Should You Buy Marathon Digital Stock in the Philippines in 2025?

What is Marathon Digital?

How much is Marathon Digital stock?

The price of Marathon Digital stock is falling this week. As of now, the stock trades at $14.73, down 5.88% over the past 24 hours and 9.13% for the week. The company’s market capitalization stands at $5.18 billion, with an average 3-month trading volume of 43.04 million shares.

Marathon Digital currently has no price/earnings (P/E) ratio due to reported losses and does not pay a dividend, while its stock beta is 3.09, signaling high volatility.

Given its sensitivity to Bitcoin prices and rapid price swings, this stock may appeal to investors in PH who are comfortable with dynamic, unpredictable markets.

Our full analysis on Marathon Digital stock

Following an intensive review of Marathon Digital’s recent financial disclosures, stock performance across three years, and a synthesis of leading market intelligence, financial indicators, technical signals, and sectoral positioning—integrated through our proprietary analytic frameworks—we present a fresh perspective on this innovative player in digital asset infrastructure. As Marathon Digital’s business accelerates its transformation alongside the broader evolution of Bitcoin mining and digital data integration, significant questions arise: so, why might Marathon Digital stock once again become a strategic entry point into the digital asset ecosystem in 2025?

Recent Performance and Market Context

Over the last twelve months, Marathon Digital (NASDAQ: MARA) has experienced heightened volatility, characteristic of high-beta assets in the digital asset technology sector. As of May 27, 2025, the stock trades at $14.73, representing a 26.6% decline year-over-year and a 43.37% decrease over the past six months. Yet, these headline numbers only tell part of the story. Marathon has shown notable resilience, maintaining a market capitalization of $5.18 billion and holding steady above its key support levels, despite sector-wide corrections triggered by fluctuations in Bitcoin and heightened market risk aversion.

Key positive recent events include:

• Substantial revenue growth: Q1 2025 revenue reached $213.9 million, a robust 30% increase year-on-year.
• Strategic asset acquisitions: Expansion into low-cost, renewable energy sources (notably a 114 MW wind farm in Texas), highlighting ongoing efforts to stabilize operations and lower production costs.
• Operational capacity growth: The company doubled its energized mining hashrate to 54.3 EH/s, outperforming many sector peers.

The global macroeconomic context, particularly the gradual normalization of interest rates in advanced economies and increasing institutional acceptance of Bitcoin, provides a supportive backdrop for both Marathon and its sector. The Philippine investment community, with a rising appetite for high-growth tech ventures and digital asset exposure, may find Marathon’s current position particularly compelling as a cyclical low with structural tailwinds.

Technical Analysis

A nuanced examination of MARA’s technical posture reveals the kind of mid-cycle opportunity that often precedes strong uptrends in high-growth tech stocks.

• Relative Strength Index (RSI): At 49.84, RSI signals neutrality—no overbought or oversold risk—typically an advantageous condition for accumulation.
• MACD (12,26): With a positive value of 0.62, the MACD is generating a nascent buy signal, suggesting building momentum after a period of price stabilization.
• Moving Averages:
• Trading below the 20-, 100-, and 200-day EMAs but above the 50-day EMA, Marathon is technically in a consolidation phase following a sharp correction.
• The $14.58 and $13.51 levels offer clear technical support zones, with $16.18, $16.71, and $17.78 presenting resistance thresholds that, once breached, may signal a new bullish stage.
• Momentum and Structure: MARA’s current technical setup, combined with substantial short interest (26.57% of float), positions it as a candidate for a technical rebound or short squeeze, especially if positive macro or sector-specific news flows materialize.

Fundamental Analysis

Marathon’s story is defined by rare scale, rapid development, and a shift toward operational resilience—all characteristics that are often rewarded in the technology sector’s bullish cycles.

Revenue & Growth

• Revenue growth: Marathon posted a 30% YoY increase in Q1 2025, signaling robust expansion despite considerable market volatility. This growth is notably higher than many traditional tech sector peers.
• Bitcoin holdings and operational leverage: The company’s 47,531 BTC holdings (174% increase YoY, valued at approximately $3.9 billion at quarter-end) provide massive operating leverage to future Bitcoin price gains—a unique strategic asset among public companies.
• Hashrate and efficiency gains: Nearly doubling energized hashrate YoY and a 25% improvement in cost per petahash demonstrate an advanced focus on cost optimization and scale.

Valuation Metrics

While Marathon currently reports a net loss (dragging P/E ratio into the “not available” zone), its price-to-sales (6.91) and price-to-book (1.39) ratios appear attractive for a company with strong asset backing and outsized growth prospects, especially considering the sector average.

