MARA Reveals January 2025 Bitcoin Mining Update: Production Declines and Increased Holdings

MARA's January 2025 Bitcoin Mining Update

MARA (NASDAQ: MARA), a leader in digital asset computing, reported its unaudited Bitcoin (BTC) production and mining operations for January 2025. The company won 218 blocks, marking a 12% month-over-month decrease in production. Despite this decline, MARA has successfully increased its BTC holdings to 45,659 BTC.

Management Insights

Fred Thiel, chairman and CEO of MARA, commented, "In January, our production faced challenges due to fluctuations in network difficulty and intermittent curtailment. Our hashrate remained consistent with December, as no new miners were added during the month."

He emphasized the company's commitment to optimizing its mining fleet and implementing strategic enhancements to improve efficiency and performance. Notably, at the Wolf Hollow site in Texas, they completed the conversion of over 230 containers to immersion cooling, which has significantly increased uptime.

Operational Highlights

• Blocks Won: 218 (down from 249 in December, a 12% decrease)
• BTC Produced: 750 BTC (down from 865 BTC, a 13% decrease)
• Average BTC Produced per Day: 24.2 BTC (down from 27.9 BTC, a 13% decrease)
• Energized Hash Rate: 53.2 EH/s (unchanged from December)

Future Plans

MARA is focused on expanding its mining capacity in 2025, prioritizing near net zero cost energy solutions. They aim to enhance their position as a leader in the BTC mining industry. More details will be shared during their upcoming earnings call at the end of the month.

Investor Notice

Investing in MARA's securities involves risks, and potential investors should review the risk factors detailed in their latest annual report.

About MARA

MARA is committed to converting clean and underutilized energy into economic value while securing the blockchain ledger. For more information, visit MARA's official website.