Digital asset company MARA Holdings (NASDAQ:MARA) reported fourth-quarter financial results after market close Wednesday.
Here are the key highlights.
What Happened: MARA reported fourth-quarter revenue of $214.4 million, up 37% year-over-year. The revenue beat a Street consensus estimate of $186.4 million, according to data from Benzinga Pro.
The company reported earnings per share of $1.24, beating a Street consensus estimate of 68 cents per share.
For the full fiscal year, MARA's revenue was $656.4 million, up 69% year-over-year.
The company had records for revenue, net income and adjusted EBITDA for the full fiscal year and fourth quarter.
MARA reported a direct energy cost per Bitcoin (CRYPTO: BTC) of $28,800 for 2024 at its owned sites as it worked on lowering energy costs and increasing hash rates.
The company mined 2,492 Bitcoin in the fourth quarter and purchased 15,574 Bitcoin in the fourth quarter. The company held 44,893 Bitcoin at the end of the fiscal year, including 10,374 Bitcoin that are loaned or used as collateral.
MARA had a Bitcoin yield per share of 62%. The company did not sell any Bitcoin in the fourth quarter.
Read Also: MARA Holdings’s Options: A Look at What the Big Money is Thinking
What's Next: MARA highlighted the transformation it made in the fiscal year and now has its eyes set on artificial intelligence.
"We're proud of our transformation. But we're far from done. While we remain bullish on Bitcoin and our mining business, we're continuing to explore how MARA can emerge as a leader in the next major opportunity: AI," the company said.
The company said they are well positioned to take advantage of the growing AI segment and the need for cost-effective compute infrastructure.
MARA's three priorities for 2025 are "generate, activate and differentiate."
MARA Price Action: MARA stock is up 8.43% to $13.50 in after-hours trading Wednesday versus a 52-week trading range of $12.05 to $34.09.
Read Next:
Photo: Courtesy MARA
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。