Marathon Digital Earnings Reports

Marathon Digital Holdings delivered a standout Q2 2025, achieving record revenues and net income. Operational efficiency and increased hashrate, combined with the appreciation in bitcoin's value, led to a net income of over $808 million. The company mined 2,358 BTC and now holds nearly 50,000 BTC in its treasury.

The company posted a net loss of over $533 million due to a $510 million loss on the fair value of digital assets, despite achieving a 30% year-over-year revenue increase and improvements in mining efficiency and hashrate.

Marathon Digital Holdings achieved record-high revenue, net income, and Adjusted EBITDA in Q4 2024. Revenues increased 37% year-over-year to $214.4 million, net income surged 248% to $528.3 million, and Adjusted EBITDA grew 207% to $794.4 million. The company's strategic shift to a vertically integrated energy and digital infrastructure model, coupled with significant acquisitions and operational improvements, contributed to these strong results.

Marathon Digital reported a net loss of $125 million, or $0.42 loss per diluted share, in Q3 2024, compared to a net loss of $390 thousand in the same quarter last year. Revenue increased 35% to $132 million from $98 million in Q3 2023, driven by a higher average price of BTC. The company's BTC holdings increased by 45% to 26,747 BTC, and it secured a $200 million line of credit collateralized by BTC holdings.

Marathon Digital reported a 78% increase in revenue to $145.1 million for Q2 2024. However, the company experienced a net loss of $199.7 million due to a $148.0 million fair market value loss. The company produced 2,058 BTC, averaging 23 BTC per day.

Marathon Digital Holdings reported a record first quarter in 2024, with revenues increasing by 223% to $165.2 million and net income increasing by 184% to $337.2 million, or $1.26 per diluted share. The company's adjusted EBITDA also increased by 266% to $528.8 million. This growth was driven by strategic acquisitions and leveraging Bitcoin's positive momentum.

Marathon Digital Holdings reported a record fourth quarter with a 452% increase in revenue to $156.8 million and net income of $151.8 million. The company produced 4,242 bitcoin during the quarter and saw substantial improvement in adjusted EBITDA.

Marathon Digital Holdings reported a net income of $64.1 million, or $0.35 per diluted share, compared to a net loss of $72.5 million in the same period last year. Revenues significantly increased to $97.8 million, driven by a 467% increase in bitcoin production and higher average bitcoin prices.