secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001493152-24-018490
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224018490/0001493152-24-018490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224018490/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018490

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