accn
0001507605-26-000022
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000022
1
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
174,881,000
Filing date
2026-08-06
form
10-Q
accn
0001507605-26-000022
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000022
MARA · 10-Q · Filing version 2026-08-06
-349.56%
Basis · Calculated from disclosures

Source version date: 2026-08-06

View calculation inputs · 4 items
Currency
USD
Net income
-611,317,000
Revenue
174,881,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:ProfitLoss
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
-611,317,000
Filing date
2026-08-06
form
10-Q
accn
0001507605-26-000022
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000022
1
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
174,881,000
Filing date
2026-08-06
form
10-Q
accn
0001507605-26-000022
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000022
MARA · 10-Q · Filing version 2026-08-06
-136.41%
Basis · Calculated from disclosures

Source version date: 2026-08-06

View calculation inputs · 5 items
Currency
USD
Operating cash flow
-223,768,000
Cash capital expenditure
14,780,000
Revenue
174,881,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-06-30
value
-471,257,000
Filing date
2026-08-06
form
10-Q
accn
0001507605-26-000022
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000022
1
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
-247,489,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
-1
sourceIds
0
mara-sec-0001507605-26-000016
2
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-06-30
value
94,303,000
Filing date
2026-08-06
form
10-Q
accn
0001507605-26-000022
Input sign
-1
sourceIds
0
mara-sec-0001507605-26-000022
3
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
79,523,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000016
4
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-04-01
Period end
2026-06-30
value
174,881,000
Filing date
2026-08-06
form
10-Q
accn
0001507605-26-000022
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000022
MARA · 10-Q · Filing version 2026-08-06MARA · 10-Q · Filing version 2026-05-11
2026-03-312026-03-31—
Basis · Calculated from disclosures

Source version date: 2026-05-11

Required inputs with matching periods and currencies are insufficient, or the denominator is not positive.

View calculation inputs · 4 items
Currency
USD
grossProfit
Not disclosed
Revenue
174,614,000
Input source document
0
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
174,614,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000016
MARA · 10-Q · Filing version 2026-05-11
-607.91%
Basis · Calculated from disclosures

Source version date: 2026-05-11

View calculation inputs · 4 items
Currency
USD
operatingIncome
-1,061,496,000
Revenue
174,614,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
-1,061,496,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000016
1
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
174,614,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000016
MARA · 10-Q · Filing version 2026-05-11
-722.96%
Basis · Calculated from disclosures

Source version date: 2026-05-11

View calculation inputs · 4 items
Currency
USD
Net income
-1,262,397,000
Revenue
174,614,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:ProfitLoss
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
-1,262,397,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000016
1
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
174,614,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000016
MARA · 10-Q · Filing version 2026-05-11
-187.28%
Basis · Calculated from disclosures

Source version date: 2026-05-11

View calculation inputs · 5 items
Currency
USD
Operating cash flow
-247,489,000
Cash capital expenditure
79,523,000
Revenue
174,614,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
-247,489,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000016
1
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
79,523,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
-1
sourceIds
0
mara-sec-0001507605-26-000016
2
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2026-01-01
Period end
2026-03-31
value
174,614,000
Filing date
2026-05-11
form
10-Q
accn
0001507605-26-000016
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000016
MARA · 10-Q · Filing version 2026-05-11
2025-12-312025-12-31—
Basis · Calculated from disclosures

Source version date: 2026-03-02

Required inputs with matching periods and currencies are insufficient, or the denominator is not positive.

View calculation inputs · 4 items
Currency
USD
grossProfit
Not disclosed
Revenue
202,314,000
Input source document
0
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
907,093,000
Filing date
2026-03-02
form
10-K
accn
0001507605-26-000007
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000007
1
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
704,779,000
Filing date
2025-11-04
form
10-Q
accn
0001507605-25-000028
Input sign
-1
sourceIds
0
mara-sec-0001507605-25-000028
MARA · 10-K · Filing version 2026-03-02MARA · 10-Q · Filing version 2025-11-04
-697.21%
Basis · Calculated from disclosures

Source version date: 2026-03-02

View calculation inputs · 4 items
Currency
USD
operatingIncome
-1,410,555,000
Revenue
202,314,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
-1,224,250,000
Filing date
2026-03-02
form
10-K
accn
0001507605-26-000007
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000007
1
role
numerator
Original XBRL field
us-gaap:OperatingIncomeLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
186,305,000
Filing date
2025-11-04
form
10-Q
accn
0001507605-25-000028
Input sign
-1
sourceIds
0
mara-sec-0001507605-25-000028
2
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
907,093,000
Filing date
2026-03-02
form
10-K
accn
0001507605-26-000007
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000007
3
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
704,779,000
Filing date
2025-11-04
form
10-Q
accn
0001507605-25-000028
Input sign
-1
sourceIds
0
mara-sec-0001507605-25-000028
MARA · 10-K · Filing version 2026-03-02MARA · 10-Q · Filing version 2025-11-04
-845.12%
Basis · Calculated from disclosures

Source version date: 2026-03-02

View calculation inputs · 4 items
Currency
USD
Net income
-1,709,788,000
Revenue
202,314,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:ProfitLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
-1,311,892,000
Filing date
2026-03-02
form
10-K
accn
0001507605-26-000007
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000007
1
role
numerator
Original XBRL field
us-gaap:ProfitLoss
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
397,896,000
Filing date
2025-11-04
form
10-Q
accn
0001507605-25-000028
Input sign
-1
sourceIds
0
mara-sec-0001507605-25-000028
2
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
907,093,000
Filing date
2026-03-02
form
10-K
accn
0001507605-26-000007
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000007
3
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
704,779,000
Filing date
2025-11-04
form
10-Q
accn
0001507605-25-000028
Input sign
-1
sourceIds
0
mara-sec-0001507605-25-000028
MARA · 10-K · Filing version 2026-03-02MARA · 10-Q · Filing version 2025-11-04
-192.38%
Basis · Calculated from disclosures

