---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008232"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:40:28.483250+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-008232
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315224008232/0001493152-24-008232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315224008232/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008232
- JSON: https://secwatch.observer/filing/0001493152-24-008232.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008232.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000149315224008232/0001493152-24-008232-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.