Marathon Digital Holdings, Inc. ( (MARA) ) has released its Q4 earnings. Here is a breakdown of the information Marathon Digital Holdings, Inc. presented to its investors.
Marathon Digital Holdings, Inc. is a leading company in the digital asset sector, focusing on bitcoin mining and energy transformation by converting underutilized energy into economic value. In its latest earnings report, Marathon Digital Holdings reported a transformative year with significant growth in revenue, net income, and adjusted EBITDA. The company achieved record-high revenue of $214.4 million in Q4 2024, marking a 37% increase from the previous year. Net income surged by 248% to $528.3 million, and adjusted EBITDA reached $794.4 million, setting a new industry benchmark. Key performance metrics highlighted include a 115% increase in energized hashrate to 53.2 EH/s and a 197% increase in bitcoin holdings to 44,893 BTC. Marathon Digital Holdings also expanded its energy capacity, securing 1.2 GW at competitive prices and acquiring a wind farm to reduce reliance on grid power. The company is strategically positioning itself for future growth by focusing on energy management and infrastructure technologies, aiming to lead in the AI inference market. Looking forward, Marathon Digital Holdings plans to continue its transformation into a vertically integrated energy and technology solutions provider, leveraging its infrastructure for broader compute applications and maintaining its leadership in bitcoin mining.