According to Golden Finance, Bitcoin mining company MARA Holdings announced its Q4 2024 financial report. The company's revenue this quarter reached US$214.4 million, a year-on-year increase of 37%, and its annual revenue reached US$656.4 million, a year-on-year increase of 69%. Net profit increased by 248% year-on-year to US$528.3 million, and net profit increased by 107% to US$541 million. • Direct energy costs are $28,801 per bitcoin and $0.039 per kWh. • Total hash rate increased by 115% year-on-year to 53.2 EH/s. • Bitcoin holdings rose 197% to 44,893 BTC (about $4.6 billion), of which 10,374 BTC were lent or used as loan guarantees. • A total of 2,492 BTC were mined in Q4 and 15,574 BTC was purchased through zero-interest convertible premium notes. • The company did not sell any bitcoins on Q4.