In 2024, MARA, formerly known as Marathon Digital, loaned out 7,377 bitcoins to third parties. The company is actively pursuing income generation to offset operational costs through short-term arrangements with trusted third parties.
MARA's BTC Lending Program
MARA's Robert Samuels shared insights into the company's bitcoin lending activities without disclosing specific figures. The program focuses on short-term agreements with reputable partners, generating modest single-digit yields.
Growth to 50 EH/s Computing Power
In December 2024, MARA became the first publicly traded mining company to reach 50 exahashes per second (EH/s) in computational power. As of January 3, 2025, the company has increased its power to 53.2 EH/s.
Reserve Increase and Investments
MARA acquired 22,065 bitcoins at an average price of $87,205 per coin in 2024 and mined an additional 9,457 BTC, bringing the company's total bitcoin holdings to 44,893 BTC. They also raised $1.9 billion through two senior convertible note offerings in November and December 2024.
MARA's strategic activities in 2024 showcased its strong commitment to enhancing its financial strength and maintaining high operational levels. The company actively invests in increasing its reserves, drawing attention from major investors and market participants.
