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FORT LAUDERDALE, Fla.—Khan Salman Hassan, Chief Financial Officer of MARA Holdings, Inc. (NASDAQ:MARA), a $4.7 billion market cap company trading at a P/E ratio of 7.8x, recently executed a series of stock transactions as disclosed in a Form 4 filing with the Securities and Exchange Commission. On March 3, Hassan sold 16,700 shares of MARA Holdings’ common stock at an average price of $15.31 per share, amounting to a total sale value of $255,677. This transaction was carried out under a Rule 10b5-1 trading plan established in November 2024. According to InvestingPro data, MARA’s stock has shown significant volatility, with analysts maintaining a moderate buy consensus and a potential upside of 67%.
Additionally, on February 28, Hassan had 30,946 shares withheld to cover tax liabilities related to the vesting of restricted stock units, a transaction valued at approximately $567,549 at a price of $18.34 per share. This was not an open market sale. Following these transactions, Hassan directly owns 1,773,788 shares of the company. Indirectly, he holds 309,925 shares through the S & N Khan Family Trust, of which he and his spouse are trustees.
In other recent news, Marathon Digital Holdings reported a robust performance for the fourth quarter of 2024, significantly exceeding earnings expectations. The company posted earnings per share of $1.24, surpassing the forecast of -$0.16, and revenue reached $214.4 million, exceeding the anticipated $180.74 million. Additionally, Marathon Digital announced a 4% increase in daily bitcoin production for February 2025, despite facing a 6% decrease in the number of blocks won and total BTC produced. The company is also nearing the completion of a new 40-megawatt data center in Ohio, which will house over ten thousand S21 Pro immersion miners. Piper Sandler recently adjusted the price target for Marathon Digital’s stock to $30, while maintaining an Overweight rating, following the company’s stronger-than-expected performance. Furthermore, Marathon Digital has updated its equity incentive plans, introducing new award agreements for restricted stock units and performance-based RSUs. These developments are part of Marathon Digital’s strategy to solidify its position in bitcoin mining and expand into energy generation and AI markets.
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