"If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes." That's sage advice from billionaire investor Warren Buffett, who has been a buy-and-hold investor for decades. But while buying and holding investments for decades is a solid way of achieving significant gains on the stock market, some investors have amassed incredible returns over much shorter time frames. Below, I'll look at three stocks that have generated significant gains for investors over the ...

Investor based in Geneva, Switzerland. Follow me on Twitter @GenevaInvestor for daily macro & investing nuggets. I write about macroeconomics, global trends, and what I believe are asymmetric investment opportunities in the market. I have a Master's degree in Business Management. I am currently bullish on PLTR, US equities, Bitcoin. Friend "Rex Investing" is also a contributor to Seeking Alpha. Check out our Podcast: ‘Stock Market Lube’, available on Spotify.All opinions and analysis on SA are exclusively m ...

Core Viewpoint - GraniteShares has launched two new leveraged ETFs, GraniteShares 2x Long MARA Daily ETF (MRAL) and GraniteShares 2x Long MRVL Daily ETF (MVLL), aimed at providing investors with amplified exposure to MARA Holdings and Marvell Technology [1][4]. Company Overview - GraniteShares is a global investment firm focused on creating and managing innovative ETFs, particularly in the leveraged single-stock ETF space, and is headquartered in New York City [5]. Product Details - The new ETFs, MRAL and MVLL, are designed to achieve daily investment results of 200% of the daily performance of MARA and MRVL, respectively, before fees and expenses [2][3]. - These ETFs are intended for sophisticated investors looking to capitalize on short-term movements in the respective stocks, providing an efficient way to leverage market trends and events [3][4]. Market Context - The launch of MRAL and MVLL reflects GraniteShares' commitment to offering high-conviction investment opportunities in rapidly evolving sectors, specifically digital assets and semiconductor technology [4].

Core Insights - MARA Holdings, Inc. reported a 4% month-over-month increase in bitcoin production per day for February 2025, despite a 6% decrease in the number of blocks won and total BTC produced due to higher network difficulty and fewer operational days [1][2][5] - The company currently holds a total of 46,374 BTC and did not sell any BTC in February [6] Operational Highlights - The number of blocks won decreased from 218 in January to 206 in February, a 6% decline [5] - Total BTC produced fell from 750 in January to 706 in February, also a 6% decrease [5] - Average BTC produced per day increased from 24.2 in January to 25.2 in February, a 4% increase [5] - The energized hashrate rose slightly from 53.2 EH/s in January to 53.7 EH/s in February, a 1% increase [5] Strategic Focus - The company aims to maintain its leadership in bitcoin mining while expanding its energy generation capabilities [3] - MARA is investing in research and development to establish a presence in AI and adjacent markets, which is expected to create additional revenue opportunities [4] - The company anticipates cost reductions through owning its sites and generating its own power, focusing on efficiency to achieve low-cost energy [4]

Core Viewpoint - MARA Holdings, Inc. reported a 4% increase in daily bitcoin production in February 2025, despite a 6% decrease in the number of blocks won and total BTC produced due to higher network difficulty and fewer operational days [2][3][6]. Production and Operational Highlights - Daily bitcoin production increased to an average of 25.2 BTC, up from 24.2 BTC in January, marking a 4% month-over-month increase [6]. - The total number of blocks won decreased to 206, down from 218, representing a 6% decline [6]. - Total BTC produced in February was 706, a decrease of 6% from 750 in January [6]. - The energized hashrate slightly increased to 53.7 EH/s from 53.2 EH/s, reflecting a 1% growth [6]. Financial and Strategic Developments - The company held a total of 46,374 BTC as of February 28, 2025, and did not sell any BTC during the month [8]. - MARA is focused on maintaining its leadership in bitcoin mining while expanding its energy generation capabilities [4]. - The company is investing in research and development to establish a presence in AI and adjacent markets, which is expected to create additional revenue opportunities in the long term [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to______ MARA HOLDINGS, INC. (Exact name of registrant as specified in charter) (State or other jurisdiction of incorporation or organization) (Commission F ...

Core Insights - MARA Holdings exceeded Wall Street expectations in Q4, reporting adjusted earnings of $1.24 per share against an anticipated loss of $0.16 per share, with revenue reaching $214 million, a 37% year-over-year increase [3] - The company's stock experienced a significant price increase of up to 19.3% following the earnings report, although it remains down 55% over the past year [2] Financial Performance - MARA generated 2,492 Bitcoins in Q4 at an average cost of $52,035 per coin and purchased an additional 15,574 Bitcoins at an average cost of $98,531 per coin [3] - The company reported a revenue of $214 million, surpassing the expected $181 million [3] Business Model - MARA's revenue model includes reporting the fair value of Bitcoin holdings, selling data center services, and generating energy from its wind farms and hydroelectric generators, which have a combined capacity of 136 megawatts [4] - The company has diversified its portfolio to include energy and computing services, which may provide stability during downturns in the cryptocurrency market [7] Market Position - MARA's share of global Bitcoin mining rewards increased to 5.6% in Q4, up from 4.8% in the previous period and 4.4% in Q4 of the previous year [6] - The company is highly dependent on rising Bitcoin prices for long-term financial health, with its financials suffering during price declines [5]

MARA Holdings, Inc. (NASDAQ:MARA) Q4 2024 Earnings Conference Call February 26, 2025 5:00 PM ET Company Participants Robert Samuels - Vice President, Investor Relations Fred Thiel - Chairman & Chief Executive Officer Salman Khan - Chief Financial Officer Conference Call Participants Brett Knoblauch - Cantor Fitzgerald Operator Greetings, and welcome to MARA's Q4 2024 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note that this conference is being rec ...

