MARA Holdings Adds 705 BTC in August, Total Treasury Surpasses 52,000 BTC
MARA Holdings (MARA) strengthened its bitcoin (BTC) reserves, reporting 52,477 BTC in total holdings as of August 31 after mining 705 BTC during the month. The company mined 208 blocks, capturing 4.9% of network rewards, while its energized hash rate rose 1% month-over-month to 59.4 EH/s. MARA did not sell any bitcoin in August, seizing the opportunity provided by the recent price decline to expand its treasury. Bitcoin fell over 6% in August, its largest drop since February.
“August’s market pullback allowed us to strategically increase our BTC holdings,” said CEO Fred Thiel.
The company is advancing its Texas wind farm project, with all mining equipment installed and operational, on track for Q4 completion. Internationally, MARA secured an agreement to acquire a 64% stake in Exaion, an EDF subsidiary, with an option to raise ownership to 75% by 2027, aiming to integrate its infrastructure with AI and edge computing solutions.
MARA also inaugurated its European headquarters in Paris, emphasizing sustainable energy initiatives, grid partnerships, and repurposing unused electricity.
MARA shares dropped 5% on Thursday, leaving the stock down 14% year-to-date.
