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32$IREN (-0.91%)
$HUT
$HUT (-4.63%)
$CLSK (-1.93%)
$CORZ (+0.31%)
$BITF (-5.41%)
$HIVE (-3.79%)
$WULF (-2.5%)
$RIOT (-1.82%)
$MARA (+0.69%)
$BTDR (-8.65%)
$BTC (-0.09%)
Revenue growth in AI cloud services could be a harbinger of much larger AI data center deals.
$IREN (-0.91%) is fast becoming a force to be reckoned with in the data center industry. There are only a handful of developers with > 1 GW of secured power - let alone close to 3 GW!
Very exciting company and KBV Friday ≤ 1
https://irisenergy.gcs-web.com/static-files/3ad81dcd-5043-433c-b68a-4d8e237b0f37
hello everyone, I am accumulating $MARA (+0.69%) , I have 25 shares and I am down a good %, what do I do, holdo, buy or sell?
248 percent more profit.
With a market capitalization of USD 4.6 billion, Marathon Digital is the largest listed Bitcoin miner in the world. The company is now presenting new business figures.
Bitcoin has recently corrected sharply. But if you only look a little further, the cryptocurrency is still conjuring up fabulous profits on the portfolio. Miners are also benefiting from this. Marathon Digital Holdings (MARA) is now presenting figures for the fourth quarter of 2024 - and setting new records.
The company's revenue rose by 37% to USD 214 million within one quarter and by as much as 69% to USD 656 million for the year as a whole.
The management was even able to increase net profit by 248 percent to USD 528 million in the fourth quarter. Unusually, the company's profit is higher than its turnover. This can be explained by the increase in value of the coins held in reserve.
The Florida-based company is also making huge strides in terms of BTC accumulation. In addition to the 2,492 BTC mined in Q4, Marathon purchased a further 15,574 Bitcoin.
With 45,659 BTC worth a total of USD 3.9 billion, Marathon is the second-largest listed Bitcoin hodler in the world after Microstrategy.
In July 2024, Marathon announced its full-hodl strategy. In addition to a commitment not to sell any more mined coins, the company intends to occasionally buy more bitcoins on the open market and add them to its reserve.
Marathon has also been able to increase its hashrate. The company managed by Fred Thiel now maintains 53.2 EH/s - an increase of 115 percent in one quarter.
The company is also working on the vertical integration of its business activities. 70 percent of the mining farms used are now owned by the company.
Despite the solid business figures, the share price is not budging. At the time of writing, MARA is trading at USD 13.7 - a year-on-year fall of 42%.
During the same period, the Bitcoin price grew by 37 percent.
- Revenue: $214.4M, +37% YoY; Full year revenue $656.4M, +69% YoY
- Net income: $528.3M, +248% YoY; Full year net income $541.0M, +107% YoY
- Adjusted EBITDA: $794.4M, +207% YoY; Full year Adjusted EBITDA $1.2B vs $417.1M
CEO: "2024 was a transformative year for MARA. We accelerated our transition to a vertically integrated energy and digital infrastructure company. That we now have greater control over our energy, infrastructure, technology, and ultimately, our future."
🌱Revenue & Growth
- BTC production: 2,492 BTC in Q4, -41% YoY
- Average BTC per day: 27.1 vs 46.1 in Q4 2023
- Energized hashrate: 53.2 EH/s, +115% YoY
- Share of available miner rewards: 5.6% vs 4.4% YoY
💰Profits & Financials
- Direct energy cost per bitcoin: $28,801 for owned sites in 2024
- Cost per petahash per day: $35.1 vs $42.3 in Q4 2023
- BTC holdings: 44,893 BTC (+197% YoY), valued at ~$4.6B
- Cash and equivalents: $391.8M vs $357.3M in Q4 2023
📌Business Highlights
- Secured ~1.2 GW capacity at prices 28% lower than peers
- Increased owned data center portfolio from 0% to ~70%
- Deployed first owned power generating assets with 136 MW capacity
🔮Future Outlook
- Focusing on three key themes: Generate, Activate, and Differentiate
- Expanding beyond bitcoin mining into AI infrastructure
- Developing turnkey AI-at-the-edge immersion systems with 30 MW deployment target
IREN Limited, formerly Iris Energy Limited, is an Australian-based company that owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services and other power-intensive computing. The mining data centers are located in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security for the Bitcoin network. Al Cloud Services provides cloud compute for Al customers, 1,896 NVIDIA H100 and H200 GPUs. The Canal Flats facility is located in the Canadian Rocky Mountains, 100 kilometers (km) from Cranbrook Regional Airport and 500 km east of Vancouver. Its facility is located in Prince George, the city in northern British Columbia, 500 km north of Vancouver. The facility is located in Childress County, Texas, more than 250 miles northwest of Dallas and in close proximity to several wind and solar power plants in the region. The company operates 200 MW of data centers in Childress.
