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MARA Holdings announced its 2024 Q4 financial report, with revenue increasing 37% year-on-year

According to online reports, bitcoin mining company MARA Holdings announced its 2024 Q4 financial report. The company's revenue for the quarter reached US$214.4 million, a year-on-year increase of 37%, and its annual revenue reached US$656.4 million, a year-on-year increase of 69%. Net profit increased 248% year-on-year to US$528.3 million, and full-year net profit increased 107% to US$541 million.·Direct energy costs are US$28,801 per bitcoin and US$0.039 per kilowatt-hour.·The total hash rate increased by 115% year-on-year to 53.2 EH/s.·Bitcoin holdings increased 197% to 44,893 BTC (approximately US$4.6 billion), of which 10,374 BTC was lent or secured for borrowing.· Q4 mined a total of 2,492 BTC and purchased 15,574 BTC through zero-coupon convertible senior notes.·The company did not sell any bitcoins in Q4.

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