MARAvsHUT
Marathon Digital vs Hut 8
Side-by-side Bitcoin treasury comparison: holdings, market cap, mNAV ratio, BTC per share, cost basis, and recent purchases. Numbers refresh every 5 minutes from SEC filings and live market data.
Metric
MARA
HUT
BTC holdings
38,689 BTC
15,679 BTC
Market value of BTC
$3.0B
$1.2B
Average cost per BTC
$70,069.00
—
Total cost basis
$5.9B
—
mNAV (market cap ÷ BTC value)
1.44×
6.94×
Sats per share
10.2k
14.1k
Last disclosed purchase
3/2/2026
11/4/2025
Country
🇺🇸 US
🇨🇦 CA
- 3/2/2026+860 BTC$150.0M
- 11/4/2025+860 BTC$20.9M
- 4/3/2025+1,226 BTC$103.0M
- 3/10/2025+715 BTC$62.5M
- 2/3/2025+766 BTC$74.9M
- 11/4/2025+2,025 BTC$320.0M
MARA vs HUT: frequently asked
Which company holds more Bitcoin, MARA or HUT?▾
Marathon Digital (MARA) holds 38,689 BTC, compared to Hut 8's (HUT) 15,679 BTC — roughly 2.5× more.
What's the total Bitcoin value on the balance sheets of MARA and HUT?▾
MARA holds $3.0B worth of Bitcoin at current market prices. HUT holds $1.2B.
Who has a lower cost basis per BTC, MARA or HUT?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did MARA last buy Bitcoin?▾
MARA disclosed a 860 BTC purchase on March 2, 2026.
When did HUT last buy Bitcoin?▾
HUT disclosed a 2,025 BTC purchase on November 4, 2025.