I have put together a few interesting graphics here and I would be interested in your opinion of the company.
@stefan_21
@Testo-Investor Have you already dealt with the miners, what do you think of $IREN (-0.91%) ? I would be interested to know ✌️
All- In Cash Cost per $BTC (-0.09%) :
$IREN (-0.91%) Record-breaking growth in hash rate
In the year 2024 $IREN (-0.91%) set a new industry record for the fastest growth in operating hash rate (EH/s) in a single year among the $BTC (-0.09%) -miners, surpassing 400%.
$IREN (-0.91%) also held the previous single-year growth record of 350% in 2023.
Graphic: @Agrippa_Inv from 𝕏
According to VanEck, switching from BTC mining to an AI data center of just 20% for $IREN would be worth a capitalization of $6,571,000,000.
Despite $BTC (-0.09%) halving , $IREN achieved an impressive annual production growth of 55% - the highest growth rate among all public $BTC miners in 2024.
Graphic: @Agrippa_Inv from 𝕏
$CORZ (+0.31%) , $MARA (+0.69%) , $RIOT (-1.82%) , $BITF (-5.41%) , $CIFR (-8.61%) , $CLSK (-1.93%) , $WULF (-2.5%) ,
+ 2
What you see here is the Bitcoin block 879613.
Apparently $MARA (+0.69%) the future US president in the $BTC (-0.09%) immortalized in the blockchain. And in a way that I personally have never seen before. This is not an NFT - many transactions with different fees have been deliberately arranged to create a "work of art"😂
The "redder" the higher the fee that was paid😅 I would be interested to know how they managed to do this. Does anyone happen to know?
You can view the block here:
https://mempool.space/de/block/000000000000000000010c05038d08c742d28a7a248e9d0f94ebe5102f366c8e
Reading time: approx. 5 min
Marathon Digital Holdings ($MARA (+0.69%) ) is one of the leading players in Bitcoin mining and has impressed in recent months with impressive production figures, ambitious expansion strategies and a clear focus on sustainability. At a time when Bitcoin is increasingly being accepted as a promising asset, Marathon is playing a key role in this emerging industry. In this article, I will show you why Marathon Digital remains exciting and what opportunities the company offers.
Marathon Digital - pioneer in Bitcoin mining
Marathon Digital Holdings has set itself the task of scaling Bitcoin production and making it more environmentally friendly at the same time. By steadily expanding its mining capacity and investing in renewable energy, the company is pursuing a clear vision: to become one of the most profitable and sustainable Bitcoin miners in the world.
The relevance of Bitcoin as a digital store of value is growing continuously, and Marathon is ready to benefit from this development. Unlike many smaller competitors, Marathon relies on economies of scale, state-of-the-art mining technology and strategic partnerships to consolidate its leading position in the industry.
Current developments: Growth across the board
1. increased production and new facilities
In December 2024, Marathon recorded a significant increase in its Bitcoin production. This increase is mainly due to the installation of new mining equipment, which the company has successfully commissioned in recent months. Marathon now has capacities that make it one of the most efficient producers in the industry.
2. sustainability strategy: own energy sources
One highlight of recent months has been Marathon's acquisition of a wind farm. With this step, the company is pursuing the goal of increasingly covering the electricity requirements for its mining activities from renewable sources. This measure is not only an important step towards sustainability, but also gives Marathon a competitive advantage: with its own energy sources, operating costs can be reduced and dependence on price fluctuations on the energy market minimized.
($MARA (+0.69%) 's wind farm in Texas)
3. raising capital for further growth
In order to drive its expansion forward, Marathon Digital completed a capital increase of 850 million US dollars. The money will be invested in the expansion of production capacities, the expansion of infrastructure and the further development of sustainable solutions. The fact that this capital raise was oversubscribed demonstrates investor confidence in Marathon's long-term vision.
Why Marathon Digital is shaping the future of Bitcoin mining
Booming Bitcoin market
Bitcoin has established itself as a digital store of value and is increasingly accepted by institutions, companies and private investors worldwide. This development ensures that the demand for new bitcoins - and therefore for high-performance miners like Marathon - is constantly increasing.
Economies of scale and efficiency
By massively expanding its mining capacity and using the latest mining hardware, Marathon has significantly reduced the production costs per Bitcoin. The larger the network becomes, the more efficiently the company can operate and the higher the profit per Bitcoin produced.
