MARA Holdings announced its Q4 2024 financial report, with revenue increasing by 37% year-on-year

ChainCatcher news, Bitcoin mining company MARA Holdings announced its Q4 2024 financial report, with revenue for the quarter reaching $214.4 million, a year-on-year increase of 37%, and total annual revenue of $656.4 million, a year-on-year increase of 69%. Net profit increased by 248% year-on-year to $528.3 million, with annual net profit growing by 107% to $541 million.

• Direct energy costs were $28,801 per Bitcoin, with a cost of $0.039 per kilowatt-hour.

• Total hash rate increased by 115% year-on-year to 53.2 EH/s.

• Bitcoin holdings grew by 197% to 44,893 BTC (approximately $4.6 billion), of which 10,374 BTC were loaned out or used as collateral.

• In Q4, a total of 2,492 BTC were mined, and 15,574 BTC were purchased through zero-interest convertible senior notes.

• The company did not sell any Bitcoin in Q4.