Bitcoin Miner MARA Achieves Record Revenue

MARA Holdings Reports Record Revenue and Earnings in Q4 2024

• Revenue increased by 37% to $214.4 million from $156.8 million in Q4 2023.
• Net income rose by 248% to $528.3 million compared to $151.8 million last year.
• Earnings per share reached $1.24, surpassing the expected loss of $0.32 per share.
• MARA mined 2,492 BTC, a decrease of 27% from the previous year’s production.
• Hashrate grew by 115% to 53.2 EH/s, up from 24.7 EH/s in Q4 2023.

MARA Holdings achieved record revenue and earnings in Q4 2024, with a notable increase in net income and earnings per share despite a decline in Bitcoin production due to the halving event.