Founded
2010 (BTC Pivot 2017)
2010 (BTC Pivot 2017)
Chairman & CEO
Fred Thiel
Fred Thiel
Status
Publicly Traded
Publicly Traded
Ticker
NASDAQ: MARA
NASDAQ: MARA
Market Cap
~$5.7 Billion (July 2026)
~$5.7 Billion (July 2026)
BTC Holdings
35,303 BTC (As of March 31, 2026)
35,303 BTC (As of March 31, 2026)
Core Leadership
Fred Thiel (CEO), Salman Khan (CFO), Jim Crawford (COO)
Fred Thiel (CEO), Salman Khan (CFO), Jim Crawford (COO)
Corporate Office
1010 S. Federal Highway, Suite 2700, Hallandale Beach, FL 33009
1010 S. Federal Highway, Suite 2700, Hallandale Beach, FL 33009
Website
mara.com
mara.com
Product Ecosystem
MARA operates as a diversified Bitcoin technology company. Beyond industrial mining, the firm operates MARA Pool and Slipstream (direct transaction submission). The company incubated Anduro, a multi-chain Layer 2 network. Note: As of Q3 2025, MARA exited its 2PIC (immersion cooling) product line.
Mining & Energy
- Abu Dhabi JV (Zero Two) – 250MW
- Paraguay (Itaipu Dam) Renewable Site
Strategic Value
- Proprietary Firmware/Control Boards
- Global Energy Grid Stabilization
Operational Status
MARA shifted its strategy in early 2026 toward active digital asset management. This transition resulted in the sale of 20,880 BTC during Q1 2026 to optimize liquidity and facilitate debt repurchases, ending the previous “Full HODL” policy.
| Capital Strategy | Active Asset Mgmt (Mix of Hold/Sell) |
| Funding Mechanisms | Public Equity & 0% Convertible Notes |
| Lead Institutional Holders | BlackRock, Vanguard, State Street |
| Key Investment History | Strategic stake in Auradine (Hardware) |
| Major Subsidiaries | MARA Pool LLC, MARA Tech, Inc. |
| Founder Pedigree | Fred Thiel (CEO since 2021; formerly GameTrust) |
Material Litigation Note: MARA has been involved in high-profile litigation, including a 2024 jury verdict awarding ~$138M to Michael Ho, which the company has historically contested and appealed.