Odaily News MARA Holdings' financial report shows that in Q1 2025, revenue reached $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 $3.9 billion. Despite the increase in revenue, the company still recorded a net loss of $533 million, mainly due to the decline in Bitcoin prices at the end of the quarter, resulting in asset book losses. The company emphasized that it will continue to promote the transformation of vertically integrated energy and computing infrastructure.