MARA Holdings Inc - MARA STOCK NEWS

MARA Holdings reported strong Bitcoin mining performance for March 2025, with 242 blocks won, marking a 17% increase from February. The company produced 829 BTC during the month, averaging 26.8 BTC per day, up 6% month-over-month.

The company's energized hashrate grew 1% to 54.3 EH/s, and total BTC holdings reached 47,531 BTC. MARA's self-operated mining pool, MARAPool, demonstrated superior performance with a luck factor exceeding the network average by over 10% since launch.

The company captured 5.8% of available miner rewards, with transaction fees representing 1.3% of total rewards. MARA expects to complete construction of its 40-megawatt data center in Ohio by the end of April 2025.

MARA Holdings (NASDAQ: MARA) has released its February 2025 Bitcoin mining updates, reporting a 4% month-over-month increase in daily BTC production. The company won 206 blocks during the month, marking a 6% decrease from January due to higher network difficulty and fewer operational days.

The company's BTC holdings grew to 46,374 BTC, with MARA choosing not to sell any Bitcoin in February. The firm is nearing completion of a 40-megawatt data center in Ohio, where it plans to install over ten thousand S21 Pro immersion miners.

CEO Fred Thiel outlined MARA's strategic evolution from an asset-light model to a vertically integrated energy and infrastructure company in 2024. The company is expanding into energy generation while maintaining its focus on Bitcoin mining dominance. MARA is also investing in research and development for AI and adjacent markets, aiming to create additional revenue streams. The company expects cost reductions through site ownership and self-generated power.

MARA Holdings (NASDAQ: MARA) released its Q4 and full-year 2024 financial results, reporting record-breaking performance across multiple metrics. The company achieved record-high Revenue, Net Income, and Adjusted EBITDA for both Q4 and full-year 2024.

Key operational highlights include a direct energy cost of $28.8K per bitcoin from owned sites in 2024, and a notable BTC yield per share of 62.9% for the year. The company, which focuses on digital asset compute to support energy transformation, will discuss these results in detail during their earnings webcast scheduled for February 26, 2025, at 5:00 p.m. Eastern Time.

MARA Holdings has completed its acquisition of a wind farm in Hansford County, Texas, featuring 240 megawatts of interconnection capacity and 114 megawatts of nameplate wind capacity. The company plans to utilize last-generation ASIC mining hardware at the site, extending the life of equipment that would have otherwise been written off.

The acquisition aligns with MARA's strategic transition from an asset-light to an asset-heavy business model. With this addition, MARA now owns and operates 136 megawatts of generating capacity. The company aims to achieve near net-zero operating costs by leveraging renewable resources that would have otherwise been curtailed, while reducing bitcoin production costs through vertical integration.

MARA Holdings (NASDAQ: MARA) has scheduled its Fourth Quarter and Fiscal Year 2024 financial results conference call for Wednesday, February 26, 2025, at 5:00 p.m. ET. The company will publish a shareholder letter containing financial results prior to the call, which will be available on their investor relations website.

Shareholders can participate by registering for the conference call and audio webcast. The company is implementing a Q&A platform where verified retail and institutional shareholders can submit and upvote questions between February 19 at 9:00 a.m. ET and February 25 at 9:00 a.m. ET. Selected questions will be addressed by management during the earnings call.

MARA Holdings has announced the postponement of its Special Meeting of Stockholders from February 11, 2025, to February 19, 2025, at 8:30 a.m. PST / 11:30 a.m. EST. The meeting will be held virtually via live webcast at web.lumiconnect.com/266814323.

The postponement aims to provide stockholders additional time to vote and facilitate broader participation. The record date remains unchanged at January 17, 2025. The Company's Board of Directors unanimously recommends voting FOR the proposals outlined in the proxy statement filed with the SEC on January 21, 2025.

Previously cast votes remain valid unless stockholders wish to change or revoke their prior proxy. Stockholders who haven't voted are urged to do so before the postponed meeting.

MARA reported its January 2025 bitcoin mining performance, showing a 12% month-over-month decrease in blocks won, with 218 blocks mined compared to December's 249. The company produced 750 BTC in January, averaging 24.2 BTC per day, down 13% from December's 27.9 BTC daily average.

The company maintained its energized hashrate at 53.2 EH/s, with no new miners added during January. Notable operational updates include the completion of converting over 230 containers to immersion cooling at Wolf Hollow, Texas, and near-completion of S21 Pro upgrades at the Kearney, Nebraska site. Transaction fees contributed 1.6% to total rewards, down from 2.7% in December.

MARA's share of available miner rewards was 5.1% in January, compared to 5.9% in December. The company continues to focus on fleet optimization and strategic enhancements, prioritizing near net zero cost energy solutions for future expansion.

WiSA Technologies has completed its acquisition of Data Vault Holdings' assets on December 31, 2024. The deal includes patent-protected acoustic and data technologies, featuring Web 3.0 Sumerian crypto anchors and the ADIO advertising network. As part of the transaction, WiSA issued 40 million shares of restricted common stock and appointed Nathaniel T. Bradley as CEO, with Brett Moyer transitioning to CFO.

The company plans to rebrand as Datavault Inc. in mid-January 2025 and change its Nasdaq ticker to ADIO. The acquisition consideration includes a $10 million unsecured promissory note due in 3 years and a 3% royalty on future net revenues from Datavault and ADIO product lines. Bradley received 1.2 million restricted stock units as an inducement, with half vesting over 36 months and half tied to achieving $40 million in revenue over any trailing 12-month period.

MARA Holdings reported significant operational updates for December 2024, highlighting a 15% increase in energized hash rate to 53.2 EH/s. The company mined 890 BTC in December, a slight 2% decrease from November, while winning 249 blocks. MARAPool achieved 168% annual hash rate growth in 2024, surpassing bitcoin's network growth of 49%.

The company's total BTC holdings reached 44,893 BTC, valued at $4.2 billion (at $93,354 per BTC). In 2024, MARA acquired 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC. The company's year-end BTC yield per diluted share was 62.7%. Notably, 7,377 BTC are loaned to third parties for additional returns.