Fort Lauderdale, FL, Jan. 03, 2025 — MARA Holdings, Inc. (NASDAQ: MARA), a global leader in leveraging digital asset compute to support the energy transformation, has released unaudited BTC production and miner installation updates for December 2024. Key highlights include a 15% increase in energized hash rate to 53.2 EH/s and a year-end BTC holding of 44,893 BTC, valued at $4.2 billion.
Operational Highlights
Hash Rate and BTC Production
- Energized Hash Rate: Increased by 15% to 53.2 EH/s.
- BTC Production: 890 BTC mined, a 2% decline from November due to reduced luck.
- Annual Growth: MARAPool achieved 168% hash rate growth in 2024, outpacing Bitcoin’s network growth (49%).
Bitcoin Holdings
- Total BTC Holdings: 44,893 BTC ($4.2 billion at $93,354/BTC).
- 2024 Acquisitions: Purchased 22,065 BTC ($87,205 avg.) and mined 9,457 BTC.
- BTC Yield: 62.7% per diluted share for 2024.
Key Metrics (December 2024 vs. November 2024)
| Metric | Dec 2024 | Nov 2024 | Change |
|---|---|---|---|
| Blocks Won | 249 | 254 | -2% |
| BTC Produced | 890 | 907 | -2% |
| Avg. Daily BTC | 28.7 | 30.2 | -5% |
| Energized Hash Rate (EH/s) | 53.2 | 46.1 | +15% |
👉 Explore MARA’s latest mining innovations
Strategic Commentary
Fred Thiel, MARA’s CEO, emphasized the company’s hybrid approach:
- Mining Advantage: Produces BTC at costs below spot prices.
- Market Flexibility: Buys BTC during price declines to optimize acquisition costs.
- Shareholder Value: Loans 7,377 BTC to third parties for additional returns.
BTC Yield Reconciliation (2024)
| Metric | Dec 2023 | Sept 2024 | Dec 2024 |
|---|---|---|---|
| Total BTC Holdings | 15,174 | 26,747 | 44,893 |
| Diluted Shares Outstanding | 254,888 | 341,932 | 463,400 |
| BTC Yield % (YTD) | — | — | 62.7% |
FAQs
1. Why did BTC production decline in December?
A slight decrease in "luck" (block-winning probability) offset the higher hash rate.
2. How does MARA’s hybrid BTC strategy work?
MARA mines BTC at low costs and purchases additional BTC during market dips to balance its treasury.
3. What is MARA’s long-term goal?
To solidify industry leadership by scaling operations and enhancing shareholder value through strategic BTC accumulation.
👉 Learn more about MARA’s sustainable mining practices
Investor Notice
Investing involves risks, including market volatility and operational challenges. For details, review MARA’s SEC filings.
Forward-Looking Statements: This release contains projections subject to risks like regulatory changes and market conditions.
About MARA
MARA develops technologies to convert underutilized energy into economic value via blockchain.
Connect:
- Twitter: @MARAHoldings
- LinkedIn: MARA Holdings
Contact:
- Email: [email protected]
- Media: [email protected]
Released January 3, 2025