Sustainability as a strategy for the future
The acquisition of its own energy sources shows that Marathon is not just aiming for short-term profits, but is planning for the long term. At a time when criticism of the energy consumption of Bitcoin mining is growing, Marathon is positioning itself as a pioneer for environmentally friendly mining solutions.
Strong market position
Marathon is one of the largest and best-positioned companies in the mining sector. With its clear growth strategy, strong financial resources and innovative strength, the company clearly stands out from many of its competitors.
The opportunities for investors
1. participation in Bitcoin growth
The Bitcoin market offers enormous potential, and Marathon Digital is ideally positioned to benefit from this development. If the price of Bitcoin continues to rise, the value of the coins produced by Marathon will increase - which has a direct impact on profitability.
2. technology leadership
Marathon consistently relies on the latest mining hardware, which is not only more efficient but also reduces production costs per Bitcoin. This gives the company a clear competitive advantage over smaller or less technologically advanced competitors.
3. sustainability as a trump card
The focus on renewable energies could not only help Marathon to meet regulatory requirements, but also attract new investors who value sustainable business models.
Keeping an eye on risks
Despite the promising outlook, there are also risks at Marathon Digital that investors should keep an eye on:
-Dependence on the Bitcoin price:
Although the bitcoin market is growing in the long term, it is still volatile. Short-term price declines could have a negative impact on earnings.
-Regulatory uncertainties: Stricter laws or restrictions in the crypto sector could affect business.
-Energy dependence: Even with its own energy sources, Marathon remains vulnerable to potential changes in energy policy or availability.
Conclusion: Marathon Digital is ready for the future
Marathon Digital Holdings is not only a major player in Bitcoin mining, but also a company that is geared towards the future with clear growth and sustainability strategies. The latest developments show that Marathon is further expanding its position as one of the leading miners and is focusing on a long-term perspective for success.
For investors who believe in the future of Bitcoin and its related markets, Marathon Digital offers exciting opportunities. With a focus on scale, efficiency and environmental friendliness, the company is well positioned to capitalize on the next wave of growth in the crypto market.
What do you think of Marathon Digital? Do you see potential in the stock or are you taking a different approach to profiting from the Bitcoin boom?
Greetings, Don
In the last few Bitcoin cycles, there was always a nice pump after Christmas. Everything will be fine. 🎅🎄🎁📈 $BTC (-0.09%)
$MSTR (+4.34%)
$RIOT (-1.82%)
$COIN (-5.78%)
$MARA (+0.69%)
$ETH (-0.04%)
#krypto
#crypto
#bitcoin
$XRP (-1.95%)
$SOL (-5.1%)
$SOL (-0.6%)
Bitcoin miner buys entire wind farm and takes it off the grid. $MARA (+0.69%)
Mining computers are to be operated with the energy that was previously fed into the public power grid
The US Bitcoin company Mara Holdings Inc. is in the process of buying up a large wind farm in the state of Texas in its entirety. The company now wants to take it off the public grid in order to operate its own mining facility exclusively with the energy generated.
Withdrawn from the public
The wind farm in question is located in Hansford County, right on the border with Oklahoma, and has a capacity of 114 megawatts. According to the Federal Energy Regulatory Commission, the purchase of the facility from a joint venture between National Grid Plc, a British international energy company, and the Washington State Investment Board is expected to close in the first quarter of 2025. The price for the acquisition is not known.
According to the company's own information, the wind turbine will be removed from the energy grid in future so that the energy can be used exclusively to operate its own Bitcoin mining facilities. Until now, the wind farm was part of the Southwest Power Pool, a non-profit organization that manages the power grid in the central states and is tasked with ensuring a reliable supply.
Environmental pledge
In an official statement, CEO Fred Thiel commented: "This acquisition is an example of how the energy and data center sectors can work together to create long-term value while advancing sustainability initiatives." By repurposing machines and supplying them with 100% renewable energy at zero-margin costs, renewable resources are used that would otherwise have been curtailed. At the same time, it is reducing the cost of generating its bitcoins through vertical integration and demonstrating its commitment to environmental protection.
Thiel told Bloomberg: "We can take the market to where the electrons are instead of taking the electrons to where the market is." He is not worried about a possible objection from the supervisory authorities. The CEO estimates that the plant, which consists of older generation computers, can be operated in this way around 30 percent of the time. The same amount of energy could supply between 20,000 and 100,000 households with electricity.
Bitcoin miners are known to consume large amounts of energy for cooling, which has led to increased criticism in the past. Since the omnipresence of artificial intelligence and the need for data centers for the "new" technology, the discourse has shifted in this direction. (hlk, 10.12.24)
