- MARA Holdings lends 7,377 BTC (16% of holdings) to generate returns and offset costs.
- The lending program offers single-digit yield with short-term arrangements.
- December mining output reached 890 BTC, second-highest post-halving production.
- Company holds 44,893 BTC total, acquired at average price of $87,205 in 2024.
- MARAPool achieved 168% hash rate growth in 2024, surpassing network growth of 49%.
MARA Holdings, North America’s largest Bitcoin mining company by market value, has implemented a bitcoin lending strategy involving 7,377 BTC to generate additional revenue streams amid evolving market conditions.
Bitcoin Lending Program Details
According to the company’s latest production report, the lending initiative represents approximately 16% of MARA’s total bitcoin holdings. Robert Samuels, VP of Investor Relations, confirmed the program generates "a modest single-digit yield" through "short-term arrangements with well-established third parties."
Mining Performance Metrics
December’s mining output reached 890 BTC, marking a slight 2% decrease from November but maintaining strong post-halving performance. Fred Thiel, Chairman and CEO, highlighted the mining of 249 blocks as "the second most blocks in a month on record." The company’s hash rate growth significantly outpaced the broader network, achieving 168% annual growth compared to Bitcoin’s 49%.
Financial Position and Market Impact
Throughout 2024, MARA expanded its bitcoin position through both mining and acquisitions. The company mined 9,457 BTC and purchased an additional 22,065 BTC at an average cost of $87,205, bringing total holdings to 44,893 BTC. This positions MARA as the second-largest publicly traded bitcoin holder after MicroStrategy. With Bitcoin trading near $100,000, the company’s stock reflected market Optimism, rising 2.60% in pre-market trading and gaining 14% year-to-date.
Hash rate refers to the total computational power used to mine and process transactions on the Bitcoin network, measured in calculations per second.
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