Source version date: 2026-03-02

View calculation inputs · 5 items
Currency
USD
Operating cash flow
-224,745,000
Cash capital expenditure
164,472,000
Revenue
202,314,000
Input source document
0
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
-802,725,000
Filing date
2026-03-02
form
10-K
accn
0001507605-26-000007
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000007
1
role
numerator
Original XBRL field
us-gaap:NetCashProvidedByUsedInOperatingActivities
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
-577,980,000
Filing date
2025-11-04
form
10-Q
accn
0001507605-25-000028
Input sign
-1
sourceIds
0
mara-sec-0001507605-25-000028
2
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
407,071,000
Filing date
2026-03-02
form
10-K
accn
0001507605-26-000007
Input sign
-1
sourceIds
0
mara-sec-0001507605-26-000007
3
role
numerator
Original XBRL field
us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
242,599,000
Filing date
2025-11-04
form
10-Q
accn
0001507605-25-000028
Input sign
1
sourceIds
0
mara-sec-0001507605-25-000028
4
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2025-01-01
Period end
2025-12-31
value
907,093,000
Filing date
2026-03-02
form
10-K
accn
0001507605-26-000007
Input sign
1
sourceIds
0
mara-sec-0001507605-26-000007
5
role
denominator
Original XBRL field
us-gaap:Revenues
Original unit
USD
Period start
2025-01-01
Period end
2025-09-30
value
704,779,000
Filing date
2025-11-04
form
10-Q
accn
0001507605-25-000028
Input sign
-1
sourceIds
0
mara-sec-0001507605-25-000028
MARA · 10-K · Filing version 2026-03-02MARA · 10-Q · Filing version 2025-11-04
Calculations and sources 4 items
Gross margin% · Calculated from disclosures
Calculation basis

Gross profit / revenue × 100

Reading guide

Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources
Operating margin% · Calculated from disclosures
Calculation basis

Operating income / revenue × 100

Reading guide

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources
Net margin% · Calculated from disclosures
Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources
(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
Calculation basis

(Operating cash flow − cash purchases of PP&E) / revenue × 100

Reading guide

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

Business and research scope

How the business turns into revenue and cash, and what the available evidence can establish.

Company filings ↗

MARA HOLDINGS, INC.. The quote provider classifies its industry as Finance: Consumer Services. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.

Company profile and filings
Legal name
MARA HOLDINGS, INC.
Exchange / quote currency
NASDAQ / USD
Reporting currency
USD
Source industry classification
Finance: Consumer Services
Financial period end / Source version used
2026-06-30 / 2026-08-06
Value-chain roles (not revenue shares)
Data-center real estate and compute hosting
Check SEC filings index ↗

Related companies in the value chain

Shared value-chain roles do not establish direct peer status or valuation comparability.
MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

7.09 +3.65%
2026-07-23 — 2026-10-23Price change over the selected period -45.03%
Provider split-adjusted prices excluding dividends, USD. Recorded trading days are equally spaced from 2026-07-23 to 2026-10-23 (66 trading days). Volume is shown separately in shares.USD6.08.010.012.014.016.07.02Volume · shares2026-07-23 Volume 58,888,900 shares2026-07-24 Volume 56,452,800 shares2026-07-27 Volume 43,179,100 shares2026-07-28 Volume 62,210,200 shares2026-07-29 Volume 43,674,600 shares2026-07-30 Volume 45,393,300 shares2026-07-31 Volume 38,670,700 shares2026-08-03 Volume 27,186,100 shares2026-08-04 Volume 30,234,400 shares2026-08-05 Volume 27,307,500 shares2026-08-06 Volume 36,564,400 shares2026-08-07 Volume 56,581,500 shares2026-08-10 Volume 42,295,000 shares2026-08-11 Volume 37,320,500 shares2026-08-12 Volume 40,674,900 shares2026-08-13 Volume 32,838,400 shares2026-08-14 Volume 34,562,900 shares2026-08-17 Volume 55,316,500 shares2026-08-18 Volume 45,477,000 shares2026-08-19 Volume 67,214,700 shares2026-08-20 Volume 80,251,000 shares2026-08-21 Volume 104,100,300 shares2026-08-24 Volume 61,452,800 shares2026-08-25 Volume 48,490,000 shares2026-08-26 Volume 41,989,700 shares2026-08-27 Volume 59,958,400 shares2026-08-28 Volume 41,926,000 shares2026-08-31 Volume 23,713,200 shares2026-09-01 Volume 30,219,300 shares2026-09-02 Volume 30,007,200 shares2026-09-03 Volume 69,078,700 shares2026-09-04 Volume 37,594,800 shares2026-09-08 Volume 53,474,700 shares2026-09-09 Volume 38,381,300 shares2026-09-10 Volume 38,535,800 shares2026-09-11 Volume 45,263,400 shares2026-09-14 Volume 53,268,200 shares2026-09-15 Volume 49,136,100 shares2026-09-16 Volume 46,292,900 shares2026-09-17 Volume 70,466,500 shares2026-09-18 Volume 84,319,400 shares2026-09-21 Volume 52,028,200 shares2026-09-22 Volume 43,625,200 shares2026-09-23 Volume 37,417,100 shares2026-09-24 Volume 40,194,200 shares2026-09-25 Volume 36,795,600 shares2026-09-28 Volume 28,562,700 shares2026-09-29 Volume 26,125,800 shares2026-09-30 Volume 41,155,900 shares2026-10-01 Volume 30,322,100 shares2026-10-02 Volume 42,274,900 shares2026-10-05 Volume 33,526,200 shares2026-10-06 Volume 28,574,800 shares2026-10-07 Volume 36,756,500 shares2026-10-08 Volume 47,870,400 shares2026-10-09 Volume 35,182,500 shares2026-10-12 Volume 20,770,400 shares2026-10-13 Volume 36,172,600 shares2026-10-14 Volume 38,738,500 shares2026-10-15 Volume 41,559,700 shares2026-10-16 Volume 40,622,700 shares2026-10-19 Volume 29,191,600 shares2026-10-20 Volume 36,739,600 shares2026-10-21 Volume 34,815,000 shares2026-10-22 Volume 34,418,600 shares2026-10-23 Volume 33,774,400 shares104.1M007-2308-1409-0910-0110-23
Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 3080 / trading dates: 3080Market data source
MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close
6.84
Session open
6.96
Session range
6.86 – 7.32
Session volume
37.43 M
20 Average daily volume
34.86 M
Historical range
0.35 – 155.68

Valuation and cash

Market cap · USD
2.79 B
Price / sales · TTM
3.47
Free cash flow yield
-44.41%

Financial denominator

Revenue · TTM
804.22 M USD
Period end
2026-06-30
Source version
2026-08-06

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-06-30

Mining and computing operations are not banking businesses. Revenue multiples do not measure the net value of digital-asset holdings, and CFO minus PP&E does not establish cash distributable to common shareholders.

