MARA Holdings (NASDAQ:MARA) surged over 10% after announcing a joint venture with Starwood Digital Ventures to pivot mining sites toward AI infrastructure, despite reporting a $1.7 billion Q4 loss driven by Bitcoin (CRYPTO: BTC) writedowns.

MARA Reports $1.7 Billion Q4 Loss

The company reported a Q4 net loss of $1.7 billion compared to net income of $528.3 million a year earlier. 

A $1.5 billion decline in the fair value of Bitcoin holdings wiped out operating gains as BTC dropped from $114,068 at the end of Q3 to $87,498 by December 31.

Revenue fell 6% to $202.3 million from $214.4 million in Q4 2024, driven by a 14% drop in the average price of Bitcoin mined during the quarter. 

Full-year…

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