MARA Announces Bitcoin Production and Mining Operation Updates for January 2025

Core Insights - MARA reported a 12% month-over-month decline in the number of blocks won in January 2025, totaling 218 blocks compared to 249 in December 2024 [3][5] - The company increased its Bitcoin holdings to 45,659 BTC, indicating a strategic focus on accumulating digital assets [1][2] Operational Highlights - The BTC produced in January 2025 was 750, down 13% from 865 in December 2024, with an average daily production of 24.2 BTC, also a 13% decrease [5] - The share of available miner rewards decreased to 5.1% from 5.9%, while transaction fees as a percentage of total rewards fell from 2.7% to 1.6% [5] - The energized hash rate remained stable at 53.2 EH/s, unchanged from the previous month [5] Management Strategy - The company is focused on optimizing its mining fleet and implementing strategic enhancements to improve long-term efficiency and performance [4] - Significant upgrades include the conversion of over 230 containers to immersion cooling at the Wolf Hollow site, which is expected to enhance efficiency without increasing power consumption [4] - MARA aims to expand its mining capacity in 2025, prioritizing near net zero cost energy solutions [5]