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Quarter · As of 2026-06-30Source version used 2026-08-06 · Original currency USD
USD · Quarter
Current period 2026-04-01 — 2026-06-30Comparison period 2026-01-01 — 2026-03-31
Financial comparison of two defined periods; expand values for source records
Line itemCurrent periodComparison periodAmount changeGrowth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive
174.88 M

Raw value 174,881,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

174.61 M

Raw value 174,614,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+0.27 M+0.15%
Operating incomeOperating margin -297.96% · Change +309.95 percentage points
-521.07 M

Raw value -521,070,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

-1.06 B

Raw value -1,061,496,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+540.43 M—
Net incomeNet margin -349.56% · Change +373.40 percentage points
-611.32 M

Raw value -611,317,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

-1.26 B

Raw value -1,262,397,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+651.08 M—
Operating cash flowOperating cash flow / revenue -127.95% · Change +13.78 percentage points
-223.77 MDerived by subtraction

Raw value -223,768,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · -471.26 M USD · Source version 2026-08-06
  • Subtract: 2026-01-01 — 2026-03-31 · -247.49 M USD · Source version 2026-05-11
-247.49 M

Raw value -247,489,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

+23.72 M—
Capital expenditureCapital expenditure / revenue 8.45% · Change -37.09 percentage points
14.78 MDerived by subtraction

Raw value 14,780,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 94.30 M USD · Source version 2026-08-06
  • Subtract: 2026-01-01 — 2026-03-31 · 79.52 M USD · Source version 2026-05-11
79.52 M

Raw value 79,523,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

-64.74 M-81.41%
Comparable values unavailable for the two selected periods · Gross profit
  • Gross profit:Reported value unavailable; Reported value unavailable.
Check filing sources ↗

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials
Comparable-period financial trends
Last value in range
USD million-2k-1k01k2010.072013.012016.012019.012022.012026.06175-521-611

Time rangeRevenue

2010-07-31 — 2026-06-30
Methodology and controls

Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Quarterly financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD2010-07-312011-07-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue
0.00 M

Raw value 0.00 USD

2010-05-01 — 2010-07-31 · USD · Reported data

0.00 M

Raw value 0.00 USD

2011-05-01 — 2011-07-31 · USD · Reported data

1.52 M

Raw value 1,524,979.00 USD

2013-04-01 — 2013-06-30 · USD · Reported data

0.71 M

Raw value 710,500.00 USD

2013-07-01 — 2013-09-30 · USD · Reported data

1.18 MDerived by subtraction

Raw value 1,182,892.00 USD

2013-10-01 — 2013-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2013-01-01 — 2013-12-31 · 3.42 M USD · Source version 2015-03-26
  • Subtract: 2013-01-01 — 2013-09-30 · 2.24 M USD · Source version 2014-11-12
2.78 M

Raw value 2,780,000.00 USD

2014-01-01 — 2014-03-31 · USD · Reported data

3.82 M

Raw value 3,824,500.00 USD

2014-04-01 — 2014-06-30 · USD · Reported data

13.46 M

Raw value 13,455,472.00 USD

2014-07-01 — 2014-09-30 · USD · Reported data

1.34 MDerived by subtraction

Raw value 1,344,497.00 USD

2014-10-01 — 2014-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2014-01-01 — 2014-12-31 · 21.40 M USD · Source version 2016-03-30
  • Subtract: 2014-01-01 — 2014-09-30 · 20.06 M USD · Source version 2015-11-16
4.09 M

Raw value 4,093,869.00 USD

2015-01-01 — 2015-03-31 · USD · Reported data

1.37 M

Raw value 1,368,986.00 USD

2015-04-01 — 2015-06-30 · USD · Reported data

6.41 M

Raw value 6,407,997.00 USD

2015-07-01 — 2015-09-30 · USD · Reported data

7.11 MDerived by subtraction

Raw value 7,106,943.00 USD

2015-10-01 — 2015-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2015-01-01 — 2015-12-31 · 18.98 M USD · Source version 2017-04-05
  • Subtract: 2015-01-01 — 2015-09-30 · 11.87 M USD · Source version 2016-11-14
2.06 M

Raw value 2,059,676.00 USD

2016-01-01 — 2016-03-31 · USD · Reported data

34.35 M

Raw value 34,349,762.00 USD

2016-04-01 — 2016-06-30 · USD · Reported data

0.04 M

Raw value 43,113.00 USD

2016-07-01 — 2016-09-30 · USD · Reported data

0.18 MDerived by subtraction

Raw value 176,725.00 USD

2016-10-01 — 2016-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2016-01-01 — 2016-12-31 · 36.63 M USD · Source version 2018-04-16
  • Subtract: 2016-01-01 — 2016-09-30 · 36.45 M USD · Source version 2017-11-20
0.08 M

Raw value 78,137.00 USD

2017-01-01 — 2017-03-31 · USD · Reported data

0.37 M

Raw value 368,800.00 USD

2017-04-01 — 2017-06-30 · USD · Reported data

0.16 M

Raw value 162,713.00 USD

2017-07-01 — 2017-09-30 · USD · Reported data

-0.09 MDerived by subtraction

Raw value -90,028.00 USD

2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2017-01-01 — 2017-12-31 · 0.52 M USD · Source version 2018-04-16
  • Subtract: 2017-01-01 — 2017-09-30 · 0.61 M USD · Source version 2017-11-20
0.24 M

Raw value 239,967.00 USD

2018-01-01 — 2018-03-31 · USD · Reported data

51.13 M

Raw value 51,132,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

81.76 M

Raw value 81,759,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reported data

97.85 M

Raw value 97,849,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

156.77 MDerived by subtraction

Raw value 156,768,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 387.51 M USD · Source version 2026-03-02
  • Subtract: 2023-01-01 — 2023-09-30 · 230.74 M USD · Source version 2024-11-12
165.20 M

Raw value 165,198,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

145.14 M

Raw value 145,139,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

131.65 M

Raw value 131,647,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

214.39 MDerived by subtraction

Raw value 214,394,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 656.38 M USD · Source version 2026-03-02
  • Subtract: 2024-01-01 — 2024-09-30 · 441.98 M USD · Source version 2025-11-04
213.88 M

Raw value 213,884,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

238.49 M

Raw value 238,485,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

252.41 M

Raw value 252,410,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

202.31 MDerived by subtraction

Raw value 202,314,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 907.09 M USD · Source version 2026-03-02
  • Subtract: 2025-01-01 — 2025-09-30 · 704.78 M USD · Source version 2025-11-04
174.61 M

Raw value 174,614,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

174.88 M

Raw value 174,881,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Gross profit——
1.24 M

Raw value 1,240,354.00 USD

2013-04-01 — 2013-06-30 · USD · Reported data

0.31 M

Raw value 307,487.00 USD

2013-07-01 — 2013-09-30 · USD · Reported data

—
1.67 M

Raw value 1,669,421.00 USD

2014-01-01 — 2014-03-31 · USD · Reported data

2.07 M

Raw value 2,070,667.00 USD

2014-04-01 — 2014-06-30 · USD · Reported data

7.87 M

Raw value 7,870,930.00 USD

2014-07-01 — 2014-09-30 · USD · Reported data

——————————————
0.02 M

Raw value 22,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

-10.74 M

Raw value -10,738,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reported data

