Marathon Digital Holdings (NASDAQ: MARA) has seen its stock rise by 2.81% following the announcement of its July 2025 bitcoin operations update. Despite a slight 1% decrease in bitcoin production, the company achieved a major milestone by surpassing 50,000 BTC in holdings, solidifying its position as the second-largest publicly traded bitcoin holder globally.
Key Highlights:
- Bitcoin Production: MARA mined 703 BTC in July, down from 713 BTC in June. The decrease was attributed to a 9% increase in Bitcoin mining difficulty and a rebound in global hashrate following seasonal curtailment.
- Bitcoin Holdings: The company now holds 50,639 BTC, including loaned and pledged assets, marking a significant milestone in its growth.
- Energized Hashrate: MARA reported a 3% increase in its energized hashrate, now at 58.9 EH/s. The company is also preparing to energize its Texas wind farm data center in the second half of the year.
- Operational Efficiency: While Ohio sites faced higher curtailment, MARA improved efficiency at its Texas sites, Wolf Hollow and Kearney, by streamlining operations and boosting productivity.
Financial Strength:
MARA’s chairman and CEO, Fred Thiel, emphasized, “In July, our production saw a 2% month-over-month decrease in blocks won as global hashrate rebounded following seasonal curtailment and mining difficulty was 9% higher than the end of June,”. “Our bitcoin holdings surpassed 50,000 BTC in July, a milestone that solidifies MARA as the second-largest publicly traded holder of bitcoin globally. More importantly, this is a treasury we built through disciplined infrastructure development, scaled operations, and focused execution.” With over $5 billion in liquid assets as of June 30, 2025, and nearly $1 billion raised since, MARA is well-positioned to fund domestic growth and pursue international expansion. Thiel highlighted that MARA treats its bitcoin holdings as productive, risk-managed assets, using them to strengthen the balance sheet and fund operations, ultimately enhancing long-term shareholder value.
This milestone reflects MARA’s commitment to scaling operations and maintaining a leadership position in the Bitcoin mining industry.
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