According to ChainCatcher, The Block reported that bitcoin mining company MARA disclosed in its December production report that it has allocated 7,377 bitcoins (approximately $730 million) for short-term third-party loan operations, accounting for 16.4% of its reserves, to obtain a 'single-digit' yield.
According to the announcement, MARA purchased 22,065 bitcoins at an average price of $87,205 in 2024, while mining 9,457 bitcoins, bringing its total reserves to 44,893 bitcoins, valued at over $4.4 billion at current prices. The company has exceeded its computational power target of 50 EH/s, reaching a peak of 53.2 EH/s.
MARA's Vice President of Investor Relations, Robert Samuels, stated that the loan program will begin in 2024, primarily in collaboration with well-known third-party institutions. CEO Fred Thiel emphasized that the dual strategy of mining and purchasing provides the company with greater flexibility and helps enhance long-term shareholder value.
