Iris Coleman
February 26, 2025 14:05
Mara Holdings, Inc. announces record income and net income for the fourth quarter and full year 2024, driven by strategic energy transformation initiatives.
Mara Holdings, Inc. (Nasdaq: Mara), a leading player in digital asset space, announced record financial results for the fourth quarter and the full year of 2024, according to a recent shareholders’ letter. The company has attributed its success to strategic initiatives aimed at taking advantage of the calculation of digital assets to support the transformation of energy.
Financial protruding facts
Mara has declared unprecedented income, a net income and an EBITDA adjusted for the year, marking an important step in her financial performance. The company has produced a direct energy cost of $ 28.8,000 per Bitcoin for 2024 from its belonging sites, reflecting improvements in efficiency in its operations.
In addition, Mara BTC yield by Action reached an impressive 62.9% for the year, highlighting the effectiveness of its cost management strategies and its use of energy.
Strategic initiatives
In its pursuit of sustainability, Mara focused on conversion of clean energy, blocked or underused in economic value. This approach not only supports the energy change, but also strengthens Mara’s position as a leader in securing blockchain books in the world.
The company continues to innovate in developing technologies which contribute to a more sustainable and more inclusive future, aligning the broader trends in the industry towards green energy solutions.
Conference call and web said
To discuss these financial results, Mara will organize a webdiffusion and a call conference on February 26, 2025, at 5:00 p.m. Eastern time. Investors interested in participating can register via the company’s website. The webdiffusion will be available to replay in the section of investors on the Mara site.
Industry context
The digital asset industry has experienced significant changes while companies like Mara are focusing more and more on sustainable practices. By integrating energy efficient measures, companies are improving not only profitability but also contributes to environmental objectives.
As the demand for digital assets increases, Mara’s strategic emphasis on energy transformation could serve as a model for other companies in the sector, potentially influencing industry standards and practices.
For more details, visit the official Mara Holdings, Inc. (source).
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