Minor Bitcoin Mara Holdings has published record profits for the fourth quarter of 2024, with climbing revenues from 37% to $ 214.4 million and annual income of 69% to $ 656.4 million.
According to her shareholder letter of February 27, 2024, Mara obtained a net income of $ 528.3 million, an increase of 248% from one year to the next. Setting an industry standard, the adjusted Baiia, a profitability metric that does not include non -operational expenses such as taxes and interest, increased by 207% to $ 794.4 million.
Mara operated 2,492 Bitcoin (BTC) in the fourth quarter, a 25% increase in the total blocks won in the year, even if Bitcoin rewarded Bitcoin events in April 2024. The company managed to take advantage of the tip of the Bitcoin price, adding $ 119.9 million in profits despite the reduction in income compared to the reduction in production.
Mara became the second largest business bitcoin holder after her assets increased from 197% to 44,893 BTC, worth more than $ 4.6 billion. In addition, Mara has increased its energy infrastructure, obtaining 1.2 energy gigawatts at prices of 28% lower than the industry average.
To reduce its dependence on third-party facilities, the company has expanded the percentage of its 0 to 70% data centers since the start of 2024. It also deployed 136 megawatts of electrical capacity and launched a 25-megawatts micro-data center project at Wellheads in Texas and North Dakota.
Mara’s hash rate, which is a measurement of mining, increased by 115% per year to 53.2 Exehashes per second, making it one of the largest bitcoin minors. MARA’s direct operating cost by Bitcoin has, however, increased from $ 23,000 to $ 28,801 per year in the fourth trimester due to a 70% increase in energy expenditure to $ 127.4 million.
To diversify its sources of income, Mara plans to use its energy assets to venture into AI and data infrastructure.
