The net loss of $1 was reported by MARA Holdings, a US-based cryptocurrency mining company that is also in the process. During the fourth quarter, 7 billion was spent on s. But after hours trading of the company’s shares increased more than 15% after earnings report and announcement of an AI-focused data center partnership with Starwood Capital Group.
revenue of the company, which sank 6 percent year on year to $202. 3 million. That’s $214, a figure that was paid for by . Last year, 4 million people were s in the same period last year. MARA had reported a net profit of $528 million from the . in quarter of last year, 3 million – the same quarter as this time.
This year’s sharp loss was mostly from a $1, which is the biggest reason for this year’s blow. Due to the roughly 30% drop in Bitcoin’s price, 5 billion has been a decline in the fair value of digital assets. adjusted loss was recorded as minus $1, according to . 49 billion, 49billion.
The company’s energized hash rate rose by 25% year-on-year to 66 on the business side. 3E H /s 4 EH/S) However, production fell; 2,011 $BTC were produced in the quarter of this period and a block earned by 15% year on year to 595 was less. A price per Bitcoin for energy was $48,611 – up from $48,611.
At its last full-time high, MARA had 53,822 $BTC (about $5) in cash and Bitcoin assets. 3 billion . The company remains the second-largest Bitcoin holder among publicly traded companies. But its investment in AI data centers is accelerating its strategy of transitioning from mining to an integrated model focused on energy and digital infrastructure, Management said.
*This is not investment advice.
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