MARA Mines 705 BTC in August, Treasury Holdings Top 52,000 BTC
MARA Holdings (MARA) added 705 BTC to its holdings in August, bringing its total bitcoin treasury to 52,477 BTC. The miner secured 208 blocks, representing a 4.9% share of network rewards, while its energized hash rate increased 1% month-over-month to 59.4 EH/s. MARA did not sell any BTC during the month, taking advantage of price weakness to bolster reserves. Bitcoin slipped over 6% in August, the largest monthly decline since February.
“August’s price decline presented an opportunity to strategically grow our treasury,” said CEO Fred Thiel.
The company continues to advance its Texas wind farm project, with all mining equipment installed and connected, targeting completion in Q4. On the international front, MARA signed an agreement to acquire a 64% stake in Exaion, a subsidiary of EDF, with the option to raise ownership to 75% by 2027, integrating its operations with AI and edge computing infrastructure.
MARA also inaugurated its European headquarters in Paris, reinforcing its focus on sustainable energy, grid partnerships, and the repurposing of unused electricity.
Shares of MARA declined 5% on Thursday, leaving the stock down 14% year-to-date.
