MARA Holdings (NASDAQ: MARA), a leading cryptocurrency mining company, witnessed a significant surge in its stock price, soaring by 11.73% in pre-market trading on Thursday. This remarkable rally came on the heels of the company's stellar fourth-quarter 2024 financial results and its ambitious plans to capitalize on the growing demand for artificial intelligence (AI) computing infrastructure.

The company reported record-breaking quarterly revenue of $214.4 million, surpassing analysts' expectations of $186.4 million. Additionally, MARA Holdings achieved an adjusted earnings per share (EPS) of $1.24, significantly outperforming the consensus estimate of $0.68. Both revenue and net income hit all-time highs for the quarter and full fiscal year, underscoring the company's remarkable performance.

Fueling MARA Holdings' impressive growth was its robust Bitcoin mining operations. During the fourth quarter, the company mined 2,492 Bitcoin and purchased an additional 14,574 Bitcoin, bringing its total Bitcoin holdings to 44,893 by the end of 2024. This substantial increase in Bitcoin holdings solidifies the company's position as the second-largest corporate Bitcoin holder, trailing only MicroStrategy.

Looking ahead, MARA Holdings is poised to capitalize on the rapidly growing demand for AI computing infrastructure. Leveraging its expertise in high-performance computing, the company plans to tap into the lucrative AI inferencing market, which is expected to experience significant growth in the coming years. By providing cost-effective and efficient compute infrastructure for AI applications, MARA Holdings aims to diversify its revenue streams and establish a strong foothold in this emerging market.