MARA Holdings (MARA) Capital Expenditures (2012 - 2026)
MARA Holdings' (MARA) quarterly Capital Expenditures came in at $14.8 million in Q2 2026, down 87.57% year-over-year from $118.9 million in Q2 2025, and down 81.41% quarter-over-quarter from $79.5 million in Q1 2026.
Analysis
MARA Holdings (MARA) Capital Expenditures (2012 - 2026) Analysis & Trends
MARA Holdings has disclosed Capital Expenditures across 15 years of filings, most recently posting $14.8 million for Q2 2026.
- In Q2 2026, Capital Expenditures fell 87.57% year-over-year to $14.8 million; the TTM figure through Jun 2026 stood at $343.6 million (down 10.12% YoY), while the FY2025 annual figure was $407.1 million, up 62.29% from the prior year.
- Capital Expenditures came in at $14.8 million for Q2 2026 at MARA Holdings, down from $79.5 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $186.5 million in Q4 2024 to a low of $1.8 million in Q4 2023.
- Average Capital Expenditures over 5 years is $45.6 million, with a median of $17.2 million recorded in 2023.
- Year-over-year, Capital Expenditures tumbled 91.55% in 2023 and jumped 10273.86% in 2024.
- Over 5 years, Capital Expenditures stood at $21.3 million in 2022, then plunged by 91.55% to $1.8 million in 2023, then jumped by 10273.86% to $186.5 million in 2024, then retreated by 11.82% to $164.5 million in 2025, then slumped by 91.01% to $14.8 million in 2026.
- Per Business Quant data, the three most recent Capital Expenditures figures were $14.8 million in Q2 2026, $79.5 million in Q1 2026, and $164.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | 2.15 Bn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | 1.33 Bn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | 4.00 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | 60.73 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | 14.78 Mn |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | 6.10 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -265.99 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | 43.09 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 14.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.78 Mn |
| Mar 31, 2026 | 79.52 Mn |
| Dec 31, 2025 | 164.47 Mn |
| Sep 30, 2025 | 84.83 Mn |
| Jun 30, 2025 | 118.92 Mn |
| Mar 31, 2025 | 38.86 Mn |
| Dec 31, 2024 | 186.52 Mn |
| Sep 30, 2024 | 37.99 Mn |
| Jun 30, 2024 | 17.22 Mn |
| Mar 31, 2024 | 9.09 Mn |
| Dec 31, 2023 | 1.80 Mn |
| Sep 30, 2023 | 2.50 Mn |
| Jun 30, 2023 | 6.05 Mn |
| Mar 31, 2023 | 17.27 Mn |
| Dec 31, 2022 | 21.28 Mn |
| Sep 30, 2022 | 6.08 Mn |
| Jun 30, 2022 | 7.22 Mn |
| Mar 31, 2022 | 6.53 Mn |
| Dec 31, 2021 | 243.11 Mn |
| Sep 30, 2021 | -35.83 Mn |