v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 109,475 $ 391,771
Restricted cash 12,000 12,000
Digital assets, current portion 2,259 4,327
Other receivables 31,026 6,345
Deposits 19,428 18,778
Derivative instrument, current portion 21,046 1,542
Prepaid expenses and other current assets 41,221 35,610
Total current assets 236,455 470,373
Digital assets, net of current portion 3,686,882 3,223,989
Digital assets - receivable, net 1,646,478 960,057
Property and equipment, net 1,634,053 1,549,491
Advances to vendors 6,261 121,298
Investments 134,259 111,493
Long-term deposits 211,345 240,651
Long-term prepaids 12,748 14,221
Operating lease right-of-use assets 32,996 16,874
Derivative instrument, net of current portion 35,040 7,405
Goodwill 82,776 82,751
Intangible assets, net 2,150 2,714
Total long-term assets 7,484,988 6,330,944
TOTAL ASSETS 7,721,443 6,801,317
Current liabilities:    
Accounts payable 9,837 12,556
Accrued expenses 56,803 76,887
Line of credit, current portion 350,000 0
Operating lease liabilities, current portion 1,052 239
Finance lease liability, current portion 173 168
Other current liabilities 23,155 5,347
Total current liabilities 441,020 95,197
Notes payable 2,250,546 2,246,578
Line of credit, net of current portion 0 200,000
Operating lease liabilities, net of current portion 39,722 22,977
Finance lease liability, net of current portion 3,817 3,709
Deferred tax liabilities 178,083 88,503
Other long-term liabilities 12,043 8,411
Total long-term liabilities 2,484,211 2,570,178
Commitments and Contingencies (Note 15)
Equity:    
Preferred stock, par value $0.0001 per share, 50,000,000 shares authorized; no shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, par value $0.0001 per share, 800,000,000 shares authorized; 362,337,906 shares and 340,258,453 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 36 34
Additional paid-in capital 4,542,968 4,155,386
Accumulated earnings (deficit) 248,649 (26,387)
Total stockholders’ equity attributable to MARA 4,791,653 4,129,033
Noncontrolling interest 4,559 6,909
Total equity 4,796,212 4,135,942
TOTAL LIABILITIES AND EQUITY $ 7,721,443 $ 6,801,317

Source

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