Odaily News Bitcoin mining company MARA Holdings released its fourth-quarter financial report on February 26, showing that the company achieved record revenue of US$214.4 million, 16.5% higher than market expectations. The company successfully mined 18,146 bitcoins, and its net income increased by 248% year-on-year to US$528.3 million.
MARA said it is focusing on the "second wave" in the field of AI. Unlike its competitors who are eager to enter the AI training market, MARA has chosen to strategically wait and see and will focus on the construction of AI reasoning infrastructure. The company plans to provide infrastructure support for AI and high-performance computing by expanding its data center.
As of the end of 2024, MARA holds 44,893 bitcoins, making it the second largest corporate bitcoin holder after Strategy. The company launched a 25-megawatt micro data center project in Texas and North Dakota to reduce its reliance on the power grid. After the announcement, MARA's stock price rose 5.9% to $13.18 after hours.