MARAMARA Holdings
MARA is an energy and digital infrastructure company focused on acquiring, managing, and allocating energy to its highest-value uses. 10-K, Item 1
- Headquarters
- Hallandale Beach, FL
- CEO
- Frederick G. Thiel
- Next results
- around Feb 25, 2027
What changed
10-K filed Mar 2, 2026 against Mar 3, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 43 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Auditor change | 8-K item 4.01 (change in certifying accountant) filed 2025-03-10 | 10-K · XBRL |
| Critical audit matters changed | New this year: Bitcoin Mining Revenue (“As described in Note 4 to the consolidated financial statements, the Company recorded $907 million of revenues during the year ended December 31, 2025, of which $839.2 million related to the Company providing bitcoin transaction verification services to the transaction requester, in addition to the ”); Existence of and Rights to Bitcoin Digital Assets (“As described in Notes 2 and 5 to the consolidated financial statements, the Company has investments in bitcoin digital assets. As disclosed by management, digital assets are controllable only by the possessor of both the unique public key and private key relating to the local or online digital walle”). No longer listed: F-2; Table of Contents; Revenue Recognition from Mining Operations; Assets Acquired and Liabilities Assumed in Business Combinations; Table of Contents. Same as last year: F-3 | 10-K · XBRL |
| Accounting checks | 6 other checks clear, 2 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 10 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Mar 2, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-03-03. Quoted as filed.
Our bitcoin lending and other digital asset management activities expose us to credit, market, liquidity and operational risks, and a material portion of our bitcoin holdings is subject to these risks. We generate income through bitcoin lending arrangements. As of December 31, 2025, approximately 9,377 bitcoin were loaned to third…
10-K, Item 1A
Accounting checks
latest 10-K6 of 8 clear 2 worth a look. Checks, not verdicts.
- !Auditor change8-K item 4.01 (change in certifying accountant) filed 2025-03-10
- !Critical audit matters changedNew this year: Bitcoin Mining Revenue (“As described in Note 4 to the consolidated financial statements, the Company recorded $907 million of revenues during the year ended December 31, 2025, of which $839.2 million related to the Company providing bitcoin transaction verification services to the transaction requester, in addition to the ”); Existence of and Rights to Bitcoin Digital Assets (“As described in Notes 2 and 5 to the consolidated financial statements, the Company has investments in bitcoin digital assets. As disclosed by management, digital assets are controllable only by the possessor of both the unique public key and private key relating to the local or online digital walle”). No longer listed: F-2; Table of Contents; Revenue Recognition from Mining Operations; Assets Acquired and Liabilities Assumed in Business Combinations; Table of Contents. Same as last year: F-3
- ✓No statement of substantial doubt about going concern
- ✓No 8-K item 4.02 in the last 2 years
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 2.06 in the last 2 years
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Nov 9, 20268-K Quarterly results 8-K item 2.02
- Nov 9, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
- Oct 31, 2026SEC letter SEC asked 189 questions about Form 10-K for the Fiscal Year Ended December 31, 2021 letters 2022-04-08 to 2024-06-13 · Crypto assets, Revenue, Results discussion (MD&A)
- Oct 31, 2026SEC letter SEC asked 1 question about Form S-3 letters 2019-06-26 to 2019-07-15 · Revenue, Crypto assets · no closing letter yet
- Oct 31, 2026SEC letter SEC asked 1 question about Schedule 14A letters 2018-01-11 to 2018-01-17 · Crypto assets
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