According to BlockBeats, on January 6, listed Bitcoin mining company MARA has lent 7,377 BTC to third parties to generate income, accounting for about 16% of its total reserves. MARA did not disclose the identity of the third party that borrowed its BTC. Robert Samuels, director of investor relations at MARA, said that these loans were "short-term arrangements reached with well-known third parties."
He added that the company is generating “modest earnings” and has been actively involved in such loans throughout 2024. He added that “the long-term goal is to generate sufficient earnings to offset operating expenses.” In addition, MARA reported interest income of $3.9 million in the third quarter of 2024, mainly from cash on its balance sheet and interest generated from lending BTC.
The company generated $4.8 million in interest income in the first half of 2024 (although this income was not mentioned in previous documents). As for other developments, MARA reported exceeding the 50 EH/s milestone in computing power, with a powered computing capacity of 53 EH/s as of the end of last year. The company maintained an actual computing power of approximately 47 EH/s, consistent with its performance from November of last year.
