MARA Holdings mined 705 BTC in August, bringing its treasury to 52,477 BTC as of Aug. 31, the company said. The miner mined 208 blocks, capturing an estimated 4.9% share of network rewards while its energized hashrate rose to 59.4 EH/s.
Management reported that it did not sell any bitcoin in August, using the more than 6% monthly price decline as an opportunity to build reserves. CEO Fred Thiel said the company strategically added to its treasury during the dip.
On the operations front, MARA remains on track to finish its Texas wind farm buildout by the fourth quarter, with all miners deployed and connected. International expansion is under way: MARA agreed to acquire a 64% stake in Exaion, a subsidiary of EDF, with an option to increase to 75% by 2027 to pair mining infrastructure with AI and edge computing solutions. The firm also opened a European headquarters in Paris to strengthen grid partnerships and repurpose unused energy.
Shares have reacted to the broader market, falling about 5% on Thursday and roughly 14% year to date. For investors, the update highlights the trade-off between growing on-chain reserves and near-term equity volatility; past performance is not indicative of future results.
Source: GlobeNewswire. Read the original coverage for full details.
Risk note: Crypto markets are volatile. Company production and treasury moves are operational updates, not investment advice.
