Marathon Digital Holdings, Inc. ( (MARA) ) has released its Q1 earnings. Here is a breakdown of the information Marathon Digital Holdings, Inc. presented to its investors.
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Marathon Digital Holdings, Inc. is a vertically integrated digital energy and infrastructure company focused on leveraging high-intensity computing, such as bitcoin mining, to monetize excess energy and optimize power management.
In the first quarter of 2025, Marathon Digital Holdings reported a 30% increase in revenue to $213.9 million compared to the same period in 2024. Despite this growth, the company experienced a significant net loss of $533.4 million, primarily due to a $510.2 million loss on the fair value of digital assets.
Key financial highlights include a 95% increase in energized hashrate to 54.3 EH/s and a 174% increase in bitcoin holdings to 47,531 BTC. The company also improved its cost per petahash per day by 25% and acquired a wind farm in Texas to support its low-cost energy strategy.
Looking forward, Marathon Digital Holdings remains committed to its strategy of transforming into a vertically integrated digital energy and infrastructure company. The company aims to enhance capital efficiency and operational control while expanding its technological capabilities to create greater value for shareholders.