Bitcoin Miner MARA Lends 16% of Reserves to Boost Yield and Operational Sustainability

MARA loans 16% of reserves to credible parties aiming for yield and operational cost management.

MARA grew reserves by 192% in 2024 through mining and Bitcoin acquisitions at strategic rates.

MARA boosted mining hashrate by 15% and holds 44,893 Bitcoin valued at 4.4 billion dollars.

Bitcoin miner MARA has loaned 7,377 Bitcoin to third parties. This represents 16% of its total reserves of 44,893 Bitcoin. The company outlined this in its latest production update. The loans aim to generate yield and support operating expenses.

Short-Term Loans to Credible Counterparties

The loans are short-term and involve credible counterparties. MARA targets modest single-digit yields from this program. This approach is part of its strategy to maintain operational sustainability.

In 2024, MARA earned 3.9 million dollars in interest income during the third quarter. It also earned 4.8 million dollars in the first half of the year. Despite market risk aversion, demand for the lending program remains high. Failures of BlockFi and Genesis in 2022 highlighted counterparty risks, but MARA continues its lending strategy.

Growth in Bitcoin Reserves

MARA ended 2024 with 44,893 Bitcoin in reserves. This marks a 192.5 percent increase from its starting reserves of 15,174 Bitcoin. The company achieved this growth by mining 9,457 Bitcoin and purchasing 22,065 Bitcoin. The average acquisition rate was 87,205 dollars per Bitcoin.

The total reserves are now valued at approximately 4.4 billion dollars at current market prices. MARA follows a treasury policy of holding all mined Bitcoin while increasing reserves through capital markets and acquisitions.

Improved Mining Performance

MARA reported an energized hashrate of 53 exahashes per second by December 31, 2024. Its realized hashrate, reflecting effective mining power, stood at 47 exahashes per second. This level remained consistent with November and showed a 15 percent increase from earlier in the year.

Strategic Focus on Bitcoin and Future Growth

MARA continues to view Bitcoin as a core strategic asset. It plans further investments in mining and acquisitions to strengthen its position. The company remains optimistic about Bitcoin’s long-term value and potential market growth.

MARA focuses on scaling operations while managing risks in the competitive cryptocurrency industry. This balanced approach supports its sustainability goals and financial performance.

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