Mara Holdings, a leading Bitcoin mining company, has shared its December 2024 production update on their X platform. The report highlights significant achievements in mining capacity, reserves, overall performance, solidifying Mara’s position as an industry leader.
Key Highlights from December
Increased Hash Rate: The company’s energized hash rate rose 15% to 53.2 EH/s, enabling the company to win 249 blocks, equivalent to 890 BTC. This marks the second-highest monthly block win on record.
Significant Growth in MARAPool: The pool’s hash rate surged by 168% in 2024, significantly outpacing the network’s 49% growth.
Bitcoin Reserves and Mining: The company’s total Bitcoin holdings reached 44,893 BTC, valued at $4.2 billion (spot price: $93,354 per BTC). The company mined 9,457 BTC throughout the year and acquired an additional 22,065 BTC at an average price of $87,205.
Diversified Strategies
The company also revealed it has loaned 7,377 BTC, generating additional returns, and achieved a year-to-date BTC yield per share of 62.7%. These figures indicate the company’s diversified approach to optimizing its Bitcoin assets and increasing shareholder value.
Industry Leadership
With December’s production of 890 BTC, the mining company solidifies its reputation as a top Bitcoin miner. The company’s growing reserves and operational advancements indicates its ability to scale effectively in competitive and rapdily evolving market.
Mara’s continued focus on expanding its hash rate strategic acquisition of Bitcoin position it as a dominant force in the cryptocurrency mining sector heading into 2025.
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