Bitcoin mining company MARA Holdings (formerly Marathon Digital Holdings) has just announced details about the lending program #bitcoin in the December 2024 report, with an impressive figure: 7,377 BTC has been lent, worth over 730 million USD, accounting for 16.4% of the company's total reserves.

Profit Maximization Strategy from Bitcoin Lending

  • Short-term agreements: #MARA execute short-term loan contracts with reputable partners, but do not disclose identities.

  • Economic benefits: The lending program helps MARA offset mining operating costs and increase profits for shareholders.

Year 2024: A Strong Transformation

MARA not only focuses on mining but also actively expands its Bitcoin inventory:

  1. Mining and buying:

    • Mining: 9,457 BTC.

    • Buy more: 22,065 BTC at an average price of 87,205 USD/BTC.

    • Total reserves: 44,893 BTC, worth over 4.4 billion USD.

  2. Strong finance:

    • Raised 1.9 billion USD through three rounds of interest-free convertible bond issuance in August, November, and December 2024.

    • The majority of the capital is used to buy Bitcoin.

Industry Leading Position in Bitcoin Mining

  • MARA ranks second on the list of public companies holding the largest Bitcoin, only behind MicroStrategy (446,400 BTC) and far ahead of Riot Platform.

  • Reached a milestone of 50 EH/s Energized #hashrate per second in December 2024, with an actual capacity of up to 53.2 EH/s.

Insights from MARA's CEO

Fred Thiel, CEO and Chairman of MARA, shared:

"The strategy of combining mining and buying Bitcoin helps us accumulate assets at attractive prices, optimizing long-term value for shareholders."

Conclusion

MARA continues to affirm its position in the Bitcoin mining industry with innovative strategies and strong finances. With significant Bitcoin accumulation capabilities and expanding mining operations, the company is preparing for a promising future amid increasing competition. 🚀