Business
MARA Announces Bitcoin Production and Mining Operation Updates for February 2025
BTC Production Per Day Increased 4% M/M206 Blocks Won in February, 6% Decrease M/MIncreased BTC Holdings* to 46,374 BTC Fort Lauderdale, FL, March 04, 2025
About this update from Mara Holdings, Inc.
[{"type":"text","content":"BTC Production Per Day Increased 4% M/M206 Blocks Won in February, 6% Decrease M/MIncreased BTC Holdings* to 46,374 BTC Fort Lauderdale, FL, March 04, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (\"MARA\" or the \"Company\"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin (\"bitcoin\" or \"BTC\") production updates for February 2025. Management Commentary \"In February, our bitcoin production per day increased 4% over January,\" said Fred Thiel, MARA's chairman and CEO. \"Blocks won and bitcoin production decreased by 6% month-over-month, primarily due to a higher network difficulty level and three fewer operational days. Our energized hashrate was slightly above the prior month, and we are close to finishing construction of a 40-megawatt data center in Ohio where we plan to install over ten thousand S21 Pro immersion miners. \"We established the Company's leadership in bitcoin mining through an asset-light model, transformed it into a vertically integrated energy and infrastructure company in 2024, and in 2025, we will continue to focus on being the dominant player in bitcoin mining while expanding our footprint in energy generation. \"In conjunction with our emerging technology business, we are taking steps today, including investing in research and development, to establish our presence in AI and adjacent markets, which we expect will create additional revenue opportunities over the long term. We expect our costs to decline as we realize savings from owning our sites and generating our own power, and we will be laser-focused on efficiency as we drive towards our goal of low-cost energy.” Operational Highlights and Updates Figure 1: Operational Highlights Prior Month ComparisonMetric 2/28/2025 1/31/2025 % Δ Number of Blocks Won 1 206 218 (6)%BTC Produced 706 750 (6)%Average BTC Produced per Day 25.2 24.2 4%Share of available miner rewards 2 5.4% 5.1% NM Transaction Fees as % of Total 1 1.4% 1.6% NM Energized Hashrate (EH/s) 1 53.7 53.2 1% These metrics are MARAPool only and do not include blocks won from joint ventures.Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the perio...