MARA Holdings Reports 705 BTC Mined in August, Treasury Reaches 52,477 BTC
MARA Holdings (MARA) announced an increase in its bitcoin (BTC) holdings to 52,477 BTC as of August 31, following the production of 705 BTC that month. Key points include:
- Mined 208 blocks, maintaining a 4.9% share of network rewards.
- Energized hashrate rose by 1% to 59.4 EH/s.
- No BTC was sold in August; management viewed the price decline as a chance to grow reserves.
- BTC price fell over 6% in August, marking the worst performance since February.
- CEO Fred Thiel emphasized strategic treasury growth amid price declines.
- Completion of Texas wind farm expected by Q4 with all miners on-site and connected.
- Agreement to acquire a 64% stake in Exaion, with an option to increase to 75% by 2027, focusing on AI integration.
- Opened European headquarters in Paris, enhancing sustainability efforts.
MARA shares dropped 5% on Thursday and are down 14% year-to-date.