Form 8-K · Current Report · Filed 2025-05-09
MARA Holdings Reports Q1 2025 Financial Results
MARA Holdings, Inc. reported its financial results for Q1 2025, showing a 30% increase in revenues to $213.9 million from $165.2 million in Q1 2024. However, the company reported a net loss of $(533.4) million for Q1 2025 compared to net income of $337.2 million in Q1 2024, primarily due to a $510.2 million loss on the fair value of digital assets. The company also reported an Adjusted EBITDA loss of $(483.6) million in Q1 2025 compared to an Adjusted EBITDA income of $542.1 million in Q1 2024. Despite the financial losses, the company's bitcoin holdings increased to 47,531 BTC (C. $3.9B) as of March 31, 2025, with a BTC yield per share of 3.5%.
- Filer
- Mara Holdings Inc. MARA · NASDAQ
- Filed
- Accession
- 0001641172-25-009348
- CIK
- 0001507605
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$14.29
Next session
+11.6%
Since filing
-20.9%
Latest close
$11.30
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MARA reporting the same item, with the next session's move:
Exhibits (2)
About Mara Holdings Inc.
Mara Holdings Inc. is a company that primarily specializes in the financial and technological sectors, focusing on innovative endeavors within its portfolio. As part of its core business model, Mara Holdings engages in cryptocurrency mining and digital asset management, which positions it in the rapidly evolving digital finance industry. Its operations include mining of major cryptocurrencies, which involves the validation of digital transactions and adding them to a blockchain ledger, a process crucial to the functionality and security of cryptocurrency networks. The influence of Mara Holdings Inc. extends across multiple sectors, including financial technology and digital currencies, drawing considerable interest as industries adopt blockchain technology and decentralized finance solutions. The company's participation in these markets underscores its role as a proactive entity capitalizing on digital transformation trends. In the context of market significance, Mara Holdings Inc. represents a blend of traditional financial management with the innovative potential of blockchain technology. Its activities not only contribute to the digital asset ecosystem but also highlight the increasing importance of integrating technology-driven financial solutions in today’s economy.
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