PANews reported on May 9 that according to the company's financial report, MARA Holdings' revenue in Q1 2025 reached US$214 million, a year-on-year increase of 30%; Bitcoin holdings reached 47,531, an increase of 174% over the same period last year, and the current valuation is about US$3.9 billion. Despite the increase in revenue, the company still recorded a net loss of US$533 million, mainly due to the decline in Bitcoin prices at the end of the quarter, which led to asset book losses. The company emphasized that it will continue to promote the transformation of vertically integrated energy and computing infrastructure.