EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Contents ──────────────────────────────────────────────── To Our Shareholders 3 Financial and Operational Discussion 7 Earnings Webcast and Conference Call 12 Statements of Operations 13 Investor Notice 15 Forward-Looking Statements 15 Key Highlights Revenues increased 30% to $213.9 million IN Q1 2025 from $165.2 million in Q1 2024. Net income (loss) decreased 258% ────────────────────────────────────────────── TO $(533.4) MILLION in Q1 2025 from $337.2 million in Q1 2024. Adjusted EBITDA decreased 189% ────────────────────────────────────────── $(483.6) MILLION compared to $542.1 million in Q1 2024. Cost/petahash per day improved by 25% IN Q1 2025 from Q1 2024. Energized hashrate (“EH/s”) increased 95% ────────────────────────────── TO 54.3 EH/S IN Q1 2025 from 27.8 EH/s in Q1 2024. Bitcoin holdings increased 174% ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
MARA Holdings, Inc.
MARANASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On May 8, 2025, MARA Holdings, Inc. (the “Company”) issued a shareholder letter announcing its financial results for the fiscal quarter ended March 31, 2025. The Company also issued a press release announcing its earnings webcast and conference call to be held on May 8, 2025.…
Company context
MARA (NASDAQ: MARA) deploys digital energy technologies to advance the world’s energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.
Current securities
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Filed exhibits (2)
EX-99.2 3 ex99-2.htm EX-99.2 Exhibit 99.2 MARA Announces First Quarter 2025 Results Revenues increased 30% YoY to $214 million Bitcoin holdings increased 174% YoY to 47,531 from 17,320 at the end of Q1 2024 Fort Lauderdale, FL - May 8, 2025 - MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a vertically integrated digital energy and infrastructure company that leverages high-intensity compute, such as bitcoin mining, to monetize excess energy and optimize power management, today announced its first quarter 2025 financial results in a letter to shareholders. Investors are invited to access the first quarter 2025 shareholder letter at MARA’s website at ir.mara.com. A copy of the letter will also be furnished to the Securities and Exchange Commission on a Form 8-K. MARA will hold a webcast and conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) today to discuss these financial results. To register to participate in the conference call, please use the link below. Earnings Webcast and Conference Call Details Date: Thursday, May 8, 2025 Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time) Registration link: LINK The webcast will also be availab…
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