MARA Holdings, Inc. (NASDAQ:MARA) shares are trading higher Friday after the company reported fourth-quarter financial results on Thursday after the market closed. The company also announced a collaboration with Starwood Capital Group to convert select MARA sites into digital infrastructure sites.
Mara Misses Estimates, Announces Major Infrastructure Partnership
Mara reported a loss of $4.52 per share, missing the consensus estimate of a 30 cent-loss. In addition, the company posted revenue of $202.30 million, missing the consensus estimate of $257.45 million.
For the quarter, Mara mined 2,011 Bitcoin and purchased an additional 1,670 Bitcoin as part of its broader treasury strategy.
Alongside earnings, Mara announced a partnership with Starwood aimed at enabling the conversion and expansion of select Mara sites into digital infrastructure capable of supporting enterprise, hyperscale and AI customers.
The companies said they expect to deliver approximately one gigawatt of near-term IT capacity, with a pathway to more than 2.5 gigawatts.
"MARA's power-rich sites give customers what they need most: predictable access to energy at scale," said Fred Thiel, chairman and CEO of Mara Holdings.
"Our partnership with Starwood will allow us to turn that power certainty into capacity certainty, so customers can run diverse workloads close to their data and users. This joint venture structure also gives us a more capital-efficient way to accelerate the buildout of digital infrastructure across our portfolio."
Mara Shares Climb Higher
MARA Price Action: At the time of publication, Mara shares are trading 12.54% higher at $9.50, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
