The latest updates from Bitcoin mining company MARA are revealed! In its December production report, MARA disclosed that it has used 7,377 bitcoins for short-term third-party loan activities, accounting for 16.4% of its reserves, to obtain a 'single-digit' yield. This strategy provides the company with greater financial flexibility.
Meanwhile, MARA has purchased 22,065 bitcoins at an average price of $87,205 in 2024 and mined 9,457 bitcoins, bringing its total reserves to 44,893 bitcoins, valued at over $4.4 billion. The company has exceeded its target of 50 EH/s in computing power, peaking at 53.2 EH/s.
CEO Fred Thiel stated that the dual strategy of mining and purchasing helps enhance long-term shareholder value. 📈💰