-15.33 M

Raw value -15,327,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

———————————
Operating income
-0.00 M

Raw value -10.00 USD

2010-05-01 — 2010-07-31 · USD · Reported data

-0.00 M

Raw value -3,588.00 USD

2011-05-01 — 2011-07-31 · USD · Reported data

-0.82 M

Raw value -820,092.00 USD

2013-04-01 — 2013-06-30 · USD · Reported data

-1.04 M

Raw value -1,041,939.00 USD

2013-07-01 — 2013-09-30 · USD · Reported data

-1.10 MDerived by subtraction

Raw value -1,099,045.00 USD

2013-10-01 — 2013-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2013-01-01 — 2013-12-31 · -3.68 M USD · Source version 2015-03-26
  • Subtract: 2013-01-01 — 2013-09-30 · -2.58 M USD · Source version 2014-11-12
-0.28 M

Raw value -281,833.00 USD

2014-01-01 — 2014-03-31 · USD · Reported data

-0.32 M

Raw value -315,727.00 USD

2014-04-01 — 2014-06-30 · USD · Reported data

2.06 M

Raw value 2,061,869.00 USD

2014-07-01 — 2014-09-30 · USD · Reported data

-7.67 MDerived by subtraction

Raw value -7,670,031.00 USD

2014-10-01 — 2014-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2014-01-01 — 2014-12-31 · -6.21 M USD · Source version 2016-03-30
  • Subtract: 2014-01-01 — 2014-09-30 · 1.46 M USD · Source version 2015-11-16
-6.30 M

Raw value -6,299,470.00 USD

2015-01-01 — 2015-03-31 · USD · Reported data

-8.57 M

Raw value -8,566,757.00 USD

2015-04-01 — 2015-06-30 · USD · Reported data

-3.09 M

Raw value -3,085,406.00 USD

2015-07-01 — 2015-09-30 · USD · Reported data

-7.73 MDerived by subtraction

Raw value -7,728,798.00 USD

2015-10-01 — 2015-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2015-01-01 — 2015-12-31 · -25.68 M USD · Source version 2017-04-05
  • Subtract: 2015-01-01 — 2015-09-30 · -17.95 M USD · Source version 2016-11-14
-4.92 M

Raw value -4,916,019.00 USD

2016-01-01 — 2016-03-31 · USD · Reported data

14.01 M

Raw value 14,009,790.00 USD

2016-04-01 — 2016-06-30 · USD · Reported data

-10.74 M

Raw value -10,739,792.00 USD

2016-07-01 — 2016-09-30 · USD · Reported data

-13.95 MDerived by subtraction

Raw value -13,949,220.00 USD

2016-10-01 — 2016-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2016-01-01 — 2016-12-31 · -15.58 M USD · Source version 2018-04-16
  • Subtract: 2016-01-01 — 2016-09-30 · -1.63 M USD · Source version 2017-11-20
-2.81 M

Raw value -2,809,688.00 USD

2017-01-01 — 2017-03-31 · USD · Reported data

-2.93 M

Raw value -2,928,712.00 USD

2017-04-01 — 2017-06-30 · USD · Reported data

-3.92 M

Raw value -3,916,979.00 USD

2017-07-01 — 2017-09-30 · USD · Reported data

-4.53 MDerived by subtraction

Raw value -4,528,112.00 USD

2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2017-01-01 — 2017-12-31 · -14.18 M USD · Source version 2019-03-25
  • Subtract: 2017-01-01 — 2017-09-30 · -9.66 M USD · Source version 2018-11-13
-1.85 M

Raw value -1,847,065.00 USD

2018-01-01 — 2018-03-31 · USD · Reported data

122.08 M

Raw value 122,076,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

-6.07 M

Raw value -6,067,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reported data

-80.16 M

Raw value -80,160,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reported data

185.06 MDerived by subtraction

Raw value 185,063,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 220.91 M USD · Source version 2026-03-02
  • Subtract: 2023-01-01 — 2023-09-30 · 35.85 M USD · Source version 2024-11-12
369.70 M

Raw value 369,704,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

-232.40 M

Raw value -232,397,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

-172.22 M

Raw value -172,223,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

341.03 MDerived by subtraction

Raw value 341,027,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 306.11 M USD · Source version 2026-03-02
  • Subtract: 2024-01-01 — 2024-09-30 · -34.92 M USD · Source version 2025-11-04
-541.06 M

Raw value -541,063,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

679.78 M

Raw value 679,777,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

47.59 M

Raw value 47,591,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

-1.41 BDerived by subtraction

Raw value -1,410,555,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · -1.22 B USD · Source version 2026-03-02
  • Subtract: 2025-01-01 — 2025-09-30 · 186.31 M USD · Source version 2025-11-04
-1.06 B

Raw value -1,061,496,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

-521.07 M

Raw value -521,070,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Net income
-0.00 M

Raw value -10.00 USD

2010-05-01 — 2010-07-31 · USD · Reported data

-0.00 M

Raw value -3,588.00 USD

2011-05-01 — 2011-07-31 · USD · Reported data

-0.81 M

Raw value -810,499.00 USD

2013-04-01 — 2013-06-30 · USD · Reported data

-0.94 M

Raw value -935,320.00 USD

2013-07-01 — 2013-09-30 · USD · Reported data

-1.10 MDerived by subtraction

Raw value -1,098,980.00 USD

2013-10-01 — 2013-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2013-01-01 — 2013-12-31 · -3.45 M USD · Source version 2015-03-26
  • Subtract: 2013-01-01 — 2013-09-30 · -2.35 M USD · Source version 2014-11-12
-0.28 M

Raw value -281,606.00 USD

2014-01-01 — 2014-03-31 · USD · Reported data

-1.59 M

Raw value -1,589,743.00 USD

2014-04-01 — 2014-06-30 · USD · Reported data

3.52 M

Raw value 3,522,604.00 USD

2014-07-01 — 2014-09-30 · USD · Reported data

-3.53 MDerived by subtraction

Raw value -3,534,373.00 USD

2014-10-01 — 2014-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2014-01-01 — 2014-12-31 · -1.88 M USD · Source version 2016-03-30
  • Subtract: 2014-01-01 — 2014-09-30 · 1.65 M USD · Source version 2015-11-16
-4.79 M

Raw value -4,787,524.00 USD

2015-01-01 — 2015-03-31 · USD · Reported data

-4.50 M

Raw value -4,502,696.00 USD

2015-04-01 — 2015-06-30 · USD · Reported data

-3.75 M

Raw value -3,750,468.00 USD

2015-07-01 — 2015-09-30 · USD · Reported data

-3.91 MDerived by subtraction

Raw value -3,905,123.00 USD

2015-10-01 — 2015-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2015-01-01 — 2015-12-31 · -16.94 M USD · Source version 2017-04-05
  • Subtract: 2015-01-01 — 2015-09-30 · -13.03 M USD · Source version 2016-11-14
-3.89 M

