On this page of Benford's Law Stocks.com we present our study of MARATHON DIGITAL HOLDINGS, INC. — ticker symbol MARA. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 2/28/2024 to 5/8/2025 for MARATHON DIGITAL HOLDINGS, INC. under CIK number 0001507605. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for MARA, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for MARATHON DIGITAL HOLDINGS, INC. based on the past MARA filings our system processed in the past.
Benford Chart for MARA 10Q Filed 5/8/2025
26.7
23.0
17.3
8.2
6.5
4.8
2.8
6.8
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, MARA stockholder letter ]
Total numbers found: 643
Recent share count: 351,927,748 (3's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
643
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 6 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for MARA = 79
79

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 2's percentage was above the company's typical historical range.
 • We deducted points upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 3's percentage was above the company's typical historical range.
 • We deducted points upon observing the 6's percentage was below the company's typical historical range.
 • We deducted points upon observing the 7's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 7's percentage was below the company's typical historical range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the company's typical historical range.
MARA's Score Vs. Typical Stock
Benford's Law Stocks Indicator
MARA
Normal score compared to other filers, falling within the middle 50%.
Other Stocks Ranking Near MARA
ICHR
JBHT
MRNA
MRVL
 INDI
LMFA
MGYR
MRNS
Check our work! We provide our MARATHON DIGITAL HOLDINGS, INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the MARA filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 172 numbers that start with the digit 1. Here they are:
196,215
12,000
12,000
18,778
1,542
1,164,189
1,566,069
1,549,491
134,045
121,298
137,214
111,493
14,194
14,221
16,874
14,703
12,556
168
168
15,091
11,840
165,198
19,794
15,814
157,897
15,252
116,067
11,995
1,256
13
1,259
111,552
119,172
1.55
1.30
1.55
1.26
1,741,090
100,140
100,140
100,140
1,148,688
1,615,921
1,615,921
16,535
16,535
16,535
157,897
112,115
12,429
15,252
13
1,259
145,021
183,815
19,444
100,140
16,535
150,000
195,556
18.26
10.14
114
1.0
10.9
189.6
19.6
175,734
189,647
132,148
10,989
13,940
13,992
189,647
168,291
1.30
1.25
10,789
13,442
1,151
14,721
199,163
121,997
165,198
14,269
1,177,666
10,374
150.0
1,177,666
13,477
1,164,189
13.5
134.0
121.3
1,708,853
1,705,648
111,794
106,784
177,200
124,900
11,129
157,954
1,566,069
1,549,491
154.8
137,214
111,493
1.3
1.2
11.9
1.4
129,267
129,267
1,164,189
1,164,189
15,255
15,255
1,676,544
1,974,398
13,484,103
104,772,093
1.55
1.30
1.55
1.26
1.5
100.1
15.44
14.64
114,018
16.49
1,399,765
14.67
15.33
16.17
133.9
1
1
1.0
1.0
1,000,000
1.0
1.0
18.89
10.5
150.0
150.0
16,874
19,751
168
168
1,012
145
16
1,776
168
173
178
183
189
15.3
10,000
15,255
100
138.8
1.2
196,215
12,000
10,000
12,145
1.9
13,000
We found 148 numbers that start with the digit 2. Here they are:
22,744
21,072
28,069
291,826
2,745,302
240,774
240,651
27,335
2,432
2,714
23,612
239
2,248,549
2,246,578
200,000
22,977
2,347,396
2,570,178
26,387
213,884
26,828
2,510
22,097
2,466
204,506
2,573
2,474
2,944
244
259,098,664
267,912,443
26,387
20,362
20,362
20,362
2,712
2,712
244
242,829,391
24
2,183,537
2,312,768
24,663,351
268,944,172
27
2,707,333
230,467
2,476,893
2,476,893
2,944
26,828
22,097
2,303
250,230
215,488
225,166
25,000
27,131
2,786
2,999
209,846
20,362
229,778
208,215
26,828
2.5
240
20,411
22,000
240,008
22,429
24.0
22.1
22.0
2,781
20,775
213,884
2,403,662
2,745,302
