MARA Mines 705 BTC in August, Boosts Treasury to 52,477 BTC Amid Expansion Plans
MARA Holdings (MARA) increased its bitcoin holdings to 52,477 BTC as of August 31, following the production of 705 BTC during the month.
The miner processed 208 blocks, capturing a 4.9% share of network rewards, while its energized hash rate rose 1% month-over-month to 59.4 EH/s. MARA opted not to sell any BTC in August, citing the price dip as an opportunity to grow its treasury. Bitcoin’s price fell over 6% in August, marking its largest monthly drop since February.
“Given the decline in bitcoin prices, we strategically added to our treasury and now hold more than 52,000 BTC,” said CEO Fred Thiel.
Operationally, MARA is advancing its Texas wind farm project, with all miners installed and connected, aiming for completion in Q4. Internationally, the company signed a deal to acquire a 64% stake in Exaion, a subsidiary of EDF, with the option to increase to 75% by 2027, integrating its infrastructure with AI and edge computing solutions.
MARA also launched its European headquarters in Paris, emphasizing sustainability, grid partnerships, and repurposing unused energy.
Shares of MARA fell 5% on Thursday, leaving the stock down 14% year-to-date.
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