MARA Holdings (NASDAQ:MARA) is a unique corporate animal. The company is an expert at accessing and converting underutilized energy sources to power advanced bitcoin mining operations around the world.
First, MARA has acquired the rights to 1.3 terawatts of immediately available global power capacity which provides energy to 16 data centers on 4 continents. These energy reservoirs are transformed by MARA from unused and stranded excess power generation at the point of production from a wide variety of sources including natural gas, landfill gas, biogas and heat recovery systems. There is more, MARA is also a leading dispatchable compute platform.
The company has recently launched 2PIC next generation immersion cooling which may open doors to serve artificial intelligence and high-performance computing (AI/HPC) phenomenon. The company is vertically integrated using off the shelf and proprietary software, hardware and infrastructure to mine bitcoin for themselves and their customers. Across the board the company emphasizes their efficiency in every step of the process which seems to resonate with customers who contributed $131.6 million in revenue, $21.8 million adjusted EBITDA and $1.8 billion in available liquidity, as of the most recent quarter. As one might suspect, MARA is a substantial holder of Bitcoin. Our summary does not do justice to managements’ on the ground execution of everyday business nor their long-term strategic plan. We look forward to digging into this dynamic name more and suggest investors do the same.
Knowledge is power.