2,415,963
2,817,297
2,822,921
2,997
279,762
263.5
259.4
26,530
26,530
2,297,459
2,143,175
2
20
2.6
20.0
2.7
2.3
2,748,400
2,748,400
292,927
292,927
2,248,549
2,246,578
249
259,098,664
259,098,664
267,912,443
2.0
2.6
2,394,921
249
2,260,612
28.80
25.00
24,323
24,792
292,287
292,014
200,000
2,598,549
2,446,578
2,298,549
2,446,578
2.125
2.125
291,595
2.6
25.91
200.0
200.0
284.8
269.5
27,335
2,870
2,877
239
22,977
27,093
204
22,282
23,186
23,446
23,406
23.5
2,883
20.0
22.3
208,215
2,500
We found 111 numbers that start with the digit 3. Here they are:
351,927,748
391,771
3,098
35,610
3,223,989
300,000
368,370
33,298
3,709
3,709
346,279,403
340,258,453
34
34
3,724,727
3,953
3,728,680
394,162
3,095
369,704
375,224
38,051
337,173
337,173
344,098,009
344,098,009
340,258,453
34
346,279,403
34
3,724,727
3,953
3,728,680
3
337,173
337,173
337,173
337,173
37,556
36,344
38,856
3,472
33,045
357,313
324,268
35.8
35,775
3.3
390
30,852
3.6
374,060
3.125
33,263
3,055,340
3,922,968
3,098
3,056,196
3,926,066
34,519
3,223,989
34,817,098
3,250
350.0
3,510
3,510
3,316
3,316
3.3
3
3.1
35,775
35,775
3,228,316
3,228,316
324,375
324,375
324,375
337,173
344,098,009
337,173
338,158
344,098,009
344,098,009
3,607,080
324,375
350,000
300,000
300.0
300,000
3
34.58
3,250
350.0
3
30,205
33,298
3,709
3,709
38,047
3,190
33,151
34,170
3,877
324,268
324,268
3,518
325,296
3,273
3,250
33,500
4's 5's 6's
We found 53 numbers that start with the digit 4. Here they are:
4,327
470,373
45,750
4,284,279
4,155,386
4,129,033
4,135,942
43,481
488,807
4,155,386
4,129,033
4,135,942
49,115
49,115
49,115
4,284,279
489,290
489,293
489,293
488,807
49,115
4,098
44,770
416,591
489,293
471,886
403,771
49.2
48.2
43,201
47,531
401,334
44,893
4,192,425
4,327
4,196,752
4
4,472,357
4,341,422
49.05
49,115
48.9
4
4,499
4
492
438
4,962
4,927
4,759
47,707
485.7
468.1
We found 42 numbers that start with the digit 5. Here they are:
5,347
50,000
50,000,000
559,586
541,063
5,520
533,443
533,199
5,428,548
533,199
533,199
533,443
559,586
567,640
51,041
51,041
51,041
533,443
510,229
51,913
5,832
50,361
5,624
51
568,810
593,684
51,267
57,447
54,046
51.3
533,199
533,199
533,199
5,428,548
5,585,251
51.06
5,858,317
51,913
51,913
57.2
59,615
5,220,713
We found 31 numbers that start with the digit 6. Here they are:
6,345
6,152,620
6,330,944
6,444,446
6,801,317
6,489
6,909
6,444,446
6,801,317
6,088
68,183
69,566
68,906
652,615
6,909
6,250
6.25
651,678
6,892
608,856
688,674
6,908
6,335
66,900
66,811
67,492
6,892
6.9
67,321
6,000,000
69,465
7's 8's 9's
We found 18 numbers that start with the digit 7. Here they are:
7,405
76,887
754,947
7,293
7.7
7,377
7,879
71,396
731,390
78.0
7,988,767
73.1
747.5
728,082
76.17
7
7.2
7.2
We found 44 numbers that start with the digit 8. Here they are:
8,628
82,751
82,751
872
88,503
8,411
800,000,000
85,865
81,602
861,338
81,602
88,340
8,675
8,000
872
8.6
8,947
8,081
8,506
8,852
8,984
856
8,379
8.4
86,877
85,947
85.4
8,947
8,947
8,138
8,138
8,856,663
82,106,952
800,000,000
8,869,905
8.85
872
88,907
89,798
85,921
8,138
85.4
84,685
8,814
We found 24 numbers that start with the digit 9. Here they are:
960,057
95,197
9,298
9,941
97,432
9,088
9.3
968,436
968,436
960,057
90,265
960,057
960,057
985
9,375
980,617
979,642
908,745
908,111
925.0
925,000
979,176
907,908
97
While the above MARA 10Q Filed 5/8/2025 is interesting in isolation, we have found that it is also useful to take a look at older MARATHON DIGITAL HOLDINGS, INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/8/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical MARA 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 5/8/2025
26.7
23.0
17.3
8.2
6.5
4.8
2.8
6.8
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL? ✓  [ original filing ]
Total numbers found: 643

