Move over, Bitcoin miners! MARA Holdings is ready to ride the second wave of AI, and they’re not just talking the talk. They’ve got the numbers to back it up. 🤑
In their latest Q4 report, MARA posted a whopping $214.4 million in revenue, smashing the $183.9 million consensus estimate by 16.5%. But wait, there’s more! They also stacked an additional 18,146 Bitcoin, bringing their total Bitcoin stash to 44,893 Bitcoin. 😮
So, what’s their secret sauce? MARA believes that the second wave of AI will revolve around AI inferencing, not training. In other words, they want the power of the infrastructure for this inferencing, which they believe will “look a whole lot like traditional cloud.” 🌩️
But don’t worry, they haven’t forgotten their Bitcoin mining roots. They’ve managed to increase their energized hashrate to 53.2 exahashes per second (EH/s) in Q4, marking a 115% increase from Q4 2023. ⚡️
MARA’s AI Plans: From Bitcoin Mining to Powering the Next AI Wave
It’s no wonder that MARA’s shares are up 5.9% in after-hours trading to $13.18. But remember, folks, the stock market is like a box of chocolates – you never know what you’re gonna get. 🍫
So, will MARA’s AI plans pay off? Only time will tell. But one thing’s for sure – they’re not afraid to take a strategic pause and observe the situation carefully. 🤔
In the meantime, let’s all sit back, relax, and watch the Bitcoin and AI worlds collide. 🚀🤖
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2025-02-27 03:06