Structural Strengths

• Vertical integration: Owning renewable energy assets and proprietary mining pool operations (MARA Pool) advances both operational independence and cost stability.
• Technology initiatives: Investment in Auradine (ASIC chips) and immersion cooling pilots signpost a willingness to lead on infrastructure innovation—key to maintaining sector leadership.
• Liquidity and brand: Holding $4.1 billion in combined cash and Bitcoin ensures operational flexibility and crisis resilience, with the Marathon brand now synonymous with scale and credibility in institutional blockchain infrastructure.

Volume and Liquidity

Marathon’s trading volume consistently averages over 43 million shares per day, easily ranking it among the most liquid tech names by volume on NASDAQ. This:

• Demonstrates robust market confidence and institutional interest
• Supports price discovery and limits slippage for larger trades—making MARA attractive to both retail and professional investors in the Philippines and abroad
• Enables dynamic valuation resets in response to new catalysts

Additionally, with a public float of over 340 million shares and significant short interest (26.57%), Marathon’s share price is well-positioned for outsized moves in response to favorable news or shifts in sector momentum.

Catalysts and Positive Outlook

Several concrete growth catalysts underpin a constructive forward view for Marathon Digital:

• AI and data center expansion: Transitioning to more diversified “digital infrastructure” revenues, including AI inference workloads and edge computing, expands total addressable market and reduces dependency on Bitcoin-only cycles.
• ESG and vertical integration: Ownership of a 114 MW wind farm and gas-to-power operations underpin ESG credentials—critical as environmental considerations become increasingly central to technology sector capital flows.
• Technology leadership: Proprietary 2PIC cooling systems (with a 30 MW pilot), domestic chip manufacturing partnerships (via Auradine), and a mining pool outperforming network averages by 10% collectively position Marathon as a technology leader.
• Geographical diversification: Expansion plans targeting a 50/50 split between U.S. and international operations further reduce regional risk.
• Bitcoin adoption tailwinds: Any resumption in Bitcoin’s price momentum or adoption, a scenario increasingly likely amid institutional onboarding and ongoing innovation, materially enhances Marathon’s revenue and balance sheet strength.

Importantly, the company’s substantial BTC inventory provides latent upside, offering potential for rapid re-rating if digital asset sentiment shifts. Sector regulation, while a headline risk, may also serve as a longer-term positive as clarity drives institutional adoption and barriers to entry rise.

Investment Strategies

Marathon Digital’s current setup offers merit for a variety of entry strategies, with positioning value for short-, medium-, and long-term investors:

• Short-term entry: With the stock trading at only 48% of its 52-week high and resting just above vital support ($14.58), tactical investors seeking exposure to a potential short squeeze or technical bounce might consider MARA as it consolidates above this floor.
• Medium-term entry: Investors anticipating sector re-rating due to catalysts such as U.S. spot Bitcoin ETF flows, Bitcoin halving supply shocks, or upcoming international expansion projects may recognize MARA’s current valuation as a strategic “setup” for mid-cycle outperformance.
• Long-term positioning: For investors seeking leveraged exposure to a multi-year blockchain and digital infrastructure growth narrative—with the added hedge of direct BTC holdings—Marathon’s current price-to-assets and growth profile seem particularly compelling at these levels.

Ideal positioning may coincide with confirmation of a bullish MACD cross and a move above the 20-day EMA ($15.02), or even preemptively near current supports for those with a conviction on the turnaround case.

Is it the Right Time to Buy Marathon Digital?

Bringing together the structural strengths, technical positioning, and fundamental opportunities, Marathon Digital stands out as a technology-driven growth story at an inflection point:

• Unique scale and strategic positioning with 47,531 BTC—making it one of the world’s largest digital asset holders, conferring unparalleled leverage to future upside in Bitcoin adoption.
• Operational excellence: 95% YoY hashrate growth, 25% efficiency gains, and strategic vertical integration set Marathon apart in a consolidating sector.
• Liquidity depth and trading volume facilitate efficient entry and exit, critical for both retail and institutional investors in a rapidly evolving digital asset landscape.
• Concrete near-term catalysts: Ongoing technology deployments, expansion into AI and edge computing, new ESG-aligned power assets, and scope for international growth—all suggest sustained multi-year momentum.
• Valuation support: Despite near-term losses, price-to-assets and price-to-sales multiples remain attractive on an underlying asset and growth basis, especially relative to disruptive tech peers. Analyst consensus points nearly 30% higher from current levels.

The convergence of technical support, significant short interest, operational upgrades, and imminent sector catalysts means that, while volatility remains high, the risk-reward profile on Marathon Digital is skewing more favorably as we advance into the second half of 2025. For Philippine investors seeking exposure to the intersection of digital assets, infrastructure innovation, and sustainable energy, MARA seems to represent an excellent opportunity to capture upside from the evolving digital transformation narrative.

