As of Q4'25, both Operating Cash Flow and Free Cash Flow for MARA have reached 0 USD, marking a significant shift from previous quarters of negative cash flow. This latest data point ends a prolonged period of cash outflows, with the most recent negative values in Q3'25 at -199M USD for Operating Cash Flow and -284M USD for Free Cash Flow. Over the period from Q1'23 to Q4'25, the chart reveals a persistent negative trend in both Operating and Free Cash Flow, with cash outflows deepening notably in late 2024—reaching lows of -313M USD and -499M USD, respectively, in Q4'24. However, after these troughs, both metrics show a gradual recovery through 2025, culminating in a return to break-even by Q4'25. This pattern suggests MARA faced substantial operational and capital challenges before stabilizing its cash flow position at the end of the observed period.