MARA Announces Bitcoin Production and Mining Operation Updates for February 2025
MARA Holdings (NASDAQ: MARA) has released its February 2025 Bitcoin mining updates, reporting a 4% month-over-month increase in daily BTC production. The company won 206 blocks during the month, marking a 6% decrease from January due to higher network difficulty and fewer operational days.
The company's BTC holdings grew to 46,374 BTC, with MARA choosing not to sell any Bitcoin in February. The firm is nearing completion of a 40-megawatt data center in Ohio, where it plans to install over ten thousand S21 Pro immersion miners.
CEO Fred Thiel outlined MARA's strategic evolution from an asset-light model to a vertically integrated energy and infrastructure company in 2024. The company is expanding into energy generation while maintaining its focus on Bitcoin mining dominance. MARA is also investing in research and development for AI and adjacent markets, aiming to create additional revenue streams. The company expects cost reductions through site ownership and self-generated power.
MARA Holdings (NASDAQ: MARA) ha pubblicato gli aggiornamenti sul mining di Bitcoin di febbraio 2025, riportando un aumento del 4% nella produzione giornaliera di BTC rispetto al mese precedente. L'azienda ha vinto 206 blocchi durante il mese, segnando una diminuzione del 6% rispetto a gennaio a causa di una maggiore difficoltà di rete e di meno giorni operativi.
Le riserve di BTC dell'azienda sono cresciute a 46.374 BTC, con MARA che ha scelto di non vendere alcun Bitcoin a febbraio. L'azienda è vicina al completamento di un data center da 40 megawatt in Ohio, dove prevede di installare oltre diecimila miner S21 Pro ad immersione.
Il CEO Fred Thiel ha delineato l'evoluzione strategica di MARA da un modello leggero di asset a un'azienda integrata verticalmente nel settore energetico e delle infrastrutture nel 2024. L'azienda sta espandendo la sua attività nella generazione di energia mantenendo il focus sulla dominanza nel mining di Bitcoin. MARA sta anche investendo in ricerca e sviluppo per l'IA e mercati affini, con l'obiettivo di creare ulteriori flussi di entrate. L'azienda prevede riduzioni dei costi attraverso la proprietà dei siti e la produzione di energia autonoma.
MARA Holdings (NASDAQ: MARA) ha publicado sus actualizaciones de minería de Bitcoin de febrero de 2025, reportando un aumento del 4% en la producción diaria de BTC mes a mes. La empresa ganó 206 bloques durante el mes, marcando una disminución del 6% en comparación con enero debido a una mayor dificultad de la red y menos días operativos.
Las reservas de BTC de la compañía crecieron a 46,374 BTC, con MARA eligiendo no vender ningún Bitcoin en febrero. La firma está cerca de completar un centro de datos de 40 megavatios en Ohio, donde planea instalar más de diez mil mineros S21 Pro de inmersión.
El CEO Fred Thiel delineó la evolución estratégica de MARA de un modelo ligero en activos a una empresa integrada verticalmente en energía e infraestructura en 2024. La empresa se está expandiendo en la generación de energía mientras mantiene su enfoque en la dominancia en la minería de Bitcoin. MARA también está invirtiendo en investigación y desarrollo para IA y mercados adyacentes, con el objetivo de crear flujos de ingresos adicionales. La compañía espera reducciones de costos a través de la propiedad de sitios y energía generada por sí misma.
MARA Holdings (NASDAQ: MARA)는 2025년 2월 비트코인 채굴 업데이트를 발표하며, 월간 BTC 생산량이 4% 증가했다고 보고했습니다. 이 회사는 한 달 동안 206개의 블록을 채굴했으며, 이는 네트워크 난이도 증가와 운영일 수 감소로 인해 1월보다 6% 감소한 수치입니다.
회사의 BTC 보유량은 46,374 BTC로 증가했으며, MARA는 2월에 비트코인을 판매하지 않기로 결정했습니다. 이 회사는 오하이오에 40메가와트 데이터 센터의 완공을 앞두고 있으며, 1만 개 이상의 S21 Pro 침수형 채굴기를 설치할 계획입니다.
CEO 프레드 티엘은 2024년 MARA의 자산 경량 모델에서 수직 통합된 에너지 및 인프라 회사로의 전략적 진화를 설명했습니다. 이 회사는 비트코인 채굴의 우위를 유지하면서 에너지 생성으로 사업을 확장하고 있습니다. MARA는 또한 AI 및 인접 시장을 위한 연구 및 개발에 투자하여 추가 수익원을 창출할 계획입니다. 이 회사는 사이트 소유 및 자체 생성 전력을 통해 비용 절감을 기대하고 있습니다.