In conclusion, Marathon Digital’s rare combination of scale, innovation, and market timing makes its current positioning particularly attractive for those confident in the structural expansion of digital asset adoption. As the sector matures and Marathon’s operational and strategic advances continue to bear fruit, this stock may well be entering a new bullish phase—presenting an opportunity for investors poised to benefit from the next chapter of digital infrastructure growth.

How to buy Marathon Digital stock in the PH?

Buying Marathon Digital stock online is simpler and safer than ever, especially when you choose a regulated broker. For Philippine investors, the two main methods are direct (spot) buying—where you own actual MARA shares—and trading via Contract for Difference (CFDs), which lets you speculate on price movements without owning the underlying stock. Each method has its own advantages and risk profile. To help you make the right choice, we've outlined both methods below—be sure to check our broker comparison further down this page before opening your account.

Spot Buying

A spot or cash purchase means you become the actual owner of Marathon Digital shares, which are held securely in your brokerage account. This straightforward method is ideal for long-term investors who want to participate fully in the company’s performance. Generally, Philippine brokers charge a fixed commission per order (often between $3 to $7 USD, or around ₱170 to ₱400), plus possible minor fees for currency exchange if you deposit in PHP.

Example with a $1,000 stake

If the Marathon Digital share price is $14.73, you can buy approximately 67 shares with a $1,000 investment, factoring in a typical $5 brokerage fee.

Gain scenario: If the share price climbs 10% to $16.20, your 67 shares would be worth about $1,100.
Result: That’s a +$100 gross gain, or +10% on your original investment.

Trading via CFDs

CFD trading allows you to speculate on Marathon Digital’s price movements without actually owning the stock. CFDs are popular for their flexibility: you can trade on rising or falling prices, use leverage to magnify potential returns, and enter or exit positions quickly. Philippine CFD brokers usually charge a spread (the difference between buy and sell price) and overnight financing fees if you hold positions longer than a day.

Example with a $1,000 stake and 5x leverage

You open a CFD position for MARA with 5x leverage, giving you $5,000 in market exposure.

Gain scenario: If the stock rises 8%, your position gains 8% × 5 = 40%.
Result: That’s a +$400 profit on your $1,000 margin (excluding transaction and financing fees).

Final Advice

Before investing, always compare broker fees, platform features, and support suited for Philippine residents—details are available in the comparator further down this page. Whether you choose spot buying for long-term growth or CFD trading for flexible, leveraged strategies depends on your financial goals and risk appetite. Empower yourself by choosing the method and broker that best align with your objectives as a growing investor!

Our 7 tips for buying Marathon Digital stock

The latest news about Marathon Digital

Marathon Digital reported a 30% year-over-year revenue increase in Q1 2025, reaching $213.9 million. This strong revenue growth demonstrates the company's operational resilience despite the broader volatility in cryptocurrency markets. For investors in the Philippines with exposure to US stocks or a keen interest in global digital asset infrastructure, such a revenue surge signals robust demand for Marathon’s mining and digital infrastructure services, further validated by a 174% year-over-year increase in Bitcoin holdings and a record 2,286 BTC mined in the quarter.

Strategic acquisitions of clean energy assets are supporting Marathon’s cost competitiveness and ESG credentials. Recent acquisitions, including a 114 MW wind farm in Texas and the full energization of 25 MW gas-to-power operations, have enabled Marathon to reduce its energy costs to $35,728 per BTC for owned sites, with a competitive electricity cost of $0.04/kWh. These moves align with the growing demand for sustainability among institutional investors, which is of increasing relevance to Philippine asset managers and funds that integrate ESG ratings in their global portfolios.

The stock has seen a positive technical MACD crossover and is consolidating above its 50-day EMA, hinting at potential upward momentum. While the stock is still trading below its 20-, 100-, and 200-day EMAs, the neutral RSI (49.84) combined with a positive MACD (0.62 buy signal) may appeal to technical traders in the Philippines looking for tactical entries based on momentum signals. The ongoing consolidation phase, especially following a steep drawdown, is often seen as a base-building period ahead of a potential technical breakout.

Consensus among 17 covering analysts sets a target price of $20.04, about 30% above current levels. This target offers significant potential upside for Philippine investors trading US equities via global brokers. Despite short-term volatility and the company’s reported net loss (largely attributable to mark-to-market losses on Bitcoin holdings), analysts anticipate improved fundamentals as Marathon’s vertical integration and cost minimization strategies take effect, providing optimism for medium-term recovery in share value.

Long-term growth initiatives include international expansion and diversification into AI and data center services, which may expand relevance in Asia Pacific markets. Marathon’s roadmap for a 50/50 operational split between the US and international regions, plus efforts to develop data center solutions and edge inference computing, open the door for potential partnerships or project participation in Asia, including the Philippines. As the digital ecosystem across Southeast Asia develops, Marathon’s expansion and diversification strategies may ultimately offer both direct and indirect opportunities for regional investors, service providers, and technology adopters.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.