After the adjustment of the Bitcoin evaluation, the Marathon Digital Holdings recorded a $ 533.4 million net loss in Q1. The company's revenue jumped to 30% to $ 213.9 million, Bitcoin Holdings grew to 174% to 47,531 BTCs.
Company delivered Strong operative metrics in the first quarter with a 25% improvement in the day costs. The company also noted that the cost of his revenue per petahshi per day decreased by 10%during the same period.
Mara Holdings reports to the net loss of the quarter
Marathon Digital Holdings, $ MaraQ1-25. Results:
📊 EPS: -1.55 dollars 🔴
💰 Income: $ 213.9 million 🔴
🔎 Damage caused by a $ 510 million discount of digital assets, despite the increase in revenue by 30% and 81% more blocks, Yoy won. pic.twitter.com/hub1pgvqa1– Earningstime (@earnings_time) May 8, 2025
Mara announced that the net loss was $ 533.4 million or a negative $ 1.55 per share, compared to last year's Q1 net income $ 337.2 million, or $ 1.26 per share. The company noted that its revenue increased from $ 165.2 million to $ 213.9 million in 2024 quarters.
Despite the registration of positive income, the price of the BTC Miner stock has fallen by 15%per year, which refers to the connection between market equipment and the company's fundamentals. Bitcoin production fell to 19% by 19% to 2286 BTC. Mara Holdings claimed that she was facing the challenges of bitcoin production due to increasing global hippers and increased network difficulties.
“We are a growing company but not at all costs. Our goal is not to pursue any [Exahash] number. We believe that the steady survival of our strategy will bring our shareholders' value to greater value. ”
~ Fredrick Thiel, CEO of Mara Holdings.
The company also saw an increase in its Bitcoin holdings to 174% to more than 47,531 BTCs, which was kept in its balance sheet of only 17,320 BTCs a year ago. Mara Holdings claimed that as of March 31, 2025, the price of Bitcoin fell to 12%, resulting in $ 510.2 million. Mara's adjusted EBITDA also decreased to $ 483.6 million in the second quarter of 2025, $ 542.1 million per quarter 2024.
Mara wishes to make money under -utilized energy
Mara Chairman and CEO Fred Thiel admitted that the cryptocurrency market values the company for its BTC contributions rather than mining operations. He also claimed that countries and institutions see Bitcoin's strategic reserve that rises prices.
Mara said she bought her Bitcoin Holdings at a price of $ 35,728 per coin and $ 0.04 per kilowatt per hour. The company also revealed that it has completed the construction of a fully owned 200 megawatt data center in Ohio, now there are 100 megawatts on the network. The crypto company acknowledged that it changed from 0% to own and worked to about 70% from the beginning of 2024.
Thiel said that Mara focuses on cooperation with energy companies to make money for under -utilized energy such as wind, solar energy and burning gas. The CEO of the company highlighted the importance of flexible load solutions to support AI data centers and revealed global discussions with major energy companies.
He revealed that the company was investigating a mixture of energy sources for heat, wind, sun and burning gas. Thiel acknowledged that out-of-network mining sites, such as wind farms and flare gas operations, provide cheap energy and high profitability to the company. He also noted that Mara focuses on alternating operations that meet its energy needs, which, despite their lower working hours, may be more profitable. Manon also emphasized that the IRR of these energy -based projects is expected to be higher than traditional models.
Salman Manon, CFO of the company, noted that Mara has reduced the cost of capital and operations. He also said that the company hopes to obtain cheap megawatts and its energy production projects, such as the Texas 114 megawatt wind farm, which helps to decorate the network and reduce electricity costs, reduction of costs.
Thiel noted that Mara Ai's 30-megawatt pilot project has shown the ability to flood the systems by reducing the number of miners and saving CAPEX. The CEO of the company added that the company is developing a liquid cold plate technology for AI applications, which he thinks offers environmental support and cost savings.
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