MARA Holdings Inc (CHIX:M44d)
€ 17 +0.81 (+5.03%) Market Cap: 5.91 Bil Enterprise Value: 8.02 Bil PE Ratio: 0 PB Ratio: 1.81 GF Score: 58/100

Q4 2024 MARA Holdings Inc Earnings Call Transcript

Feb 26, 2025 / 10:00 PM GMT

Key Points

Positve
  • MARA Holdings Inc (MARA) reported record high revenues and net income for Q4 and the full year 2024.
  • The company successfully transitioned into a vertically integrated energy and technology solutions provider, securing 300% more energy capacity.
  • MARA Holdings Inc (MARA) reduced its energy costs significantly by deploying its first owned power-generating assets.
  • The company is exploring opportunities in artificial intelligence, planning to deploy 30 megawatts of inference AI compute.
  • Revenue increased by 37% in Q4 2024 compared to Q4 2023, and full-year revenue grew by 69%.
Negative
  • The company faces challenges with the increasing competition in the crypto mining sector and potential regulatory changes.
  • There is a risk of over-reliance on Bitcoin price appreciation for future growth and profitability.
  • MARA Holdings Inc (MARA) is exposed to geopolitical risks, particularly concerning energy asset ownership and international expansion.
  • The company acknowledges the need for significant capital investment to maintain and grow its mining operations.
  • There are concerns about the scalability and speed of expanding energy asset ownership compared to other models.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MARA.OQ - MARA Holdings Inc
Q4 2024 MARA Holdings Inc Earnings Call
Feb 26, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to Marrow's Q4 2024 earnings call. At this time, all participants are in a listen-only mode.

If anyone should require operator assistance during the conference, please press 0 on your telephone keypad.

Please note that this conference is being recorded.

I will now turn the conference over to our host, Robert Samuels, Vice President, Investor Relations.

Thank you. You may begin.

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Unidentified_2 [2]
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Thank you, operator. Good afternoon and welcome to tomorrow's 4th quarter and full year 2024 for
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