#BitcoinHashRateSurge

MARA Holdings, known as the leading Bitcoin miner by market cap, recently made an interesting move with its Bitcoin lending program. 💸 They lent out 7,377 BTC to third parties to generate revenue from their digital assets and manage operating costs. 📊

The lending program accounts for about 16% of MARA’s total Bitcoin holdings, and is expected to yield returns of less than 10%. 📉 While there was a slight decrease in Bitcoin production last month to 890 BTC, this is still a significant achievement. 🏆 Since last April, this is the second-highest production level after the block reward halving.

MARA has also acquired 22,065 BTC at an average cost of $87,205 during 2024, and their total reserves now stand at 44,893 BTC. 📈 They are the second-largest Bitcoin holder among publicly traded companies after MicroStrategy. 🎖️ In addition, MARA mining pool showed an incredible 168% year-on-year hash rate growth, far above the 49% increase of the Bitcoin network.

Although MARA stock is only up 2.60% this month, its total gain is 14% for the year. 📈 This Bitcoin lending initiative is crucial for managing operational costs and utilizing their Bitcoin reserves, thus strengthening their position in the market. 🔑

So, Bitcoin lending by MARA Holdings could be a smart move to increase revenue while still managing their digital assets effectively! 🚀