Compare Marathon Digital Holdings Inc (MARA) vs ON Holding AG (ONON) Price & Performance

Marathon Digital Holdings IncTrade

ON Holding AGTrade

Price performance (Past 24H)

Key statistics

Marathon Digital Holdings Inc vs ON Holding AG — how do they compare? Marathon Digital Holdings Inc trades at $9.97 (market cap $3.74B), while ON Holding AG trades at $31.15 (market cap $10.33B). The key difference: ON Holding AG is far larger — about 2.8× Marathon Digital Holdings Inc's market cap, and Marathon Digital Holdings Inc is trading nearer its 52-week high, ON Holding AG nearer its low. Which is the better fit depends on your goals.

	MARA	ONON
Market Cap	$3.74B	$10.33B
Sector	Technology	Technology
52-Week High	$22.84	$50.63
52-Week Low	$6.73	$30.91
Enterprise Value	$5.78B	$9.47B

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Aura AI Summary

Signals from Pluang's Aura AI — not financial advice

Marathon Digital Holdings Inc

Marathon Digital Holdings (MARA) trades at $9.95, up 4.08% today but remains under pressure with a bearish technical signal. The company reported a Q2 2026 net loss of $1.60 per share, missing estimates, as revenue fell to $804 million with a net income margin of -429.71%. Despite negative cash flow from operations, MARA is pivoting toward AI digital infrastructure, appointing new directors to support growth. Analyst consensus is mixed with a $16.08 price target but high volatility persists.

MARA's outlook is challenged by persistent losses and high execution risk in its strategic shift, though its low P/E of 3.37 suggests deep value if the AI pivot succeeds. Key risks include Bitcoin price sensitivity, competitive pressures, and cash burn. Investors should weigh the 50% buy rating against fundamental weaknesses before considering a position.

ON Holding AG

No Aura AI signal available yet.

Aura AI is an analytical signal, not financial advice — do your own research.

Returns comparison

Trailing returns across standard periods

Top news

Latest headlines on both assets

MARA

MicroStrategy stock down 75% but analysts see 139% upside on bitcoin rebound hopes24/7 Wall Street · 1 day agoNeutral Bitcoin miners' stocks drop 5-6% amid Strategy's Bitcoin and stock sales, weighing on crypto sentiment.24/7 Wall Street · 2 days agoBearish View details →

ONON

On Holding AG stock drops 20% after Q2 revenue miss; DTC sales surge 26% offsets weak wholesale growthAlex Lavoie · 17 hours agoBearish On Holding AG shares drop after lowering FY26 revenue growth forecast to low 20s percentSeeking Alpha · 21 hours agoNeutral Nasdaq leads gains as weak payrolls lower Fed hike odds; CPI report Wednesday will be key.FXEmpire · 2 days agoNeutral View details →

About Marathon Digital Holdings Inc

Marathon Digital Holdings, Inc. is one of the largest publicly traded Bitcoin mining companies in North America. The company focuses on building and operating large-scale, cost-efficient Bitcoin mining facilities. Marathon's strategy centers on increasing its mining hash rate and using sustainable energy sources to expand its Bitcoin production. The company's performance is closely tied to the price of Bitcoin and the overall health of the digital asset mining industry.

About ON Holding AG

ON Holding AG is a Swiss sports company primarily known for its high-performance running shoes, apparel, and accessories under the 'On' brand. The company emphasizes a blend of high-end design, proprietary cloud technology (like CloudTec cushioning), and sustainability in its products. On has rapidly gained market share globally, appealing to both competitive athletes and general consumers in the performance and lifestyle footwear segments.