MARA MARA (MARA) Q4 FY25 earnings call
MARA is strategically pivoting from a pure-play Bitcoin miner to an energy and digital infrastructure company, leveraging its power-rich portfolio for AI and HPC workloads through a joint venture with Starwood Digital Ventures and the acquisition of Exaion. This transition aims to diversify revenue streams, enhance cash flow visibility, and maximize long-term value per megawatt, despite significant Bitcoin price volatility impacting Q4 financial results.
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MARA operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Bitcoin mined | 2,247We mined 2,247 Bitcoin or 25 Bitcoin per day in the first quarter of 2026.Source: earnings call transcript | 2,422During the quarter, we mined 2,422 Bitcoin or 26.6 Bitcoin per day, approximately 64 more Bitcoin than the prior year period.Source: earnings call transcript | +7.8% |
| Bitcoin held | 35.303KWe held a total of 35,303 Bitcoin at the end of the quarter, a decrease of 12,228 from the previous year.Source: earnings call transcript | 35.577KWe held a total of 35,577 Bitcoin at the end of the quarter, valued at approximately $2.1 billion at a $58,524 spot price, down from 49,951 Bitcoins held a year ago.Source: earnings call transcript | +0.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.