#BitcoinHashRateSurge

The MARA miner sent 7377 BTC (16.4% of bitcoin reserves) to cryptocurrency lending services to obtain a "modest" additional income. According to Vice President Robert Samuelson, the company will focus on short-term agreements "with well-established third parties" that have been active throughout 2024. The expected return on contracts does not exceed 10% per annum. The long-term goal of MARA Holdings is to generate an influx of funds sufficient to cover operating costs. According to the report published on January 3, in 2024 the company acquired 22,065 BTC at an average price of $87,205 and mined 9,457 BTC. MARA's CEO and Chairman Fred Thiel noted that the hybrid approach combining mining and purchasing bitcoin provides the company with significant flexibility to acquire the asset at attractive prices. He stated that such a strategy strengthens the firm's position and enhances its ability to provide long-term value for shareholders.

Previously, MARA Holdings purchased 11,774 BTC for ~$1.1 billion at an average price of around $96,000 per coin.

The coins were acquired with funds raised from the sale of convertible bonds with a 0% coupon.