Marathon Digital Q1 revenue +223% to record $165.2M; net income $337.2M ($1.26 EPS)

MARA Holdings, Inc.

2024-Q1 EPS reported $1.26 revenue$165,198,000

Record Q1 revenue $165.2M (up 223% YoY); net income $337.2M (up 184% YoY) or $1.26 diluted EPS.
Adjusted EBITDA $528.8M (up 266% YoY); energized hash rate 27.8 EH/s (+142% YoY); produced 2,811 BTC (+28%).
Sold 26% of bitcoin produced to fund ops; combined cash and bitcoin reached $1.6B at quarter end.
Raised 2024 hash rate target to 50 EH/s; closed data-center acquisitions adding 1.1 GW capacity, 54% directly owned.
Launched Anduro layer-2 network, Slipstream, MARAFW firmware, immersion cooling system; first paying customers for firmware.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARA Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $165.2 million, net income $337.2 million, EPS $1.26 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $165.2 million
Net income: $337.2 million
EPS: $1.26 per diluted share
Result: reported results

Exact text from the filing

such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Marathon Digital Holdings Reports First Quarter 2024 Results – Revenues Increase 223% to a Record $165.2 Million – Net Income Increases 184% to a Record $337.2 Million, or $1.26 per Diluted Share – Adjusted EBITDA Increases 266% to a Record $528.8 Million Fort Lauderdale, FL – May 9, 2024 –

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Source: SEC EDGAR

accession 0001493152-24-018490

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