MARA Announces Bitcoin Production and Mining Operation Updates for January 2025

Core Insights - The company reported a 12% month-over-month decline in blocks won in January 2025, totaling 218 blocks compared to 249 in December 2024 [1][2][4] - The total Bitcoin (BTC) produced in January was 750 BTC, reflecting a 13% decrease from 865 BTC in the previous month [4][6] - The company increased its BTC holdings to 45,659 BTC, indicating a strategic accumulation of assets [1] Operational Highlights - The average BTC produced per day decreased by 13%, from 27.9 BTC in December to 24.2 BTC in January [4] - The energized hash rate remained stable at 53.2 EH/s, with no new miners brought online during January [4][6] - The share of available miner rewards dropped to 5.1% from 5.9%, while transaction fees as a percentage of total rewards decreased from 2.7% to 1.6% [4][6] Strategic Focus - The company is focused on optimizing its mining fleet and implementing strategic enhancements to improve long-term efficiency and performance [3][4] - Successful conversion of over 230 containers to immersion cooling at the Texas site has led to high uptime and increased hashrate without additional power consumption [3] - Plans for 2025 include expanding mining capacity and prioritizing near net zero cost energy solutions [4]