MARA Announces Fourth Quarter and Full Year 2024 Results
Rhea-AI Summary
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.
Positive
- Record-high Revenue in Q4 and FY2024
- Record-high Net Income in Q4 and FY2024
- Record-high Adjusted EBITDA in Q4 and FY2024
- 62.9% BTC yield per share for 2024
Negative
- $28.8K direct energy cost per bitcoin from owned sites
News Market Reaction 1 Alert
On the day this news was published, MARA gained 5.46%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Record-high Revenue, Net Income, and Adjusted EBITDA for the full year and Q4 2024
BTC yield per share of
Fort Lauderdale, FL, Feb. 26, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced its fourth quarter and full year 2024 financial results in a letter to shareholders.
Investors are invited to access the fourth quarter 2024 shareholder letter at MARA’s website at ir.mara.com. A copy of the letter will also be furnished to the Securities and Exchange Commission on a Form 8-K.
MARA will hold a webcast and conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) today to discuss these financial results. To register to participate in the conference call, please use this link. The webcast will also be available for replay via the investor relations section of the Company’s website.
Earnings Webcast and Conference Call Details
Date: Wednesday, February 26, 2025
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Registration link: LINK
If you have any difficulty connecting to the conference call, please contact MARA’s investor relations team at ir@mara.com.
About MARA
MARA (NASDAQ: MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.
For more information, visit www.mara.com, or follow us on:
Twitter: @MARAHoldings
LinkedIn: www.linkedin.com/company/MARAHoldings
Facebook: www.facebook.com/MARAHoldings
Instagram: @maraholdingsinc
MARA Company Contact:
Telephone: 800-804-1690
Email: ir@mara.com
MARA Media Contact:
Email: mara@wachsman.com
FAQ
What was MARA's bitcoin production cost per unit in 2024?
What was MARA's BTC yield per share for 2024?
When is MARA's Q4 2024 earnings call scheduled?
How did MARA perform in Q4 and full-year 2024?
