secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001493152-24-008232
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224008232/0001493152-24-008232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224008232/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008232

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer