Mara Holdings Posts $4.52 Loss Per Share, Partners on 1GW Data Center Project
In Q4, Mara Holdings reported a $4.52 per share loss on $202.3 million revenue, missing estimates by $4.22 per share and $55.15 million, while mining 2,011 Bitcoin and purchasing 1,670 more. It launched a Starwood Capital joint venture to deploy 1 gigawatt of digital infrastructure, scalable to 2.5GW.
1. Q4 Financial Performance
Mara Holdings recorded a net loss of $4.52 per share on revenue of $202.3 million for the fourth quarter, falling short of the consensus loss of $0.30 per share and revenue forecast of $257.45 million. The results reflect higher operating costs and broader industry challenges in Bitcoin mining.
2. Bitcoin Production and Treasury Strategy
During the quarter, the company mined 2,011 Bitcoin and acquired an additional 1,670 Bitcoin under its treasury management plan, bolstering its digital asset holdings despite market headwinds.
3. Starwood Infrastructure Partnership
Mara formed a joint venture with Starwood Capital Group to convert select sites into digital infrastructure hubs, targeting one gigawatt of near-term IT capacity with a path to 2.5GW. The collaboration aims to provide predictable energy and capacity for enterprise, hyperscale and AI workloads while optimizing capital deployment.