{"id":94429,"date":"2025-05-09T05:14:11","date_gmt":"2025-05-09T05:14:11","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2025\/05\/09\/mara-reports-214m-in-q1-revenue-grows-bitcoin-holdings-to-47531-btc\/"},"modified":"2025-05-09T05:14:11","modified_gmt":"2025-05-09T05:14:11","slug":"mara-reports-214m-in-q1-revenue-grows-bitcoin-holdings-to-47531-btc","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2025\/05\/09\/mara-reports-214m-in-q1-revenue-grows-bitcoin-holdings-to-47531-btc\/","title":{"rendered":"MARA Reports $214M In Q1 Revenue, Grows Bitcoin Holdings To 47,531 BTC"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-td-block-uid=\"tdi_61\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p class=\"nitro-lazy\"><a href=\"https:\/\/ir.mara.com\/\" target=\"_blank\" rel=\"noopener\">MARA Holdings, Inc<\/a>. (NASDAQ: MARA) has <a href=\"https:\/\/d1io3yog0oux5.cloudfront.net\/_fbb982db6453d1db4c79d5268d621651\/marathondh\/db\/441\/7542\/file\/Q1'25+Shareholder+Letter.pdf\" target=\"_blank\" rel=\"noopener\">reported<\/a> first quarter 2025 earnings, announcing $213.9 million in revenue\u2014a 30% increase from Q1 2024\u2014as the company continues its transformation into a digital energy and infrastructure powerhouse.<img fetchpriority=\"high\" width=\"624\" height=\"448\" title=\"MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC 1\" src=\"https:\/\/cdn-ilddnad.nitrocdn.com\/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp\/assets\/images\/optimized\/rev-3426a8c\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/05\/AD_4nXfVBOYOZFzRRzRo3PnLK8cKIHkJcw2U25sO-aly3BqbTTB_ByOSVDQv3Kf_FQIuofzgf48FQQ5VZflwk-BGYB3am7WGRlshXYNaNtdOnhqf8nYlTayD9_wYFVXjzMplrXmcfS9Vkey7KCzej6OzkeRINTjmk3R-Q.png\" class=\"nitro-lazy\" decoding=\"async\" nitro-lazy-empty=\"\" id=\"NzQ2Ojg2Mw==-1\"\/><\/p>\n<p>\u201cRevenues increased 30% to $213.9 million in Q1 2025 from $165.2 million in Q1 2024,\u201d the company shared in its shareholder letter. MARA\u2019s <a href=\"https:\/\/bitcoinmagazine.com\/guides\/how-to-use-store-bitcoin-safely\">bitcoin<\/a> holdings surged by 174% year-over-year, rising from 17,320 BTC to 47,531 BTC, now valued around $3.9 billion as of March 31, 2025. <img width=\"624\" height=\"448\" title=\"MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC 2\" src=\"https:\/\/cdn-ilddnad.nitrocdn.com\/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp\/assets\/images\/optimized\/rev-3426a8c\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/05\/AD_4nXcxJG8EHqm4cmlWlD46RXZbDGvIvtiZH6WZNfNEHJ3ZLfKrRY-hQ84IzcS1oU9iGHjFPxfjFRjGyk49lO3LCBfLQ5TKCK7nR0lqXwTvu-OUNRZPlio8PuBieX0OxzxnUCESh9skkey7KCzej6OzkeRINTjmk3R-Q.png\" class=\"nitro-lazy\" decoding=\"async\" nitro-lazy-empty=\"\" id=\"NzUwOjc0Mg==-1\"\/><\/p>\n<p>Despite the revenue boost, MARA posted a net loss of $533.4 million, primarily due to a $510.2 million loss in the fair value of bitcoin as it ended the quarter at $82,534. \u201cAlthough we recognized a loss in Q1\u2026 the current bitcoin price of approximately $100,000 would imply a substantial fair value gain,\u201d the company noted.<\/p>\n<p>MARA <a href=\"https:\/\/bitcoinmagazine.com\/guides\/bitcoin-mining\">mined<\/a> 2,286 BTC and purchased 340 more in Q1. Its energized hashrate nearly doubled from 27.8 EH\/s in Q1 2024 to 54.3 EH\/s, while cost per petahash per day improved 25% to $28.5.<img width=\"624\" height=\"452\" title=\"MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC 3\" src=\"https:\/\/cdn-ilddnad.nitrocdn.com\/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp\/assets\/images\/optimized\/rev-3426a8c\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/05\/AD_4nXekAL8vdE7teqkYIwX8XReS6FUbFMMGl7yf1Yg-2x7AHbppEOBTL75DLgLvSAu_zrbMgcoibRjqki35TAHLODTpet6VgVg0RPxLcENFSsPCSKwZDzeBFW7CVyk-hD6xZB4FjysB3wkey7KCzej6OzkeRINTjmk3R-Q.png\" class=\"nitro-lazy\" decoding=\"async\" nitro-lazy-empty=\"\" id=\"NzU4OjYyNg==-1\"\/><\/p>\n<p>The company is pushing forward on its two strategic priorities: \u201c(1) strategically growing by shifting our model toward low-cost energy with more efficient capital deployment, and (2) bringing to market a full suite of solutions for data centers and edge inference\u2014including energy management, load balancing, and advanced cooling.\u201d\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>Highlights from the quarter include:<\/p>\n<ul class=\"wp-block-list\">\n<li>Acquisition of a 114 MW wind farm in Texas with low fixed energy costs (~$10\/MWh).<\/li>\n<li>Deployment of gas-to-power operations in North Dakota and Texas, reducing emissions by the equivalent of 14,200 gasoline-powered vehicles.<\/li>\n<li>Expansion of its Ohio data center, adding 50 MW and 12,000 new miners.<\/li>\n<li>Continued development of proprietary immersion cooling systems (2PIC) and next-gen ASICs through its stake in chipmaker Auradine.<\/li>\n<\/ul>\n<p>MARA will host a webcast and earnings call at 5:00 p.m. ET on May 8, 2025. Shareholders can register via<a href=\"https:\/\/event.webcasts.com\/starthere.jsp?ei=1717246&amp;tp_key=8e4d72532b\" target=\"_blank\" rel=\"noopener\"> this link<\/a>.\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/news\/mara-reports-214m-in-q1-revenue-grows-bitcoin-holdings-to-47531-btc\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARA Holdings, Inc. (NASDAQ: MARA) has reported first quarter 2025 earnings, announcing $213.9 million in revenue\u2014a 30% increase from Q1 2024\u2014as the company continues its<\/p>\n","protected":false},"author":1,"featured_media":94430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-94429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/94429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=94429"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/94429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/94430"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=94429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=94429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=94429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}