MARA Holdings, Inc. (MARA) — Moat, Quality & Fair Value

MARA Holdings, Inc. (MARA) has a None economic moat and a quality score of 12/100. It operates in the Financials sector.

Industry: Digital Assets & Crypto · Financials

Market share (2025): 5.3% of Bitcoin miners, mining rigs & AI hosting

Theme: Crypto & blockchain (core)

Economic moat: None. A none moat indicates no clear structural protection from competition. Learn more about how we classify moats in our guide to economic moats.

Quality score: 12/100. This score combines seven weighted pillars — returns on capital, margin strength, cash generation, financial health, durability, management, and moat & position. See how the quality score works.

The three-tier owner-earnings fair value estimate, price & fair-value chart, financial statements, and complete management evaluation for MARA are available in the MoatScope app (14-day free trial, no card required). New to the framework? Start with the MoatScope guide.

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