MARA Holdings (NASDAQ: MARA) a publié ses mises à jour sur le minage de Bitcoin pour février 2025, rapportant une augmentation de 4 % de la production quotidienne de BTC par rapport au mois précédent. L'entreprise a remporté 206 blocs au cours du mois, marquant une diminution de 6 % par rapport à janvier en raison d'une difficulté accrue du réseau et de moins de jours d'exploitation.
Les avoirs en BTC de l'entreprise ont augmenté à 46 374 BTC, MARA ayant choisi de ne vendre aucun Bitcoin en février. L'entreprise est proche de l'achèvement d'un centre de données de 40 mégawatts dans l'Ohio, où elle prévoit d'installer plus de dix mille mineurs S21 Pro à immersion.
Le PDG Fred Thiel a décrit l'évolution stratégique de MARA d'un modèle léger en actifs à une entreprise intégrée verticalement dans le secteur de l'énergie et des infrastructures en 2024. L'entreprise s'étend dans la production d'énergie tout en maintenant son attention sur la domination du minage de Bitcoin. MARA investit également dans la recherche et le développement pour l'IA et les marchés adjacents, dans le but de créer des sources de revenus supplémentaires. L'entreprise s'attend à des réductions de coûts grâce à la propriété des sites et à l'énergie auto-générée.
MARA Holdings (NASDAQ: MARA) hat seine Bitcoin-Mining-Updates für Februar 2025 veröffentlicht und einen Anstieg der täglichen BTC-Produktion um 4 % im Vergleich zum Vormonat gemeldet. Das Unternehmen hat im Laufe des Monats 206 Blöcke gewonnen, was einen Rückgang von 6 % im Vergleich zu Januar aufgrund höherer Netzwerk-Schwierigkeiten und weniger Betriebstagen bedeutet.
Der BTC-Bestand des Unternehmens wuchs auf 46.374 BTC, wobei MARA im Februar beschlossen hat, keinen Bitcoin zu verkaufen. Das Unternehmen steht kurz vor der Fertigstellung eines 40-Megawatt-Rechenzentrums in Ohio, in dem es plant, über zehntausend S21 Pro-Tauchminer zu installieren.
CEO Fred Thiel skizzierte die strategische Entwicklung von MARA von einem asset-light Modell zu einem vertikal integrierten Energie- und Infrastrukturunternehmen im Jahr 2024. Das Unternehmen expandiert in die Energieerzeugung und behält gleichzeitig den Fokus auf der Dominanz im Bitcoin-Mining. MARA investiert auch in Forschung und Entwicklung für KI und angrenzende Märkte, mit dem Ziel, zusätzliche Einnahmequellen zu schaffen. Das Unternehmen erwartet Kostensenkungen durch den Besitz von Standorten und selbst erzeugte Energie.
- Daily BTC production increased 4% month-over-month
- BTC holdings grew to 46,374 BTC
- New 40MW data center in Ohio near completion
- Expansion into energy generation and AI markets
- Expected cost reduction through site ownership and self-generated power
- 6% decrease in blocks won month-over-month
- Higher network difficulty impacting mining performance
- Fewer operational days affecting monthly production
Insights
MARA's February mining metrics present a nuanced picture that requires looking beyond headline figures. The 6% decrease in total blocks mined appears negative initially, but the 4% increase in daily production is actually more instructive when accounting for February's shorter calendar. This daily improvement suggests operational refinements are compensating for rising network difficulty, which has been particularly challenging this quarter.
Their substantial 46,374 BTC holdings demonstrate conviction in their hodl strategy, essentially transforming MARA into a leveraged bitcoin investment vehicle with productive mining operations. This approach creates significant balance sheet exposure to bitcoin price movements but reduces dilutive selling pressure that many competitors face to fund operations.
The imminent completion of their Ohio facility with 10,000+ S21 Pro miners in immersion cooling is strategically sound. Immersion cooling typically delivers 15-20% hashrate improvements and extends equipment lifespan, potentially enhancing both production capacity and capital efficiency.
What's particularly compelling is MARA's vertical integration strategy. By owning infrastructure and generating power, they're targeting mining's greatest cost center. While capital-intensive initially, this approach creates structural advantages in a sector where electricity costs often determine profitability.
