MARA Mines 705 BTC in August as Treasury Holdings Top 52,000

MARA Holdings (MARA) reported that its bitcoin (BTC) holdings climbed to 52,477 BTC arsenic of Aug. 31, aft the crypto mining institution produced 705 BTC during the month.

The institution mined 208 blocks, maintaining a 4.9% stock of web rewards. Energized hashrate roseate 1% month-over-month to 59.4 exahashes per 2nd (EH/s). MARA opted not to merchantability immoderate BTC successful August, with absorption noting that the terms diminution provided an accidental to turn reserves.

The largest cryptocurrency fell much than 6% successful August, the worst show since February.

“Given the diminution successful bitcoin terms during the month, we took the accidental to strategically adhd to our treasury and presently clasp implicit 52,000 BTC,” said CEO Fred Thiel.

MARA remains connected way to implicit its Texas upwind workplace buildout by the 4th quarter, with each miners on-site and connected. Internationally, the institution signed an statement to bargain a 64% involvement successful Exaion, a subsidiary of EDF, with the enactment to summation to 75% by 2027. The woody aims to integrate MARA’s infrastructure with AI and borderline solutions.

MARA besides opened its European office successful Paris, reinforcing its absorption connected sustainability, grid partnerships and the repurposing of unused energy.

MARA shares fell 5% connected Thursday and are down 14% twelvemonth to date.