v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 391,771,000 $ 357,313,000
Restricted cash 12,000,000 0
Digital assets, current portion 4,327,000 639,660,000
Other receivables 6,345,000 0
Deposits 18,778,000 7,240,000
Derivative instrument, current portion 1,542,000 0
Prepaid expenses and other current assets 35,610,000 25,590,000
Total current assets 470,373,000 1,029,803,000
Digital assets, net of current portion 3,223,989,000 0
Digital assets - receivable, net 960,057,000 0
Property and equipment, net 1,549,491,000 671,772,000
Advances to vendors 121,298,000 95,589,000
Investments 111,493,000 106,292,000
Long-term deposits 240,651,000 59,790,000
Long-term prepaids 14,221,000 27,284,000
Operating lease right-of-use assets 16,874,000 443,000
Derivative instrument, net of current portion 7,405,000 0
Goodwill 82,751,000 0
Intangible assets, net 2,714,000 0
TOTAL ASSETS 6,801,317,000 1,990,973,000
Current liabilities:    
Accounts payable 12,556,000 11,343,000
Accrued expenses 76,887,000 22,291,000
Operating lease liabilities, current portion 239,000 124,000
Finance lease liability, current portion 168,000 0
Other current liabilities 5,347,000 0
Total current liabilities 95,197,000 33,758,000
Notes payable 2,246,578,000 325,654,000
Line of credit 200,000,000 0
Operating lease liabilities, net of current portion 22,977,000 354,000
Finance lease liability, net of current portion 3,709,000 0
Deferred tax liabilities 88,503,000 15,286,000
Other long-term liabilities 8,411,000 0
Total long-term liabilities 2,570,178,000 341,294,000
Commitments and Contingencies (Note 19)
Equity:    
Preferred stock, par value $0.0001 per share, 50,000,000 shares authorized; no shares issued and outstanding at December 31, 2024 and December 31, 2023 0 0
Common stock, par value $0.0001 per share, 500,000,000 shares authorized; 340,258,453 shares and 242,829,391 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 34,000 24,000
Additional paid-in capital 4,155,386,000 2,183,537,000
Accumulated deficit (26,387,000) (567,640,000)
Total stockholders’ equity attributable to MARA 4,129,033,000 1,615,921,000
Noncontrolling interest 6,909,000 0
Total equity 4,135,942,000 1,615,921,000
TOTAL LIABILITIES AND EQUITY $ 6,801,317,000 $ 1,990,973,000

Source

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