MARA Reports $214M Revenue for Q1, Increases Bitcoin Holdings to 47,531 BTC

MARA Holdings, Inc. (NASDAQ: MARA) reported first quarter 2025 financial results, reporting revenue of $213.9 million, up 30% from the first quarter of 2024. The company continues its transformation into a major player in digital energy and infrastructure.

“Revenue increased 30% to $213.9 million in Q1 2025 compared to $165.2 million in Q1 2024,” the company said in a statement to shareholders. MARA’s Bitcoin holdings increased 174% year-over-year, rising from 17,320 BTC to 47,531 BTC, and are now worth approximately $3.9 billion as of March 31, 2025.

Despite the positive revenue momentum, MARA posted a net loss of $533.4 million, primarily due to a $510.2 million loss in the fair value of Bitcoin, as it ended the quarter at $82,534. “While we incurred a loss in Q1… the current value of Bitcoin at around $100,000 would represent a significant increase in fair value,” the company noted.

MARA mined 2,286 BTC and acquired an additional 340 during the quarter. Its active hashrate nearly doubled from 27.8 EH/s in Q1 2024 to 54.3 EH/s, and the price per petahash per day increased by 25% to $28.5.

The company is moving forward on two strategic directions: “(1) strategic growth through the transition to low-cost energy sources with more efficient capital allocation and (2) entering the market with a full range of data center and edge computing solutions, including power management, load balancing and advanced cooling systems.”

MARA's Q1 2025 shareholder letter is available here. The full report can be read at: https://t.co/HnwoPcA36r pic.twitter.com/x0HdL5EVUh

— MARA (@MARAHoldings) May 8, 2025

Key achievements of the quarter include:

• Acquisition of a 114 MW wind farm in Texas with low fixed electricity costs (around $10/MWh).
• Implementing natural gas fuel projects in North Dakota and Texas that will reduce emissions equivalent to 14,200 gasoline-powered cars.
• Ohio data center expansion adds 50 MW and 12,000 new miners.
• Continued development of proprietary immersion cooling systems (2PIC) and next-generation ASICs through stake in chipmaker Auradine.

MARA will host a webinar and financial results conference call at 5:00 p.m. ET on May 8, 2025. Shareholders may register at this link.

This post by MARA Reports Q1 Revenue of $214 Million, Bitcoin Holdings Increase to 47,531 BTC originally appeared on Bitcoin Magazine and was written by Jenna Montgomery.

Source: cryptonews.net