MASHINIi

MARA Holdings, Inc..

MARA.US | Other information technology and computer service activities

MARA Holdings, Inc. is a digital asset technology company. The company is focused on bitcoin mining, and the generation of digital assets. They operate data centers and develop proprietary technology for bitcoin mining. The company aims to increase its bitcoin mining hash rate and bitcoin holdings. ...Show More

Ethical Profile

Mixed.

MARA Holdings, Inc. faces scrutiny over its Bitcoin mining operations, with reports linking its Granbury, Texas facility to noise pollution (72-91 decibels) and adverse health effects like hypertension and seizures. Critics also point to increased air pollution from Bitcoin mining. The company reported 914,393 mtCO₂e in Scope 2 and 1,750,158 mtCO₂e in Scope 3 emissions in 2023, receiving a 'D' CDP score. However, MARA has invested in a Texas wind farm, sourcing 79% of energy from wind RECs at one facility, and is building a sound wall. A pilot project in Finland aims to use recycled heat for communities.

Value Scores

Better Health for All-80
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

-80

MARA Holdings' core business of Bitcoin mining has severe, widespread negative health impacts. Its facility in Granbury, Texas, generates noise pollution with decibel readings up to 91, leading to numerous reported adverse health effects among residents, including hypertension, heart palpitations, migraines, tinnitus, vertigo, hearing loss, pulmonary embolism, and seizures.

1
The company's operations also contribute to increased climate pollution from fossil fuel-based energy and can displace access to electricity for essential uses, particularly in low-income communities.
2
Nearly half of Ethiopia's population lacks reliable electricity, and crypto mining exacerbates energy shortages in regions like Abkhazia.
3
Low-income residents near the Granbury facility are disproportionately affected by noise pollution, and the noise causes stress and anxiety.
4
The company's revenue is entirely derived from Bitcoin mining, an activity with established negative health outcomes. There is evidence of noise violations and a lack of transparency regarding the extent of noise and its potential health impacts.
5

Fair Money & Economic Opportunity

0

MARA Holdings, Inc. is primarily a digital asset technology company focused on bitcoin mining and does not offer lending or deposit services to consumers.

1
Therefore, most KPIs related to consumer financial products, pricing, fees, lending, debt, and customer-specific financial outcomes are not applicable. However, the company launched the Mara Academy in September 2022 to advance digital financial literacy and create a talent pipeline in Africa, targeting 1 million people.
2
While this is a financial literacy initiative, the rubric's positive tiers for this KPI are based on the percentage of *customers* reached, which is not applicable to MARA's business model or the academy's target audience. The '0' tier states 'No financial education programs as company is not in financial services', but MARA *does* offer a program.
3
Given the lack of a direct fit for customer-based percentages, and the company's primary business not being financial services, a neutral score is assigned for this specific KPI, acknowledging the program's existence without being able to quantify its reach against a customer base as defined by the rubric.

Fair Pay & Worker Respect

0

MARA Holdings, Inc. reported a CEO-to-median employee pay ratio of 141:1 for the fiscal year ending 2024.

1
As of December 31, 2024, the company had approximately 152 full-time employees.
2
Eligible employees receive fully paid medical, dental, and vision insurance, along with paid vacation and sick leave.
3
The company maintains an equity incentive plan under which eligible employees can receive equity grants.
4
MARA compares salary and wages against quantitative benchmarks to ensure competitive compensation and maintains a process for ensuring pay equity.
5

Fair Trade & Ethical Sourcing

0

The provided articles for MARA Holdings, Inc. (MARA.US) do not contain specific, quantitative data points for any of the 'Fair Trade & Ethical Sourcing' KPIs. The company's business is focused on bitcoin mining and digital assets. While some articles mention general ESG initiatives and reporting, they do not provide information on fair-trade certifications, supplier audit frequencies, substantiated forced or child labor incidents, supply chain traceability coverage, remediation speed for violations, ethical clause coverage in supplier contracts, share of spend on high-risk materials, or supplier diversity spend.

1
, which discusses textile certifications and animal welfare, appears to be from a different company (Mara Hoffman) and is not relevant to MARA Holdings, Inc.
2

Honest & Fair Business

0

The provided articles focus exclusively on data breaches and related issues concerning Tesla and Numocity. No information or data points relevant to MARA Holdings, Inc. (MARA.US) or its ethical and fair business practices were found in any of the supplied articles. Therefore, no KPIs could be scored for MARA.US.

Kind to Animals

0

MARA Holdings, Inc. is a digital asset technology company focused on bitcoin mining.

1
Its core business model does not involve animal-derived products, animal testing, animal agriculture, or direct animal-related operations.
2
Therefore, KPIs related to cruelty-free certification, alternative testing methods, humane certifications, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal testing policies and volume, innovation in animal-free alternatives, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare are not applicable to its operations.
3
While some articles mention a 'MARA Beauty' or 'MARA Cosmetics' brand with cruelty-free certifications,
4
there is no evidence to link these entities to MARA Holdings, Inc. (MARA.US).

No War, No Weapons

0

MARA Holdings, Inc. is a digital asset technology company focused on bitcoin mining.

1
The company's core business does not involve defense or arms-related activities.
2
There is no significant involvement in controversial weapons, small arms, or military contracting.
3
The company does not develop or sell dual-use products, nor does it engage in exports requiring arms trade certifications. Its lobbying expenditures are not related to the arms industry or arms control. MARA has no known exposure to controversial weapons, nor does it have assets to divest from defense. The company's operations do not involve procurement from conflict zones or the use of AI militarily, and it does not have conflict-linked partners or require war-risk audits.

Planet-Friendly Business

-50

In 2023, the company reported Scope 2 emissions of 914,393 mtCO₂e and Scope 3 emissions of 1,750,158 mtCO₂e, totaling 2,664,551 mtCO₂e.

1
Scope 1 emissions were not reported due to 100% hosted site locations.
2
In 2023, 79% of megawatt-hours consumed at the McCamey, Texas data center were sourced from wind energy RECs.
3
A pilot project in Finland was initiated to use recycled heat from digital asset computing to warm a community of 11,000 residents.
4
The company submitted its first CDP climate report in October 2024, receiving an overall score of D for 2023, which aligns with TCFD standards but indicates partial TCFD mapping.
5

Respect for Cultures & Communities

0

No specific, concrete data points or facts regarding MARA.US's performance on 'Respect for Cultures & Communities' were found in the provided articles. The articles primarily discuss Canadian government consultation processes with Indigenous communities, a failed Australian public policy, or list company policies without quantitative data. One article could not be accessed.

1

Safe & Smart Tech

-10

MARA Holdings, Inc. has no documented data breaches or incidents of unauthorized data use.

1
The company's privacy policy states that users can request access, change, or deletion of their data, which aligns with industry-standard user controls.
2
Data is retained for necessary purposes, or up to 12 months after the last engagement, which falls into the 1-2 year retention period category.
3
The company's policy also mentions complying with applicable laws.
4

Zero Waste & Sustainable Products

0

No evidence available to assess MARA Holdings, Inc. on Zero Waste & Sustainable Products.

Own MARA Holdings, Inc.?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.