Bitcoin Minor Mara Holdings posted a record-breaking income for Q4 2024, with 37% climb in revenue to $ 37% to $ 214.4 million and full-year revenue increased by 69% to $ 656.4 million.
According to his February 27 Q4 2024 shareholder letter, hit acquired $ 528.3 million net income, 248% increase year-on-year. The installation of an industry standard, adjusted ebitda, a profitability metric, which does not include non-operated expenses such as taxes and interest, increased by 207% to $ 794.4 million.
Mara mined 2,492 bitcoins (BTC) in Q4, a 25% increase in total blocks won year-on, even though April 2024 bitcoin bitcoin Halling event cut block rewards was cut in half. The company managed to cash in on the price of bitcoin, despite the reduction in revenue from low output, earned $ 119.9 million in earnings.
Mara has become the second largest corporate bitcoin holder after 197% rose to 44,893 BTC, currently a price of over $ 4.6 billion. Additionally, Mara has increased its energy infrastructure, which acquires 1.2 gigawatt power at prices that are 28% less than the industry average.
To reduce its dependence on third-party features, the company has expanded the percentage of its data centers from 0 to 70% from the beginning of 2024. It also deployed 136 MW power capacity and launched a 25-Megawat Micro Data Center Project at Welheads in Texas and North Dakota.
The hash rate of Mara, which is a remedy for mining power, increased by 115% per annum to 53.2 exhalation per second, making it one of the largest bitcoin miners. The direct mining cost of bitcoin per hit, however, increased from $ 23,000 to $ 28,801 per year in Q4, as the increase in energy expenditure increased by 70% to $ 127.4 million.
To diversify its revenue sources, Mara plans to use its energy assets to enter AI and data infrastructure.
