Mara Holdings, Inc. (NASDAQ: MARA) reported income for the primary quarter of 2025 and introduced income of $213.9 million (a rise of 30% from the primary quarter of 2024).
“Income for the primary quarter of 2025 elevated 30% to $213.9 million from $165.2 million within the first quarter of 2025,” the corporate shared in a letter from its shareholders. Mara’s Bitcoin Holdings elevated 174% year-on-year to 47,531 BTC from 17,320 BTC, representing roughly $3.9 billion as of March 31, 2025. 
Regardless of the rise in income, Mara posted a internet lack of $533.4 million. That is primarily because of the honest worth of Bitcoin ending at $82,534, leading to a lack of $510 million in honest worth of Bitcoin. “We had been conscious of our first quarter losses, however which means that our present Bitcoin value is round $100,000.
Mara mined 2,286 BTC and purchased one other 340 within the first quarter. Its energyized hash fee virtually doubled to 54.3 EH/s from 27.8 EH/s within the first quarter of 2024, however the associated fee per petahash per day has improved to 25% to $28.5.
The corporate is driving two strategic priorities. “(1) to develop strategically by shifting fashions in direction of decrease value power with extra environment friendly capital deployments, and (2) to market a whole resolution for information facilities and edge inference, together with power administration, load balancing and superior cooling.”
Right here is Mara’s first quarter 2025 shareholder letter. Try the complete report: https://t.co/hnwopca36r pic.twitter.com/x0hdl5evuh
– Mara (@maraholdings) Might 8, 2025
Listed here are the highlights of the quarter:
- The acquisition of a 114 MW wind farm in Texas has a low mounted power value (~$10/mwh).
- The deployment of gas-to-gas operations in North Dakota and Texas reduces emissions equal to 14,200 gas-powered automobiles.
- The Ohio Information Middle will likely be expanded to incorporate 50 MW and 12,000 new miners.
- Persevering with growth of our personal immersion cooling system (2 picks) and next-generation ASICs by funding from Chipmaker Auradine.
Mara will maintain a webcast and income name on Might 8, 2025 at 5pm. Shareholders can register by way of this hyperlink.
This submit, Mara, reported $214 million in first quarter income, expanded Bitcoin Holding to 47,531 BTC, first appeared in Bitcoin Journal, written by Jenna Mont Gomery.
