Bitcoin Miner Mara Holdings (Mara) shares jumped almost 4% in trade after the market after the company has recorded record turnover for its second quarter, beating the expectations of Wall Street.
Mara declared a turnover of $ 238.5 million, or 64%, going from $ 145.1 million in the same quarter a year ago, according to a presentation of profits. The mining company said that the increase was mainly due to a 50% increase in the price of average bitcoin during the quarter. Mara’s revenues also beat the average estimate of analysts of $ 227.9 million, according to FactSet data.
The company has undermined 2,358 bitcoin during the quarter, an increase of 3% compared to the previous quarter. Attractive or under -tensioning machines that are currently online increased by 6% to 57.4 EH / S. Mara aims to reach 75 eh / s at the end of this year.
The minor, who began to buy bitcoin on the free market, currently has nearly 50,000 BTC in his record, making it the second largest company listed, after strategy (MSTR), to keep Bitcoin in his treasury. At the current punctual price of $ 117,618, assets were worth nearly $ 6 billion.
However, unlike many other Bitcoin cash companies, the firm said that it did not only contain the BTC on its balance sheet; On the contrary, he actively manages them. It has around 31% or 15,550 Bitcoin loans, actively managed or promised as guaranteed in the context of its treasury management.
“We are more than a Bitcoin cash company,” said Mara in the letter. “And because we are operators, not only the holders, we consider Bitcoin as a productive asset. We actively deploy parts of our assets to improve yields and strengthen our long-term capital position,” he added.