Group 1: Earnings Performance - Marathon Digital Holdings, Inc. reported quarterly earnings of $1.24 per share, significantly beating the Zacks Consensus Estimate of a loss of $0.32 per share, representing an earnings surprise of 487.50% [1] - The company posted revenues of $214.39 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 12.25%, compared to year-ago revenues of $156.77 million [2] Group 2: Stock Performance and Outlook - Marathon Digital shares have declined approximately 26% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.10 on revenues of $223.65 million, and for the current fiscal year, it is -$0.56 on revenues of $949.19 million [7] Group 3: Industry Context - The Technology Services industry, to which Marathon Digital belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Performance - Revenues increased 37% to $214.4 million in Q4 2024 from $156.8 million in Q4 2023; full-year revenues grew 69% to $656.4 million from $387.5 million in 2023[7] - Net income surged 248% to $528.3 million in Q4 2024 compared to $151.8 million in Q4 2023; for the full year, net income grew 107% to $541.0 million from $261.2 million in 2023[7] - Adjusted EBITDA rose 207% to $794.4 million in Q4 2024, setting a new industry benchmark, compared to $259.0 million in Q4 2023; full-year Adjusted EBITDA was $1.2 billion compared to $417.1 million in 2023[7] - Net income for Q4 2024 was $528.3 million, or $1.24 per diluted share, up 248% from $151.8 million, or $0.66 per diluted share, in Q4 2023; full year net income increased 107% to $541.0 million from $261.2 million[47][48] - Adjusted EBITDA reached $794.4 million in Q4 2024, a significant increase from $259.0 million in Q4 2023, and totaled $1.2 billion for the full year compared to $417.1 million in the prior year[58][59] - General and administrative expenses for the full year were $114.4 million, up from $59.8 million in the prior year, primarily due to business scale and acquisitions[57] - General and administrative expenses for Q4 2024 were $77.924 million, up from $38.014 million in Q4 2023[72] Bitcoin Production and Holdings - The company produced 2,492 BTC in Q4 2024, a decrease of 27% year-over-year, and mined a total of 9,430 BTC for the full year, reflecting a significant impact from the April 2024 halving event[38][44][45] - The company held 44,893 BTC as of December 31, 2024, valued at approximately $3.9 billion based on a spot price of $93,354 per bitcoin[60] - The company acquired 22,065 BTC at an average price of $87,205 during 2024, and did not sell any BTC in Q4 2024[64][60] - The company produced 2,492 BTC in Q4 2024, down from 4,242 BTC in Q4 2023, a decrease of 41.3%[73] Energy Management and Costs - Direct energy cost per bitcoin was $28,801 in 2024, with cost/KWh at $0.039 for owned sites[7] - The average direct energy cost per bitcoin for owned mining sites was $28,801 in 2024, with energy and hosting costs totaling $381.6 million for the year, a 71% increase from $223.3 million in 2023[53][51] - The average cost per kilowatt-hour was $0.046 in Q4 2024, compared to $0.039 in the previous year[73] - The company launched a 25-megawatt micro data center initiative, converting excess flared gas into power for operations[10] Hashrate and Mining Capacity - Energized hashrate increased 115% to 53.2 EH/s in Q4 2024 from 24.7 EH/s in Q4 2023[7] - Energized hashrate increased 115% year-over-year to 53.2 EH/s in Q4 2024, with the deployment of 132,000 new miners[38][55] - The company's energized hashrate at the end of Q4 2024 was 53.2 Exahashes per second, doubling from 24.7 Exahashes per second in Q4 2023[73] Capital Efficiency and Returns - Return on Capital Employed was 30.6% over the last 12 months, indicating strong capital efficiency compared to competitors[38][65] - The return on capital employed for the year was 30.6%, compared to 28.1% in the previous year[73] Risks and Forward-Looking Statements - Forward-looking statements include expectations about future operations, growth targets, and technology development, which are subject to risks and uncertainties[82] - The Company warns that past financial performance may not reliably indicate future performance, and historical trends should not be used to anticipate future results[81] - Risks and uncertainties described in the annual report could significantly impact the Company's business and financial condition[81] - The Company does not undertake to update forward-looking statements except as required by law, cautioning against undue reliance on these statements[82] - Actual results may differ materially from forward-looking statements due to various factors, including those outlined in the risk factors section of the annual report[82]