Bitcoin minor Mara Holdings defeated analysts’ expectations in his profit in the second quarter, who saw his share of the action slightly winning after working hours.
Mara Holdings’ revenues increased 64% in annual shift to 238 million dollars, compared to $ 145 million in the second quarter of 2024 and also shot its revenues of $ 214 million in the first quarter of 2025, the company announced on Tuesday.
The company’s revenues beat analysts’ expectations of $ 223.7 million while its net income jumped 505% against one year at 808 million dollars, against a loss of just under $ 200 million in the second quarter of 2024.
The income gain was largely pulled by an unpaid gain of $ 1.2 billion from the Bitcoin (BTC) assessment during the period. The assets won 31% over the three -month period ending on June 30.
Mara shares the gain after the hours
With its release of profits, the actions of Mara Holdings (Mara) increased to a 7.5% summit in the after-hour negotiation on Tuesday at $ 17.82 before cooling off at $ 17.22.
Mara closed on Tuesday down 3.2% to $ 16.61. Its shares have won 58% since a collapse in mid-April, but have largely exchanged laterally for most of this year.
Second bitcoin treasure of the second
Mara said that shortly after the end of the second quarter, her Bitcoin holdings had exceeded 50,000 BTC, which he presented as “consolidating our position as a second Bitcoin Public Holder” behind Microstrategy.
During the second quarter, Mara undermined 2,358 BTC, up 3% compared to the 2,286 products in the previous quarter. Its energetic hashrate of 57.4 exams per second (EH / S) earned 6% out of 54.3 EH / S in Q1.
In relation: Mara collect up to $ 1 billion for Bitcoin and operations via the sale of debts
Bitcoin Holdings of the company increased by 170% to 49,951 BTC, worth around 5.3 billion dollars at the end of June. It currently holds $ 5.87 billion in the asset and is only the second after the strategy, which holds 607,770 BTC worth $ 71 billion.
Eyes on AI growth
The company also announced strategic partnerships with Tae Power Solutions supported by Google and Pado AI supported by Google to co-develop charges and load balancing platforms for new generation AI infrastructure.
Mara aims 75 EH / S at the end of the year and sees an important opportunity on the growing AI and the data center.
“Our vertically integrated mining operations, our major BTC treasures, our international energy -made energy partnerships and the first IA infrastructure investments each contribute to a distinct and measurable value,” said CEO Fred Thiel.
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