Marathon-Why MARA Holdings Stock Is Soaring Today

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]