Raw value -3,893,413.00 USD

2016-01-01 — 2016-03-31 · USD · Reported data

7.90 M

Raw value 7,902,557.00 USD

2016-04-01 — 2016-06-30 · USD · Reported data

-6.30 M

Raw value -6,298,605.00 USD

2016-07-01 — 2016-09-30 · USD · Reported data

-26.54 MDerived by subtraction

Raw value -26,539,412.00 USD

2016-10-01 — 2016-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2016-01-01 — 2016-12-31 · -28.83 M USD · Source version 2018-04-16
  • Subtract: 2016-01-01 — 2016-09-30 · -2.29 M USD · Source version 2017-11-20
-3.68 M

Raw value -3,677,282.00 USD

2017-01-01 — 2017-03-31 · USD · Reported data

-2.29 M

Raw value -2,285,442.00 USD

2017-04-01 — 2017-06-30 · USD · Reported data

-6.40 M

Raw value -6,397,486.00 USD

2017-07-01 — 2017-09-30 · USD · Reported data

-18.97 MDerived by subtraction

Raw value -18,973,358.00 USD

2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2017-01-01 — 2017-12-31 · -31.33 M USD · Source version 2018-04-16
  • Subtract: 2017-01-01 — 2017-09-30 · -12.36 M USD · Source version 2018-11-13
-2.40 M

Raw value -2,402,820.00 USD

2018-01-01 — 2018-03-31 · USD · Reported data

118.70 M

Raw value 118,699,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

-8.96 MDerived by subtraction

Raw value -8,962,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-06-30 · 109.74 M USD · Source version 2024-08-01
  • Subtract: 2023-01-01 — 2023-03-31 · 118.70 M USD · Source version 2024-05-09
-0.39 MDerived by subtraction

Raw value -390,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-09-30 · 109.35 M USD · Source version 2024-11-12
  • Subtract: 2023-01-01 — 2023-06-30 · 109.74 M USD · Source version 2024-08-01
151.83 MDerived by subtraction

Raw value 151,826,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 261.17 M USD · Source version 2026-03-02
  • Subtract: 2023-01-01 — 2023-09-30 · 109.35 M USD · Source version 2024-11-12
337.17 M

Raw value 337,173,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

-199.66 M

Raw value -199,659,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reported data

-124.79 M

Raw value -124,789,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reported data

528.28 MDerived by subtraction

Raw value 528,283,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 541.01 M USD · Source version 2026-03-02
  • Subtract: 2024-01-01 — 2024-09-30 · 12.73 M USD · Source version 2025-11-04
-533.44 M

Raw value -533,443,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

808.21 M

Raw value 808,205,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reported data

123.13 M

Raw value 123,134,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reported data

-1.71 BDerived by subtraction

Raw value -1,709,788,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · -1.31 B USD · Source version 2026-03-02
  • Subtract: 2025-01-01 — 2025-09-30 · 397.90 M USD · Source version 2025-11-04
-1.26 B

Raw value -1,262,397,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

-611.32 M

Raw value -611,317,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reported data

Operating cash flow——
-0.69 M

Raw value -693,446.00 USD

2013-04-01 — 2013-06-30 · USD · Reported data

-0.25 MDerived by subtraction

Raw value -253,898.00 USD

2013-07-01 — 2013-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2013-01-01 — 2013-09-30 · -0.95 M USD · Source version 2014-11-12
  • Subtract: 2013-01-01 — 2013-06-30 · -0.69 M USD · Source version 2014-08-14
-0.57 MDerived by subtraction

Raw value -572,126.00 USD

2013-10-01 — 2013-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2013-01-01 — 2013-12-31 · -1.52 M USD · Source version 2015-03-26
  • Subtract: 2013-01-01 — 2013-09-30 · -0.95 M USD · Source version 2014-11-12
1.80 M

Raw value 1,800,367.00 USD

2014-01-01 — 2014-03-31 · USD · Reported data

0.60 MDerived by subtraction

Raw value 599,219.00 USD

2014-04-01 — 2014-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2014-01-01 — 2014-06-30 · 2.40 M USD · Source version 2015-08-14
  • Subtract: 2014-01-01 — 2014-03-31 · 1.80 M USD · Source version 2015-05-14
0.83 MDerived by subtraction

Raw value 833,451.00 USD

2014-07-01 — 2014-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2014-01-01 — 2014-09-30 · 3.23 M USD · Source version 2015-11-16
  • Subtract: 2014-01-01 — 2014-06-30 · 2.40 M USD · Source version 2015-08-14
4.45 M

Raw value 4,453,574.00 USD

2014-10-01 — 2014-12-31 · USD · Reported data

-1.15 M

Raw value -1,145,055.00 USD

2015-01-01 — 2015-03-31 · USD · Reported data

-4.45 MDerived by subtraction

Raw value -4,446,993.00 USD

2015-04-01 — 2015-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2015-01-01 — 2015-06-30 · -5.59 M USD · Source version 2015-08-14
  • Subtract: 2015-01-01 — 2015-03-31 · -1.15 M USD · Source version 2015-05-14
2.67 MDerived by subtraction

Raw value 2,670,543.00 USD

2015-07-01 — 2015-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2015-01-01 — 2015-09-30 · -2.92 M USD · Source version 2015-11-16
  • Subtract: 2015-01-01 — 2015-06-30 · -5.59 M USD · Source version 2015-08-14
-0.04 MDerived by subtraction

Raw value -39,733.00 USD

2015-10-01 — 2015-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2015-01-01 — 2015-12-31 · -2.96 M USD · Source version 2016-03-30
  • Subtract: 2015-01-01 — 2015-09-30 · -2.92 M USD · Source version 2015-11-16
——
-1.91 MDerived by subtraction

Raw value -1,910,645.00 USD

2016-07-01 — 2016-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2016-01-01 — 2016-09-30 · 11.21 M USD · Source version 2017-11-20
  • Subtract: 2016-01-01 — 2016-06-30 · 13.12 M USD · Source version 2017-08-14
-1.04 MDerived by subtraction

Raw value -1,041,515.00 USD

2016-10-01 — 2016-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2016-01-01 — 2016-12-31 · 10.17 M USD · Source version 2018-04-16
  • Subtract: 2016-01-01 — 2016-09-30 · 11.21 M USD · Source version 2017-11-20
-4.67 M

Raw value -4,668,501.00 USD

2017-01-01 — 2017-03-31 · USD · Reported data

-2.45 MDerived by subtraction

Raw value -2,446,711.00 USD

2017-04-01 — 2017-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2017-01-01 — 2017-06-30 · -7.12 M USD · Source version 2018-08-14
  • Subtract: 2017-01-01 — 2017-03-31 · -4.67 M USD · Source version 2018-05-21
-7.69 MDerived by subtraction