■ = Typical MARA range from 2/28/2024 to 5/8/2025
10Q Filed 8/1/2024
30.5
20.9
11.9
8.2
6.4
6.7
5.0
6.4
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ✓  [ original filing ]
Total numbers found: 698

■ = Typical MARA range from 2/28/2024 to 5/8/2025
10K Filed 3/3/2025
28.8
19.7
13.5
7.6
7.4
8.3
5.0
6.0
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 1,025

■ = Typical MARA range from 2/28/2024 to 5/8/2025
10Q Filed 5/9/2024
28.7
21.2
15.6
7.3
7.6
4.8
5.6
5.4
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL? ✓  [ original filing ]
Total numbers found: 463

■ = Typical MARA range from 2/28/2024 to 5/8/2025
10Q Filed 11/12/2024
31.3
20.0
16.5
7.7
6.9
6.7
3.0
4.8
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 729

■ = Typical MARA range from 2/28/2024 to 5/8/2025
10K Filed 2/28/2024
32.2
19.8
13.8
7.5
6.0
7.2
5.8
4.1
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL? ✓  [ original filing ]
Total numbers found: 814

■ = Typical MARA range from 2/28/2024 to 5/8/2025
IHT 10Q Filed 6/20/2025:
80
AIMAU 10Q Filed 6/20/2025:
57
LVPA 10Q Filed 6/20/2025:
0
RMCF 10K Filed 6/20/2025:
65
CYAN 10K Filed 6/20/2025:
63
XAIR 10K Filed 6/20/2025:
91
ACN 10Q Filed 6/20/2025:
91
MDT 10K Filed 6/20/2025:
94
SWBI 10K Filed 6/20/2025:
97
MODD 10K Filed 6/20/2025:
98
ORCL 10K Filed 6/18/2025:
96
SJM 10K Filed 6/18/2025:
98
GSIT 10K Filed 6/18/2025:
84
GMS 10K Filed 6/18/2025:
87
VNCE 10Q Filed 6/17/2025:
54
KIRK 10Q Filed 6/17/2025:
46
VTGN 10K Filed 6/17/2025:
63
LZB 10K Filed 6/17/2025:
80
SNOA 10K Filed 6/17/2025:
81
POWW 10K Filed 6/16/2025:
89
GDST 10K Filed 6/16/2025:
74
BCTX 10Q Filed 6/16/2025:
94
PURE 10Q Filed 6/16/2025:
77
RFIL 10Q Filed 6/16/2025:
97
STRM 10Q Filed 6/16/2025:
86
ZEO 10Q Filed 6/16/2025:
89
NMEX 10Q Filed 6/16/2025:
32
APPS 10K Filed 6/16/2025:
94
NOBH 10Q Filed 6/16/2025:
64
GLAI 10K Filed 6/16/2025:
51
CODA 10Q Filed 6/16/2025:
87
VGES 10Q Filed 6/16/2025:
65
NVAC 10Q Filed 6/13/2025:
78
ODYY 10Q Filed 6/13/2025:
36
COPR 10Q Filed 6/13/2025:
82
HFUS 10Q Filed 6/13/2025:
35
ZDGE 10Q Filed 6/13/2025:
87
AZO 10Q Filed 6/13/2025:
90
HMMR 10Q Filed 6/13/2025:
40
CLEV 10Q Filed 6/13/2025:
39
 

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