One Block Capital is a group of passionate angels who have supported blockchain teams globally since early 2017, self-described.

One Block Capital

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

Brian Armstrong

Coinbase Global, Inc.

Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America. It provides blockchain infrastructure, software solutions, and services. The company mines digital assets for its own account and provides hosting colocation services for other large-scale miners. It operates in two segments, Equipment Sales and Hosting. The company owns and operates computer equipment that is used to process transactions conducted on one or more blockchain networks in exchange for transaction processing fees rewarded in digital currency assets, commonly referred to as mining; and datacenter facilities to provide colocation and hosting services for distributed ledger technology, also commonly known as blockchain. It also develops blockchain-based platforms and applications, including infrastructure management, security technologies, mining optimization, and recordkeeping. The company is headquartered in Austin, Texas. On December 21, 2022, Core Scientific, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.

Mike Levitt

Darin Feinstein

Core Scientific, Inc.

Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada.

Metric
Company Name	One Block Capital	Coinbase Global, Inc.	Core Scientific, Inc.	Marathon Digital Holdings, Inc.
Symbol		COIN	CORZ	MARA
MSH ID	COM:ONEBLOCKCAPITAL	COM:COINBASE	COM:CORESCIENTIFIC	COM:MARA
Market	PRIVATE	STOCKS	STOCKS	STOCKS
Sector	Financial Services & Finance	Technology	Technology	Financial Services
Industry	Venture Capital	Software - Application	Software - Infrastructure	Financial - Capital Markets
Country	US	US	US	US
Stage
Employee Count		3.42K	286	60
Website	oneblockcapital.com	coinbase.com	corescientific.com	marathondh.com
LinkedIn		coinbase	corescientific	marathon-digital-holdings
Founders

Metric
Market Cap	53.92B	1.74B	5.16B
Enterprise Value
Monthly Web Traffic	53.23M
Web Traffic Growth	0.11
Valuation
Raised Capital	1.10B

Metric
Revenue	3.11B	502.40M	387.51M
Revenue (LTM)
Revenue (NTM)
Gross Profit	2.69B	75.24M	-15.34M
EBITDA	66.86M	111.79M	68.94M
Operating Income	-113.21M	15.35M	-110.57M
Net Income	94.87M	-246.49M	261.17M
EPS	0.40	-0.65	1.41
Diluted EPS	0.37	-0.65	1.06
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.86	0.30	0.10
Operating Profit Margin	0.18	0.12	0.65
EBITDA Margin	0.02	0.22	0.18
Net Profit Margin	0.34	-0.06	1.21
Return on Equity	0.21	1.37	0.42
Return on Assets	0.01	-0.04	0.46
Return on Capital Employed	0.06	0.10	0.26

COM:ONEBLOCKCAPITAL

One Block Capital

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-37.88	-64.05	-8.18
P/B Ratio	4.71	-7.12	2.96
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	19.70	5.97	15.29
EV Multiple	601.09	15.92	123.81

Metric
Days Sales Outstanding	61.26	1.50	1.68
Days Payables Outstanding	35.47	15.06	22.51
Days Inventory Outstanding	164.49K	0.00
Operating Cycle	164.59K	3.47	12.11
Cash Conversion Cycle	164.58K	-4.20	-6.74
Asset Turnover	0.02	0.76	0.38

Metric
Operating Cash Flow	668.38M	65.11M	70.31M
Free Cash Flow	605.18M	48.95M	42.70M
Cash Flow to Debt	0.36	0.12	0.18
Operating Cash Flow/Sales	0.35	0.12	0.11
Free Cash Flow Yield	0.15	0.01	-0.10

Metric
Cash & Equivalents	5.74B	69.71M	357.31M
Accounts Receivable	80.38M	-744K
Inventory			-2.09M
Goodwill	1.14B
Debt to Capitalization	0.36	2.19	0.17
Debt to Assets	0.02	0.72	0.24
Current Ratio	1.05	1.04	11.33
Quick Ratio	1.03	1.58	29.59

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.41	0.08	0.08
R&D to Revenue	0.57	0.01
SG&A to Revenue	0.42	0.15	0.29