Marathon Digital Holdings, the second-largest corporate holder of Bitcoin, has temporarily loaned out around 16% of its treasury.
Short-term BTC Loans
Marathon Digital Holdings disclosed that 7,377 BTC, valued approximately at $730 million, has been loaned out. According to Director of Investor Relations Robert Samuels, the loans are short-term arrangements with well-established third parties. The program has generated significant interest in the market, aiming to generate enough yield to cover operating expenses.
Production and Purchase Dynamics
The company has also mined 9,457 BTC and acquired an additional 22,065 BTC at an average price of $87,205 throughout 2024. MARA surpassed its year-end hash rate target, reaching 50 EH/s while improving fleet efficiency to 20 J/TH.
Mining Ecosystem Outlook
Bitcoin mining remains a challenging business with high competition and block subsidies being halved every four years. In January 2025, Bitcoin hash rate hit an all-time high of 817 EH/s, while hashprice stays low at $0.057 per Terahash per second per day.
Marathon Digital Holdings is actively engaging in BTC loan programs and production expansion. The BTC loan program has attracted significant interest and is part of the strategy to offset operational costs.
