MARA Holdings announces Q4 2024 financial report, with revenue increasing by 37% year-on-year

Bitcoin mining company MARA Holdings announced its Q4 2024 financial report, with revenue reaching $214.4 million for the quarter, a year-on-year increase of 37%, and full year revenue reaching $656.4 million, a year-on-year increase of 69%. Net profit increased by 248% year-on-year to 528.3 million US dollars, and the annual net profit increased by 107% to 541 million US dollars. The direct energy cost is $28801 per Bitcoin and $0.039 per kilowatt hour. The total hash rate increased by 115% year-on-year to 53.2 EH/s. Bitcoin holdings increased by 197% to 44893 BTC (approximately $4.6 billion), of which 10374 BTC was lent out or used as collateral for loans. In Q4, a total of 2492 BTC was mined and 15574 BTC was purchased through zero interest convertible senior notes. The company did not sell any Bitcoin in Q4.