Stella

Investor Relations Associate @MARA (NASDAQ: MARA)
This is my personal account: all opinions are my own and are not those of my employer

[Stella @StellarAxis]

We are committed to maintaining communication with our shareholders $MARA

[Robert Samuels @RobSamuelsIR]

@MARA did NOT purchase 1000 BTC as some are reporting today. BTC entering our wallets can be asset management activities and does not mean that we are buying BTC.

[Robert Samuels @RobSamuelsIR]

Macquarie out with an interesting report on US data center bottlenecks. 30-50% of 2026 projects behind schedule, only 5GW of 16GW pipeline actually under construction. Their conclusion: the winners own the interconnection, the gas, and the permits. That's Long Ridge. That's why @MARA announced an agreement to acquire it.

[MARA @MARA]

https://t.co/ZHv0MXJn4O

[Robert Samuels @RobSamuelsIR]

Please set a reminder to join us on Tuesday at 2pm.

[Stella @StellarAxis]

⌚️$MARA

[Robert Samuels @RobSamuelsIR]

Seeing some inaccuracies around Morgan Stanley’s recent report on @MARA, so I want to clarify a few points:

#1 This analyst has been Underweight since he initiated coverage several months ago.

#2 Morgan Stanley is not “selling” any position. This is a sell-side research report.

#3 If you actually read the note, the math appears incorrect regarding the Starwood JV, even after we provided an illustrative example of how the economics work.

#4 The analyst openly acknowledges that he is waiting for a lease to be signed, which is typical of the sell-side: often late to recognize value until it is already obvious.

#5 And if you do not want to take my word for it, here is the analyst’s own language:

“We acknowledge the potential of this JV as an avenue for considerable growth, but continue to value pipeline MWs at a 10% chance of electrification until the partnership results in a deal.”

[Robert Samuels @RobSamuelsIR]

To clarify: @MARA has not sold an additional $1.5B of BTC. Some recent commentary has incorrectly characterized BTC sales previously disclosed in connection with our debt reduction efforts as new or incremental sales. Those sales were part of the debt reduction activity announced at the end of March (Q1).

[Stella @StellarAxis]

Thank you for having $MARA there 😇

[Blake Lewis @Buhlahkay]

A few snapshots from my first OG & Blockware Sell-side and Buy-side Conference in Las Vegas.

13 companies, 16 Wall Street institutions, and a full day of 1:1 and small group meetings with some of the best operators in the industry.

One of the biggest takeaways for me was getting the opportunity to sit in on so many client meetings and truly understand the scope, vision, and strategy across different areas of the business and the industry as a whole.

Grateful to the OG team and everyone who participated.

Amazing experience to be part of. @OGAdvisors

[MARA @MARA]

Missed our Q1 2026 earnings call? Listen to the full replay here:

[MARA @MARA]

MARA's Q1 2026 Shareholder Letter is here.

Read the full report: https://t.co/D6xE8OPBWN

[Robert Samuels @RobSamuelsIR]

Referring to @MARA's Starwood partnership -
"Because MARA's site contribution is recognized upfront as equity, MARA's cash requirements are deferred until its site contribution has been fully credited against the project's capital needs. From there, MARA's ownership stake is proportional to its total contribution relative to the project's capital requirements. In the illustrative 200 MW project, MARA could achieve 50% ownership with up to $50-100 million of net annualized stabilized cash flow (based on a range of 9-15% yield on cost) for little to no incremental equity exposure beyond its site contribution."

[MARA @MARA]

Funding discipline is part of MARA's digital infrastructure strategy.

MARA has multiple non-dilutive financing sources on hand for the anticipated Long Ridge closing. View the source deck:
https://t.co/YFKlmqKMjD

[Robert Samuels @RobSamuelsIR]

Long Ridge checks all the boxes, allowing @MARA to establish one of the best digital infrastructure campuses in the world with the rare combination of operating generation + large-scale interconnect + developable land in the best location for monetizing optionality for HPC development (PJM).

Power ✅ Land ✅Water ✅Fiber ✅ Advanced discussions with investment grade tenants ✅ $15/MWh all-in operating cost ✅

[Stella @StellarAxis]

@jdk0vert @CK_Cryptoklepto Appreciate it. Always working hard and trying to get the best outcome for our shareholders! $MARA

[Robert Samuels @RobSamuelsIR]

Here is the link to slides from today's call:

https://t.co/X0IAk1474T

[Salman Khan @theRealSalKhan]

Just wrapped the “Allocating Scarce Assets” panel at Bitcoin 2026 with @CleanSpark and @LuxorTech.

My take: capital isn’t the constraint. Compute isn’t the constraint. Energy is.
We stopped asking “what should we do with our megawatts” and started asking “how do we own more megawatts.”

That question led us to Starwood. 1 GW near-term. 2.5 GW pathway. AI-ready infrastructure built on power assets we control. Minimal capital needs from MARA with a predictable pathway to success. Starwood has access to customers, 7-8GW HPC experience worldwide and EPC to build AI/HPC complexes.

I believe MARA is the only Bitcoin miner with a predictable pathway to HPC with low risks.

$MARA

[Stella @StellarAxis]

Read it $MARA

[Robert Samuels @RobSamuelsIR]

https://t.co/a1J1P11O7x

[Stella @StellarAxis]

$MARA !!!

[MARA @MARA]

MARA expands its AI infrastructure pipeline by entering into an agreement to acquire Long Ridge Energy & Power, which owns, among other assets, a highly efficient 505 MW nameplate CCGT power plant and over 1,600 contiguous acres in one of the world’s largest AI and data center infrastructure markets. Read the full release: https://t.co/QnETpCpoLT

[Stella @StellarAxis]

😉 $MARA

[Robert Samuels @RobSamuelsIR]

We recently posted a new investor presentation to our website @MARA. Link below:

https://t.co/uowPpTh0sX

[Stella @StellarAxis]

Read below to see what we have been up to! $MARA

[Robert Samuels @RobSamuelsIR]

Got back yesterday from a week of investor meetings across Europe. Still thinking back on the conversations, lots of smart questions. A few themes kept coming up worth sharing publicly @MARA. 🧵

[Stella @StellarAxis]

Fireside tomorrow. Last chance for any questions, submit them below! $MARA

[Stella @StellarAxis]

We are excited to share more, submit your questions below. $MARA

[Robert Samuels @RobSamuelsIR]

Join us on Thursday @ 1PM EST for a live executive fireside chat. Drop your questions below.