Marathon Digital (MARA) FY2023: record revenue $387.5M, net income $261.2M, BTC production 12,852

MARA Holdings, Inc.

2023-FY EPS reported $1.06 revenue$387,508,000

Revenue $387.5M (+229% YoY); net income $261.2M ($1.06/diluted) vs prior year loss of $694M.
Bitcoin production record 12,852 BTC (+210%); energized hash rate 24.7 EH/s (+253%).
Debt reduced 56% to $331M; combined cash and bitcoin $997M as of Dec 31, 2023.
Q4 revenue $156.8M (+452% YoY); net income $151.8M ($0.66/diluted).
Guidance: 2024 hash rate target 35-37 EH/s; 2025 target 50 EH/s.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARA Holdings, Inc. reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue $387.5 million, net income $261.2 million, or $1.06 per diluted share, EPS $1.06 per diluted share.

Period: the fourth quarter and fiscal year ended December 31, 2023
Revenue: $387.5 million
Net income: $261.2 million, or $1.06 per diluted share
EPS: $1.06 per diluted share
Result: reported results

Exact text from the filing

revenues increased 229% to a record $387.5 million in 2023 from $117.8 million in 2022 - Net income improved to a record $261.2 million, or $1.06 per diluted share

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Source: SEC EDGAR

accession 0001493152-24-008232

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