Raw value -7,689,892.00 USD

2017-07-01 — 2017-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2017-01-01 — 2017-09-30 · -14.81 M USD · Source version 2018-11-13
  • Subtract: 2017-01-01 — 2017-06-30 · -7.12 M USD · Source version 2018-08-14
4.00 MDerived by subtraction

Raw value 3,996,621.00 USD

2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2017-01-01 — 2017-12-31 · -10.81 M USD · Source version 2019-03-25
  • Subtract: 2017-01-01 — 2017-09-30 · -14.81 M USD · Source version 2018-11-13
-3.65 M

Raw value -3,650,422.00 USD

2018-01-01 — 2018-03-31 · USD · Reported data

-91.46 M

Raw value -91,458,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

-51.41 MDerived by subtraction

Raw value -51,410,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-06-30 · -142.87 M USD · Source version 2024-08-01
  • Subtract: 2023-01-01 — 2023-03-31 · -91.46 M USD · Source version 2024-05-09
-81.62 MDerived by subtraction

Raw value -81,619,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-09-30 · -224.49 M USD · Source version 2024-11-12
  • Subtract: 2023-01-01 — 2023-06-30 · -142.87 M USD · Source version 2024-08-01
-91.16 MDerived by subtraction

Raw value -91,164,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · -315.65 M USD · Source version 2026-03-02
  • Subtract: 2023-01-01 — 2023-09-30 · -224.49 M USD · Source version 2024-11-12
-88.34 M

Raw value -88,340,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

-115.17 MDerived by subtraction

Raw value -115,171,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-06-30 · -203.51 M USD · Source version 2025-07-29
  • Subtract: 2024-01-01 — 2024-03-31 · -88.34 M USD · Source version 2025-05-08
-160.09 MDerived by subtraction

Raw value -160,085,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-09-30 · -363.60 M USD · Source version 2025-11-04
  • Subtract: 2024-01-01 — 2024-06-30 · -203.51 M USD · Source version 2025-07-29
-313.43 MDerived by subtraction

Raw value -313,426,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · -677.02 M USD · Source version 2026-03-02
  • Subtract: 2024-01-01 — 2024-09-30 · -363.60 M USD · Source version 2025-11-04
-215.49 M

Raw value -215,488,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

-163.44 MDerived by subtraction

Raw value -163,443,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-06-30 · -378.93 M USD · Source version 2026-08-06
  • Subtract: 2025-01-01 — 2025-03-31 · -215.49 M USD · Source version 2026-05-11
-199.05 MDerived by subtraction

Raw value -199,049,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-09-30 · -577.98 M USD · Source version 2025-11-04
  • Subtract: 2025-01-01 — 2025-06-30 · -378.93 M USD · Source version 2026-08-06
-224.75 MDerived by subtraction

Raw value -224,745,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · -802.73 M USD · Source version 2026-03-02
  • Subtract: 2025-01-01 — 2025-09-30 · -577.98 M USD · Source version 2025-11-04
-247.49 M

Raw value -247,489,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

-223.77 MDerived by subtraction

Raw value -223,768,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · -471.26 M USD · Source version 2026-08-06
  • Subtract: 2026-01-01 — 2026-03-31 · -247.49 M USD · Source version 2026-05-11
Capital expenditure——
0.02 MDerived by subtraction

Raw value 20,000.00 USD

2013-04-01 — 2013-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2013-01-01 — 2013-06-30 · 0.01 M USD · Source version 2014-08-14
  • Subtract: 2013-01-01 — 2013-03-31 · -0.01 M USD · Source version 2014-05-15
0.00 MDerived by subtraction

Raw value 0.00 USD

2013-07-01 — 2013-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2013-01-01 — 2013-09-30 · 0.01 M USD · Source version 2014-11-12
  • Subtract: 2013-01-01 — 2013-06-30 · 0.01 M USD · Source version 2014-08-14
————
-0.05 M

Raw value -52,963.00 USD

2014-10-01 — 2014-12-31 · USD · Reported data

0.04 M

Raw value 37,147.00 USD

2015-01-01 — 2015-03-31 · USD · Reported data

—
0.00 MDerived by subtraction

Raw value 1,852.00 USD

2015-07-01 — 2015-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2015-01-01 — 2015-09-30 · 0.02 M USD · Source version 2016-11-14
  • Subtract: 2015-01-01 — 2015-06-30 · 0.02 M USD · Source version 2016-08-15
0.04 MDerived by subtraction

Raw value 35,866.00 USD

2015-10-01 — 2015-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2015-01-01 — 2015-12-31 · 0.06 M USD · Source version 2017-04-05
  • Subtract: 2015-01-01 — 2015-09-30 · 0.02 M USD · Source version 2016-11-14
0.00 M

Raw value 2,097.00 USD

2016-01-01 — 2016-03-31 · USD · Reported data

0.00 MDerived by subtraction

Raw value 4,194.00 USD

2016-04-01 — 2016-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2016-01-01 — 2016-06-30 · 0.01 M USD · Source version 2017-08-14
  • Subtract: 2016-01-01 — 2016-03-31 · 0.00 M USD · Source version 2017-05-15
0.00 MDerived by subtraction

Raw value 2,096.00 USD

2016-07-01 — 2016-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2016-01-01 — 2016-09-30 · 0.01 M USD · Source version 2017-11-20
  • Subtract: 2016-01-01 — 2016-06-30 · 0.01 M USD · Source version 2017-08-14
0.00 MDerived by subtraction

Raw value 1.00 USD

2016-10-01 — 2016-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2016-01-01 — 2016-12-31 · 0.01 M USD · Source version 2018-04-16
  • Subtract: 2016-01-01 — 2016-09-30 · 0.01 M USD · Source version 2017-11-20
0.00 M

Raw value 2,097.00 USD

2017-01-01 — 2017-03-31 · USD · Reported data

0.00 MDerived by subtraction

Raw value 2,097.00 USD

2017-04-01 — 2017-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2017-01-01 — 2017-06-30 · 0.00 M USD · Source version 2018-08-14
  • Subtract: 2017-01-01 — 2017-03-31 · 0.00 M USD · Source version 2018-05-21
0.00 MDerived by subtraction

Raw value 2,097.00 USD

2017-07-01 — 2017-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2017-01-01 — 2017-09-30 · 0.01 M USD · Source version 2018-11-13
  • Subtract: 2017-01-01 — 2017-06-30 · 0.00 M USD · Source version 2018-08-14
0.00 MDerived by subtraction

Raw value 1,497.00 USD

2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2017-01-01 — 2017-12-31 · 0.01 M USD · Source version 2019-03-25
  • Subtract: 2017-01-01 — 2017-09-30 · 0.01 M USD · Source version 2018-11-13
5.80 M

