MARA Holdings, Inc. reported robust earnings for Q1 2025, achieving $213.9 million in revenue, a 30% increase from Q1 2024. The rise in revenue coincided with a dramatic surge in bitcoin holdings to 47,531 BTC valued at approximately $3.9 billion. Nevertheless, the company faced a substantial net loss of $533.4 million, primarily attributed to a $510.2 million loss in bitcoin's fair value. Strategic initiatives included acquiring a 114 MW wind farm in Texas and expanding operations, emphasizing low-cost energy and advanced cooling solutions.
Revenues increased 30% to $213.9 million in Q1 2025 from $165.2 million in Q1 2024.
Although we recognized a loss in Q1... the current bitcoin price of approximately $100,000 would imply a substantial fair value gain.
Collection
[
|
...
]