The company's gradual diversification into AI and adjacent markets also represents pragmatic risk management, potentially allowing them to redirect compute resources during periods of unfavorable bitcoin mining economics.
MARA's pivot to energy self-generation represents a significant strategic evolution that addresses the fundamental economics of cryptocurrency mining. Their transition from an asset-light model to vertical integration is particularly timely given the intense margin pressure facing the sector after the recent halving event.
The Ohio data center expansion highlights their infrastructure-first approach. Immersion cooling technology not only improves mining efficiency but also enables significant power density increases - typically allowing 40-50% more computing power per square foot compared to air-cooled facilities.
What's most notable is CEO Thiel's emphasis on becoming a "low-cost energy" producer. This signals a fundamental business model shift where MARA isn't just a bitcoin miner but an energy company that monetizes through cryptocurrency. This distinction matters tremendously for financial resilience.
The strategy introduces new operational complexities but addresses bitcoin mining's primary vulnerability - electricity cost exposure. By controlling their energy stack, MARA can potentially maintain profitability even during challenging mining economics, while also gaining optionality to redirect power resources during peak demand periods.
Their exploration of AI applications further leverages their energy and infrastructure investments, potentially creating counter-cyclical revenue streams that aren't directly tied to bitcoin prices or mining difficulty. This energy-first approach mirrors strategies employed by industrial-scale miners who have demonstrated superior margin protection during sector downturns.
BTC Production Per Day Increased
206 Blocks Won in February,
Increased BTC Holdings* to 46,374 BTC
Fort Lauderdale, FL, March 04, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin ("bitcoin" or "BTC") production updates for February 2025.
Management Commentary
"In February, our bitcoin production per day increased
"We established the Company's leadership in bitcoin mining through an asset-light model, transformed it into a vertically integrated energy and infrastructure company in 2024, and in 2025, we will continue to focus on being the dominant player in bitcoin mining while expanding our footprint in energy generation.
"In conjunction with our emerging technology business, we are taking steps today, including investing in research and development, to establish our presence in AI and adjacent markets, which we expect will create additional revenue opportunities over the long term. We expect our costs to decline as we realize savings from owning our sites and generating our own power, and we will be laser-focused on efficiency as we drive towards our goal of low-cost energy.”
Operational Highlights and Updates
Figure 1: Operational Highlights
| Prior Month Comparison | |||||||||
| Metric | 2/28/2025 | 1/31/2025 | % Δ | ||||||
| Number of Blocks Won 1 | 206 | 218 | (6) | % | |||||
| BTC Produced | 706 | 750 | (6) | % | |||||
| Average BTC Produced per Day | 25.2 | 24.2 | 4 | % | |||||
| Share of available miner rewards 2 | 5.4 | % | 5.1 | % | NM | ||||
| Transaction Fees as % of Total 1 | 1.4 | % | 1.6 | % | NM | ||||
| Energized Hashrate (EH/s) 1 | 53.7 | 53.2 | 1 | % | |||||
- These metrics are MARAPool only and do not include blocks won from joint ventures.
- Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.
NM - Not Meaningful
As of February 28, 2025, the Company held a total of 46,374 BTC*. MARA opted not to sell any BTC in February.
*Includes loaned and collateralized bitcoin
Investor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading "Risk Factors" in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the "SEC"). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Forward-Looking Statements" below.
The operational highlights and updates presented in this press release pertain solely to our BTC mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words "may," "will," "could," "anticipate," "expect," "intend," "believe," "continue," "target" and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to the construction and energization of our data center in Ohio and expansion into energy generation, AI and adjacent markets. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.
About MARA
MARA (NASDAQ:MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.
For more information, visit www.mara.com, or follow us on:
Twitter: @MARAHoldings
LinkedIn: www.linkedin.com/company/maraholdings
Facebook: www.facebook.com/MARAHoldings
Instagram: @maraholdingsinc
MARA Company Contact:
Telephone: 800-804-1690
Email: ir@mara.com
MARA Media Contact:
Email: marathon@wachsman.com
FAQ
How many Bitcoin blocks did MARA mine in February 2025?
What is MARA's total Bitcoin holdings as of February 2025?
What are MARA's expansion plans for their Ohio facility?
How did MARA's daily Bitcoin production change in February 2025?
What new markets is MARA expanding into beyond Bitcoin mining?
