MARA Holdings, Inc.MARA
What MARA Holdings, Inc. does.
MARA is an energy and digital infrastructure company focused on acquiring, managing, and allocating energy to its highest-value uses. We use Bitcoin mining as a flexible, energy-responsive workload to monetize excess and underutilized power and to optimize power management across our portfolio. In parallel, we are in the process of developing artificial intelligence (“AI”) inference and high-performance computing (“HPC”) capabilities. We operate across four continents and 18 data centers in North America, the Middle East, Europe, and Latin America, with approximately 1.9 gigawatts (“GW”) of total capacity.
Our strategy is centered on the ownership and control of energy and digital infrastructure. While our earlier growth strategy emphasized an asset-light model, we have strategically transitioned to an energy and digital infrastructure company, expanding our owned portfolio capacity to approximately 70%. By expanding our ownership of sites and power infrastructure, we enhance operating control, improve margin durability, and support long-term capital efficiency.
As demand for energy-optimized compute infrastructure accelerates, particularly from AI and HPC workloads, we are in the process of deploying and scaling AI inference and HPC capabilities within our existing footprint. We are reallocating a meaningful portion of our capacity to support AI and HPC applications, leveraging the same integrated energy and data center platform that underpins our mining operations. These initiatives position us to support multiple high-intensity compute workloads at scale within a unified operating model.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $4.4M | $159.2M | $117.8M | $387.5M | $656.4M | $907.1M |
| Net income | -$10.4M | -$29.8M | -$694.0M | $261.2M | $541.3M | -$1.3B |
| Free cash flow | -$25.5M | -$292.8M | -$217.6M | -$343.3M | -$927.8M | -$1.2B |
More on MARA.
- MARA Holdings, Inc. summary
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- MARA Holdings, Inc. key metrics
- MARA Holdings, Inc. health scores and style box
- MARA Holdings, Inc. earnings
- MARA Holdings, Inc. dividends
- MARA Holdings, Inc. valuation
- MARA Holdings, Inc. ownership and insiders
- MARA Holdings, Inc. peers
Figures from MARA Holdings, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.