[2025-02-27] The latest IT, economic, blockchain and coin news
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2025-02-27 | Curator: CryptoTerminal
Bitcoin Miner MARA Posts Record Quarterly Revenue, Beating Estimates
Bitcoin mining company MARA Holdings reported record revenue and earnings in Q4 2024, surpassing analysts' expectations and the challenges presented by last year’s Bitcoin halving event. The company posted a 37% increase in revenue, reaching $214.4 million, compared to $156.8 million in Q4 2023, owing to a 132% rise in the average price of Bitcoin mined, as per its fourth-quarter statement. The Florida-based firm’s net income for the quarter grew by 248%, totaling $528.3 million, compared to $15...