{"id":11893,"date":"2025-05-09T07:49:45","date_gmt":"2025-05-09T05:49:45","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=11893"},"modified":"2025-05-09T07:49:45","modified_gmt":"2025-05-09T05:49:45","slug":"mara-achieves-214-million-in-q1-revenue-expands-bitcoin-reserves-to-47531-btc","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/09\/mara-achieves-214-million-in-q1-revenue-expands-bitcoin-reserves-to-47531-btc\/","title":{"rendered":"MARA Achieves $214 Million in Q1 Revenue, Expands Bitcoin Reserves to 47,531 BTC"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<div data-td-block-uid=\"tdi_61\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p class=\"nitro-lazy\"><a href=\"https:\/\/ir.mara.com\/\" target=\"_blank\" rel=\"noopener\">MARA Holdings, Inc<\/a>. (NASDAQ: MARA) has <a href=\"https:\/\/d1io3yog0oux5.cloudfront.net\/_fbb982db6453d1db4c79d5268d621651\/marathondh\/db\/441\/7542\/file\/Q1'25+Shareholder+Letter.pdf\" target=\"_blank\" rel=\"noopener\">announced<\/a> first quarter 2025 results, revealing $213.9 million in revenue\u2014a 30% rise from Q1 2024\u2014as the firm continues its evolution into a digital energy and infrastructure leader.<\/p>\n<p>\u201cSales rose 30% to $213.9 million in Q1 2025 from $165.2 million in Q1 2024,\u201d the company detailed in its letter to shareholders. MARA\u2019s <a href=\"https:\/\/bitcoinmagazine.com\/guides\/how-to-use-store-bitcoin-safely\">bitcoin<\/a> reserves jumped by 174% year-over-year, increasing from 17,320 BTC to 47,531 BTC, now valued around $3.9 billion as of March 31, 2025. <img fetchpriority=\"high\" width=\"624\" height=\"448\" title=\"MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC 2\" src=\"https:\/\/cdn-ilddnad.nitrocdn.com\/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp\/assets\/images\/optimized\/rev-3426a8c\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/05\/AD_4nXcxJG8EHqm4cmlWlD46RXZbDGvIvtiZH6WZNfNEHJ3ZLfKrRY-hQ84IzcS1oU9iGHjFPxfjFRjGyk49lO3LCBfLQ5TKCK7nR0lqXwTvu-OUNRZPlio8PuBieX0OxzxnUCESh9skkey7KCzej6OzkeRINTjmk3R-Q.png\" class=\"nitro-lazy\" decoding=\"async\" nitro-lazy-empty=\"\" id=\"NzUwOjc0Mg==-1\"\/><\/p>\n<p>In spite of the revenue surge, MARA recorded a net loss of $533.4 million, largely due to a $510.2 million decline in the fair value of bitcoin as it concluded the quarter at $82,534. \u201cAlthough we experienced a loss in Q1\u2026 the current bitcoin price of about $100,000 would suggest a significant fair value gain,\u201d the company remarked.<\/p>\n<p>MARA <a href=\"https:\/\/bitcoinmagazine.com\/guides\/bitcoin-mining\">extracted<\/a> 2,286 BTC and acquired 340 more during Q1. Its operational hashrate almost doubled from 27.8 EH\/s in Q1 2024 to 54.3 EH\/s, while costs per petahash per day decreased 25% to $28.5.<img width=\"624\" height=\"452\" title=\"MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC 3\" src=\"https:\/\/cdn-ilddnad.nitrocdn.com\/XgjmJNBNBbZQEuHAZVzgTqmzytAUTSfp\/assets\/images\/optimized\/rev-3426a8c\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/05\/AD_4nXekAL8vdE7teqkYIwX8XReS6FUbFMMGl7yf1Yg-2x7AHbppEOBTL75DLgLvSAu_zrbMgcoibRjqki35TAHLODTpet6VgVg0RPxLcENFSsPCSKwZDzeBFW7CVyk-hD6xZB4FjysB3wkey7KCzej6OzkeRINTjmk3R-Q.png\" class=\"nitro-lazy\" decoding=\"async\" nitro-lazy-empty=\"\" id=\"NzU4OjYyNg==-1\"\/><\/p>\n<p>The corporation is advancing on its two main strategic objectives: \u201c(1) strategically expanding by transitioning our model to low-cost energy with more effective capital allocation, and (2) delivering a complete suite of solutions for data centers and edge inference\u2014including energy oversight, load balancing, and sophisticated cooling.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>Key takeaways from the quarter encompass:<\/p>\n<ul class=\"wp-block-list\">\n<li>Acquisition of a 114 MW wind power plant in Texas with low fixed energy expenses (~$10\/MWh).<\/li>\n<li>Implementation of gas-to-power operations in North Dakota and Texas, decreasing emissions by the equivalent of 14,200 gasoline-driven vehicles.<\/li>\n<li>Growth of its Ohio data center, adding 50 MW and 12,000 new miners.<\/li>\n<li>Ongoing development of proprietary immersion cooling systems (2PIC) and next-gen ASICs via its investment in chip manufacturer Auradine.<\/li>\n<\/ul>\n<p>MARA will conduct a webcast and earnings call at 5:00 p.m. ET on May 8, 2025. Shareholders can sign up through <a href=\"https:\/\/event.webcasts.com\/starthere.jsp?ei=1717246&amp;tp_key=8e4d72532b\" target=\"_blank\" rel=\"noopener\">this link<\/a>.<\/p>\n<\/p><\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/news\/mara-reports-214m-in-q1-revenue-grows-bitcoin-holdings-to-47531-btc\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html MARA Holdings, Inc. (NASDAQ: MARA) has announced first quarter 2025 results, revealing $213.9 million in revenue\u2014a 30% rise from Q1 2024\u2014as the firm continues its evolution into a digital energy and infrastructure leader. \u201cSales rose 30% to $213.9 million in Q1 2025 from $165.2 million in Q1 2024,\u201d the company detailed in its letter<\/p>\n","protected":false},"author":3,"featured_media":11894,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[2373,2375,2374],"class_list":["post-11893","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-mara-reports-214m-in-q1-revenue","tag-531-btc-gpt","tag-grows-bitcoin-holdings-to-47"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MARA Achieves $214 Million in Q1 Revenue, Expands Bitcoin Reserves to 47,531 BTC - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/09\/mara-achieves-214-million-in-q1-revenue-expands-bitcoin-reserves-to-47531-btc\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MARA Achieves $214 Million in Q1 Revenue, Expands Bitcoin Reserves to 47,531 BTC - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html MARA Holdings, Inc. (NASDAQ: MARA) has announced first quarter 2025 results, revealing $213.9 million in revenue\u2014a 30% rise from Q1 2024\u2014as the firm continues its evolution into a digital energy and infrastructure leader. \u201cSales rose 30% to $213.9 million in Q1 2025 from $165.2 million in Q1 2024,\u201d the company detailed in its letter\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/09\/mara-achieves-214-million-in-q1-revenue-expands-bitcoin-reserves-to-47531-btc\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-09T05:49:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/05\/May-8-2025-03_59_4._imresizer.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"629\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/09\/mara-achieves-214-million-in-q1-revenue-expands-bitcoin-reserves-to-47531-btc\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/09\/mara-achieves-214-million-in-q1-revenue-expands-bitcoin-reserves-to-47531-btc\/\",\"name\":\"MARA Achieves $214 Million in Q1 Revenue, Expands Bitcoin Reserves to 47,531 BTC - 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