MARA Holdings (MARA) reported that its bitcoin holdings climbed to 52,477 BTC as of Aug. 31, after the crypto mining firm produced 705 BTC through the month.
The corporate mined 208 blocks, sustaining a 4.9% share of community rewards. Energized hashrate rose 1% month-over-month to 59.4 exahashes per second (EH/s). MARA opted to not promote any BTC in August, with administration noting that the value decline offered a chance to develop reserves.
The biggest cryptocurrency fell greater than 6% in August, the worst efficiency since February.
“Given the decline in bitcoin value through the month, we took the chance to strategically add to our treasury and at present maintain over 52,000 BTC,” stated CEO Fred Thiel.
MARA stays on observe to finish its Texas wind farm buildout by the fourth quarter, with all miners on-site and linked. Internationally, the corporate signed an settlement to purchase a 64% stake in Exaion, a subsidiary of EDF, with the choice to extend to 75% by 2027. The deal goals to combine MARA’s infrastructure with AI and edge options.
MARA additionally opened its European headquarters in Paris, reinforcing its deal with sustainability, grid partnerships and the repurposing of unused vitality.
MARA shares fell 5% on Thursday and are down 14% 12 months up to now.
