MARA Mines 705 BTC in August, Total Holdings Surpass 52,000 BTC
MARA Holdings (MARA) boosted its bitcoin treasury to 52,477 BTC after mining 705 BTC in August. The company secured 208 blocks, capturing a 4.9% share of network rewards, while its energized hash rate rose 1% month-over-month to 59.4 EH/s. MARA opted not to sell any BTC during the month, taking advantage of the recent price decline to expand reserves. Bitcoin fell over 6% in August, marking its steepest drop since February.
“August’s dip provided a strategic opportunity to grow our treasury,” said CEO Fred Thiel.
The miner is progressing on its Texas wind farm project, with all equipment installed and connected, aiming for Q4 completion. Internationally, MARA signed an agreement to acquire a 64% stake in Exaion, an EDF subsidiary, with an option to increase ownership to 75% by 2027, integrating its infrastructure with AI and edge computing solutions.
MARA also launched its European headquarters in Paris, highlighting its commitment to sustainable energy, grid partnerships, and repurposing idle electricity.
MARA shares fell 5% on Thursday, leaving them down 14% year-to-date.
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