Despite a drop in Bitcoin mining after the halving, MARA Holdings saw a 37% revenue increase and 248% profit growth, surpassing analyst expectations!
Q4 2024 Financial Highlights:
Revenue: $214.4M (+37%)
Net Profit: $528.3M (+248%)
BTC Mined: 2,492 BTC (-27%)
Hashrate: 53.2 EH/s (+115%)
BTC Reserves: 44,893 BTC (~$4.6B)
Despite rising electricity costs, MARA continues to scale and hasn’t sold a single Bitcoin!
Looks like the company’s growth will keep going!