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 web lack of $533.4 million. That is primarily as a result of truthful worth of Bitcoin ending at $82,534, leading to a lack of $510 million in truthful worth of Bitcoin. “We have been conscious of our first quarter losses, however which means that our present Bitcoin worth is round $100,000.
Mara mined 2,286 BTC and acquired 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 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 the direction of decrease value power with extra environment friendly capital deployments, and (2) to market an entire resolution for knowledge 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 total report: https://t.co/hnwopca36r pic.twitter.com/x0hdl5evuh
– Mara (@maraholdings) Might 8, 2025
Listed below are the highlights of the quarter:
- The acquisition of a 114 MW wind farm in Texas has a low fastened 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 Knowledge Middle will likely be expanded to incorporate 50 MW and 12,000 new miners.
- Persevering with improvement of our personal immersion cooling system (2 picks) and next-generation ASICs by way of 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 publish, 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.
