According to Odaily Planet Daily, listed Bitcoin mining company MARA has lent 7,377 BTC to a third party, accounting for about 16% of its total reserves. MARA did not disclose the identity of the borrower, but called it a short-term arrangement.
MARA's director of investor relations said the company is generating modest earnings with the goal of offsetting operating expenses. Interest income was $3.9 million in the third quarter of 2024, mainly from cash and lending BTC.
In addition, MARA reported a hashrate of over 50 EH/s, with a powered hashrate of 53 EH/s at the end of last year, and actual hashrate remaining at around 47 EH/s.