Raw value 5,800,629.00 USD

2018-01-01 — 2018-03-31 · USD · Reported data

17.27 M

Raw value 17,270,000.00 USD

2023-01-01 — 2023-03-31 · USD · Reported data

6.05 MDerived by subtraction

Raw value 6,046,000.00 USD

2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-06-30 · 23.32 M USD · Source version 2024-08-01
  • Subtract: 2023-01-01 — 2023-03-31 · 17.27 M USD · Source version 2024-05-09
2.50 MDerived by subtraction

Raw value 2,497,000.00 USD

2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2023-01-01 — 2023-09-30 · 25.81 M USD · Source version 2024-11-12
  • Subtract: 2023-01-01 — 2023-06-30 · 23.32 M USD · Source version 2024-08-01
1.80 MDerived by subtraction

Raw value 1,798,000.00 USD

2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2023-01-01 — 2023-12-31 · 27.61 M USD · Source version 2026-03-02
  • Subtract: 2023-01-01 — 2023-09-30 · 25.81 M USD · Source version 2024-11-12
9.09 M

Raw value 9,088,000.00 USD

2024-01-01 — 2024-03-31 · USD · Reported data

17.22 MDerived by subtraction

Raw value 17,221,000.00 USD

2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-06-30 · 26.31 M USD · Source version 2025-07-29
  • Subtract: 2024-01-01 — 2024-03-31 · 9.09 M USD · Source version 2025-05-08
37.99 MDerived by subtraction

Raw value 37,994,000.00 USD

2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2024-01-01 — 2024-09-30 · 64.30 M USD · Source version 2025-11-04
  • Subtract: 2024-01-01 — 2024-06-30 · 26.31 M USD · Source version 2025-07-29
186.52 MDerived by subtraction

Raw value 186,522,000.00 USD

2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2024-01-01 — 2024-12-31 · 250.83 M USD · Source version 2026-03-02
  • Subtract: 2024-01-01 — 2024-09-30 · 64.30 M USD · Source version 2025-11-04
38.86 M

Raw value 38,856,000.00 USD

2025-01-01 — 2025-03-31 · USD · Reported data

118.92 MDerived by subtraction

Raw value 118,915,000.00 USD

2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-06-30 · 157.77 M USD · Source version 2026-08-06
  • Subtract: 2025-01-01 — 2025-03-31 · 38.86 M USD · Source version 2026-05-11
84.83 MDerived by subtraction

Raw value 84,828,000.00 USD

2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2025-01-01 — 2025-09-30 · 242.60 M USD · Source version 2025-11-04
  • Subtract: 2025-01-01 — 2025-06-30 · 157.77 M USD · Source version 2026-08-06
164.47 MDerived by subtraction

Raw value 164,472,000.00 USD

2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures

Fourth quarter reconstructed: full year − first nine months

  • Add: 2025-01-01 — 2025-12-31 · 407.07 M USD · Source version 2026-03-02
  • Subtract: 2025-01-01 — 2025-09-30 · 242.60 M USD · Source version 2025-11-04
79.52 M

Raw value 79,523,000.00 USD

2026-01-01 — 2026-03-31 · USD · Reported data

14.78 MDerived by subtraction

Raw value 14,780,000.00 USD

2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures

Quarter reconstructed: current cumulative value − previous cumulative value

  • Add: 2026-01-01 — 2026-06-30 · 94.30 M USD · Source version 2026-08-06
  • Subtract: 2026-01-01 — 2026-03-31 · 79.52 M USD · Source version 2026-05-11
Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗
Disclosed events

Exaion SAS (acquired from EDF Pulse Holding) · Capital and financing

Acquisition of a controlling equity interest in Exaion SAS from EDF Pulse Holding for total consideration of $174.5m (€148.0m), completed Feb 20, 2026 · minority shareholders hold a put option valued at $13.0m [1]

Disclosed events

Mining of the West, LLC · Capital and financing

Meerkat acquisition · 42 MW data center in central Nebraska acquired from Mining of the West, LLC for total consideration of $25.2m, completed Jan 21, 2026 [2]

Disclosed events

Velaura AI, Inc. (formerly Auradine, Inc.) · Capital and financing

Equity investment in Velaura AI, Inc. (formerly Auradine, Inc.) · preferred stock conversion plus $20.0m preferred stock purchase on Feb 19, 2025 · investment carrying value $85.4m as of Jun 30, 2026 [3]

Included financial source versions
  1. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-06-30. The same document includes multiple comparison periods.

  2. 10-Q Original financial filings ↗

    This page cites periods ending through 2026-03-31. The same document includes multiple comparison periods.

  3. 10-K Original financial filings ↗

    This page cites periods ending through 2025-12-31. The same document includes multiple comparison periods.

  4. 10-Q Original financial filings ↗

    This page cites periods ending through 2025-09-30. The same document includes multiple comparison periods.

  5. 10-Q Original financial filings ↗

    This page cites periods ending through 2024-06-30.

  6. 10-Q Original financial filings ↗

    This page cites periods ending through 2024-03-31.

Showing the latest 6 recorded source versions. Find the remaining 51 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Direct relationships: 3 · Excluded by current filters: 4

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Relationship records

3 records
Economic direction / relationship typeStatus / record dateRecorded amountCapacity basisEvidence source
Signed / existing2026-02-20USD 0.175 billionAcquisition considerationNot structuredA · Original filingCheck public source ↗
Signed / existing2026-01-21USD 0.025 billionAcquisition consideration42 MWSee the record for capacity definitions and conditionsA · Original filingCheck public source ↗
Signed / existing2025-02-19USD 0.085 billionEquity subscription amountNot structuredA · Original filingCheck public source ↗
1–3 / 3 records

Capital deployed · Business acquisition

MARA Exaion

Signed / existingA · Original filing

What this relationship establishes

Acquisition

Relationship type
Business acquisition

Recorded as signed or existing; performance progress requires separate verification

Amount basis
USD 0.175 billion Acquisition consideration
  • Consideration of $174.5 million (€148.0 million)
  • Minority shareholders hold a put option valued at $13.0m
  • $0.1745bn

Separate cash, notes, shares and contingent consideration. Payment timing, subsequent adjustments and closing status cannot be inferred from the total.

Attribution
Applies to this relationship; the original document determines the specific legal entities and attribution.
Concentration
A relationship amount and company denominator with matching periods and definitions are not provided

Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.

Complete record and source location

Acquisition of a controlling equity interest in Exaion SAS from EDF Pulse Holding for total consideration of $174.5m (€148.0m), completed Feb 20, 2026 · minority shareholders hold a put option valued at $13.0m

A · Original filing

MARA Holdings, Inc. Form 10-Q for the quarter ended Jun 30, 2026, acquisitions note

Consideration, integration and returns

The excerpts below come from this record. Verify signed status separately from actual completion.

