PANews reported on February 27 that Bitcoin mining company MARA Holdings announced its Q4 2024 financial report. The company's revenue for the quarter reached US$214.4 million, a year-on-year increase of 37%, and its annual revenue reached US$656.4 million, a year-on-year increase of 69%. Net profit increased by 248% year-on-year to US$528.3 million, and its annual net profit increased by 107% to US$541 million.

• Direct energy costs are $28,801 per Bitcoin and $0.039 per kilowatt-hour.

• Total hash rate increased 115% year-over-year to 53.2 EH/s.

• Bitcoin holdings increased 197% to 44,893 BTC (about $4.6 billion), of which 10,374 BTC were loaned out or used as collateral for loans.

• A total of 2,492 BTC were mined in Q4, and 15,574 BTC were purchased through zero-coupon convertible senior notes.

• The Company did not sell any Bitcoin in Q4.