- 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