MARA Lends 7,377 BTC to Boost Mining Operations and Revenue

07.01.2025 23 times read 0 Comments Read out

Mining Company MARA: 7,377 BTC Lent to Third Parties

The mining company formerly known as Marathon Digital, now operating under the name MARA, has made headlines by lending out a substantial amount of Bitcoin to third parties. According to Cointelegraph Deutschland, this strategic move involves 7,377 BTC and is aimed at generating revenue to cover operational costs associated with their energy-intensive mining activities. Robert Samuels, Vice President for Investor Relations at MARA, elaborated on the company's short-term agreements with established partners that yield modest single-digit returns.

MARA's ambitious growth strategy doesn't stop there; they have achieved significant milestones in terms of computational power and asset acquisition. As reported by Cointelegraph Deutschland on January 3rd, the company surpassed a computing capacity of 50 Exahashes per second (EH/s) in December 2024 and currently holds over 44,893 Bitcoins after acquiring additional assets throughout the year.

Core Scientific Increases Bitcoin Production Significantly in 2024

In another remarkable development within the cryptocurrency sector, Core Scientific has significantly increased its Bitcoin production during the year 2024. IT BOLTWISE® x Artificial Intelligence reports from Munich highlight that Core Scientific produced an impressive total of 6,595 BTC last year alone—solidifying its position as a key player in crypto-mining operations worldwide.

This achievement underscores not only their growing influence but also showcases how efficiently they've managed resources across various data centers hosting both proprietary miners alongside customer-owned units contributing towards overall output figures reaching up-to-date hash rates exceeding expectations set forth earlier periods according to unverified statements released regarding performance metrics covering December specifically where approximately two hundred ninety-one coins were mined independently while eighteen more came courtesy external clients utilizing hosted services provided exclusively through them.

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