MARA Holdings Q4 revenue grows as Bitcoin reserves rise

Minor Bitcoin Mara Holdings has published record profits for the fourth quarter of 2024, with climbing revenues from 37% to $ 214.4 million and annual income up 69% to $ 656.4 million.

According to his letter of shareholders of February 27, 2024, Mara deserved A net profit of $ 528.3 million, an increase of 248% from one year to the next. Setting an industry standard, the adjusted Baiia, a profitability metric that does not include non -operational expenses such as taxes and interest, increased by 207% to $ 794.4 million.

Mara has undermined 2,492 bitcoin (BTC) in the fourth quarter, an increase of 25% of the total blocks won in the year halve The awards of event cutting blocks in two. The company has managed to take advantage of the tip of the Bitcoin price, adding $ 119.9 million in profits despite the reduction in income compared to the drop in production.

Mara became the second largest business bitcoin holder after her assets increased from 197% to 44,893 BTC, worth more than $ 4.6 billion. In addition, Mara has increased its energy infrastructure, obtaining 1.2 energy gigawatts at prices of 28% lower than the industry average.

To reduce its dependence on third -party facilities, the company has extended The percentage of its data centers from 0 to 70% since the beginning of 2024. It also deployed 136 megawatts of electrical capacity and spear A 25-megawatts micro-data center project in Wellheads in Texas and Northern Dakota.

Mara’s hash rate, which is a measurement of mining, increased by 115% per year to 53.2 Exehashes per second, making it one of the largest bitcoin minors. MARA’s direct operating cost by Bitcoin has, however, increased from $ 23,000 to $ 28,801 per year in the fourth trimester due to a 70% increase in energy expenditure to $ 127.4 million.

To diversify its sources of income, Mara plans to use its energy assets to venture into AI and data infrastructure.