  • Closed on 2026-02-20
Limitations in the original record
  • Minority shareholders hold a put option valued at $13.0m
Inputs still needed to quantify the impact
  • Payment arrangements for cash, notes and contingent consideration
  • Purchase accounting allocation, goodwill and subsequent integration spending
  • The basis for separating incremental cash returns from the existing business

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

  1. Transaction terms

    MARA → Exaion: verify the acquisition scope, closing conditions and composition of the consideration.

  2. Consolidation and integration

    Verify cash paid at closing, seller notes and contingent consideration separately; track identifiable assets, goodwill and subsequent integration spending.

  3. Financial outcomes

    Verify the acquired business's contribution, acquisition cash outflows and capital tied up; recorded goodwill is not distributable cash.

  4. Testing price implications

    Test whether incremental cash returns justify the consideration paid before assessing per-share value; consolidated acquired revenue is not the same as synergy benefits.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

MARA · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.
Operating metricLatest valueDefinition and boundaries
Operating margin ↗2026-06-30 · Research calculation-297.96%
Definition and boundaries

Operating income / revenue × 100

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Net margin ↗2026-06-30 · Research calculation-349.56%
Definition and boundaries

Selected net-income concept / revenue × 100

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Operating cash flow / revenue ↗2026-06-30 · Research calculation-127.95%
Definition and boundaries

Operating cash flow / revenue × 100

Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(CFO − cash purchases of PP&E) / revenue ↗2026-06-30 · Research calculation-136.41%
Definition and boundaries

(Operating cash flow − cash purchases of PP&E) / revenue × 100

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Investment and funding needs

How much cash is required for construction and procurement before delivery?

Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.
Operating metricLatest valueDefinition and boundaries
Cash purchases of PP&E / revenue ↗2026-06-30 · Research calculation8.45%
Definition and boundaries

Cash purchases of PP&E / revenue × 100

Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Show remaining company metrics (2)
Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.
Operating metricLatest valueDefinition and boundaries
Revenue growth YoY ↗2026-06-30 · Research calculation-26.67%
Definition and boundaries

(Current-period revenue / comparable prior-year revenue − 1) × 100

Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

(Net income − operating cash flow) / revenue ↗2026-06-30 · Research calculation-221.61%
Definition and boundaries

(Net income − operating cash flow) / revenue × 100

The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Related companies in the value chain 14 companies · Data-center real estate and compute hosting

Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.

Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology
7 / 7 items
Operating metricLatest valuePeriod / classificationDefinition and interpretation boundariesAnalysis
Revenue growth YoY-26.67%2026-06-30Research calculation(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating margin-297.96%2026-06-30Research calculationOperating income / revenue × 100Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Net margin-349.56%2026-06-30Research calculationSelected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Operating cash flow / revenue-127.95%2026-06-30Research calculationOperating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(CFO − cash purchases of PP&E) / revenue-136.41%2026-06-30Research calculation(Operating cash flow − cash purchases of PP&E) / revenue × 100A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Cash purchases of PP&E / revenue8.45%2026-06-30Research calculationCash purchases of PP&E / revenue × 100Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
(Net income − operating cash flow) / revenue-221.61%2026-06-30Research calculation(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.View full series ↗
Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions
Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately.

Original verification notes

verified-listing-start-covered

Nasdaq listing began as Marathon Patent Group. Earlier patent-licensing period is historical business scope, not Bitcoin mining; OTC predecessor observations excluded.

Financial statements

Reporting period 2026-06-30; filed 2026-08-06. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

Business evidence

Based on value-chain records; original operating disclosures are still needed.

Citations: 3 · Documents: 2 · Duplicate documents are grouped; individual source locations are retained

1MARA Holdings, Inc. Form 10-Q for the quarter ended Jun 30, 2026, acquisitions noteValue-chain archive · 2 citations
References 1

MARA Holdings, Inc. Form 10-Q for the quarter ended Jun 30, 2026, acquisitions note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

References 2

MARA Holdings, Inc. Form 10-Q for the quarter ended Jun 30, 2026, acquisitions note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
3MARA Holdings, Inc. Form 10-Q for the quarter ended Jun 30, 2026, related party and investments noteValue-chain archive

MARA Holdings, Inc. Form 10-Q for the quarter ended Jun 30, 2026, related party and investments note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source
Missing evidence
  • Primary-source coverage of the company’s standalone business analysis and falsification criteria is incomplete.
  • Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.
Unresolved business questions
Which products, customers and revenue categories can be independently verified from primary materials?
Existing relationship records do not represent the entire business; company-level primary evidence for segments, products, customer concentration and key operations remains incomplete.
Relationships
Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version
60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644

ResearchSource document

Sources: 33
01MARA · 10-Q · Filing version 2011-09-14

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
02MARA · 10-Q · Filing version 2014-08-14

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
03MARA · 10-Q · Filing version 2013-08-14

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
04MARA · 10-Q · Filing version 2014-05-15

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
05MARA · 10-Q · Filing version 2014-11-12

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
06MARA · 10-K · Filing version 2015-03-26

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
07MARA · 10-Q · Filing version 2015-05-14

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
08MARA · 10-Q · Filing version 2015-08-14

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
09MARA · 10-Q · Filing version 2015-11-16

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
10MARA · 10-K · Filing version 2016-03-30

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
11MARA · 10-Q · Filing version 2016-05-12

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
12MARA · 10-Q · Filing version 2016-08-15

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
13MARA · 10-Q · Filing version 2016-11-14

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
14MARA · 10-K · Filing version 2017-04-05

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
15MARA · 10-Q · Filing version 2017-05-15

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
16MARA · 10-Q · Filing version 2017-08-14

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
17MARA · 10-Q · Filing version 2017-11-20

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
18MARA · 10-K · Filing version 2018-04-16

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
19MARA · 10-Q · Filing version 2018-05-21

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
20MARA · 10-Q · Filing version 2018-08-14

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
21MARA · 10-Q · Filing version 2018-11-13

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
22MARA · 10-K · Filing version 2019-03-25

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
23MARA · 10-Q · Filing version 2019-05-10

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
24MARA · 10-K/A · Filing version 2024-05-24

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
25MARA · 10-Q · Filing version 2024-05-09

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
26MARA · 10-Q · Filing version 2024-08-01

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
27MARA · 10-Q · Filing version 2024-11-12

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
28MARA · 10-K · Filing version 2026-03-02

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
29MARA · 10-Q · Filing version 2025-05-08

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
30MARA · 10-Q · Filing version 2025-07-29

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
31MARA · 10-Q · Filing version 2025-11-04

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
32MARA · 10-Q · Filing version 2026-05-11

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure
33MARA · 10-Q · Filing version 2026-08-06

The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.

View original disclosure