Bitcoin Miner MARA Hits 52,477 BTC in August

MARA mined 705 BTC in August, boosting its treasury to 52,477 BTC. The company advances its Texas wind farm and expands in Europe despite share decline.

Bitcoin Mining Results

MARA Holdings, one of the world’s largest bitcoin mining companies, announced that its holdings reached 52,477 BTC by the end of August. The firm mined 705 BTC during the month, securing 4.9% of network rewards.

The company produced 208 blocks, while energized hashrate grew 1% month-over-month to 59.4 EH/s. MARA did not sell any of its mined bitcoin in August, noting that the 6% decline in BTC price offered a chance to build reserves.

CEO Fred Thiel said the dip allowed the company to strategically increase its bitcoin treasury.

Renewable Energy and Global Expansion

MARA remains on track to finish its Texas wind farm by Q4 2025, with all miners installed and connected.

Internationally, the firm purchased a 64% stake in Exaion, a subsidiary of EDF, with an option to raise its share to 75% by 2027. The acquisition aims to combine MARA’s mining infrastructure with AI and edge computing solutions.

MARA also opened a European headquarters in Paris, highlighting its commitment to sustainability, energy partnerships, and using excess power.