MARA Announces Bitcoin Production and Mining Operation Updates for January 2025
MARA reported its January 2025 bitcoin mining performance, showing a 12% month-over-month decrease in blocks won, with 218 blocks mined compared to December's 249. The company produced 750 BTC in January, averaging 24.2 BTC per day, down 13% from December's 27.9 BTC daily average.
The company maintained its energized hashrate at 53.2 EH/s, with no new miners added during January. Notable operational updates include the completion of converting over 230 containers to immersion cooling at Wolf Hollow, Texas, and near-completion of S21 Pro upgrades at the Kearney, Nebraska site. Transaction fees contributed 1.6% to total rewards, down from 2.7% in December.
MARA's share of available miner rewards was 5.1% in January, compared to 5.9% in December. The company continues to focus on fleet optimization and strategic enhancements, prioritizing near net zero cost energy solutions for future expansion.
MARA ha riportato le sue performance di mining di bitcoin di gennaio 2025, mostrando una decremento del 12% mese su mese nei blocchi vinti, con 218 blocchi estratti rispetto ai 249 di dicembre. L'azienda ha prodotto 750 BTC a gennaio, con una media di 24,2 BTC al giorno, in calo del 13% rispetto alla media giornaliera di dicembre di 27,9 BTC.
L'azienda ha mantenuto il suo hashrate energizzato a 53,2 EH/s, senza l'aggiunta di nuovi miner nel mese di gennaio. Aggiornamenti operativi notevoli includono il completamento della conversione di oltre 230 container a raffreddamento a immersione a Wolf Hollow, Texas, e il quasi completamento degli aggiornamenti S21 Pro presso il sito di Kearney, Nebraska. Le commissioni di transazione hanno contribuito per l'1,6% ai premi totali, in calo rispetto al 2,7% di dicembre.
La quota di MARA sui premi per miner disponibili era del 5,1% a gennaio, rispetto al 5,9% di dicembre. L'azienda continua a concentrarsi sull'ottimizzazione della flotta e su miglioramenti strategici, dando priorità a soluzioni energetiche a costo quasi zero per l'espansione futura.
MARA informó sobre su rendimiento en minería de bitcoin de enero de 2025, mostrando una disminución del 12% mes a mes en los bloques ganados, con 218 bloques extraídos en comparación con los 249 de diciembre. La compañía produjo 750 BTC en enero, promediando 24.2 BTC por día, lo que representa una disminución del 13% respecto al promedio diario de diciembre de 27.9 BTC.
La compañía mantuvo su hashrate energizado en 53.2 EH/s, sin nuevos mineros añadidos durante enero. Las actualizaciones operativas notables incluyen la finalización de la conversión de más de 230 contenedores a enfriamiento por inmersión en Wolf Hollow, Texas, y la casi finalización de las mejoras de S21 Pro en el sitio de Kearney, Nebraska. Las tarifas de transacción contribuyeron con el 1.6% a las recompensas totales, en comparación con el 2.7% en diciembre.
La participación de MARA en las recompensas de mineros disponibles fue del 5.1% en enero, comparado con el 5.9% en diciembre. La compañía sigue centrada en la optimización de su flota y mejoras estratégicas, priorizando soluciones energéticas de coste casi cero para la expansión futura.
MARA는 2025년 1월 비트코인 채굴 성과를 보고하며, 전월 대비 12% 감소한 218개의 블록이 채굴됐다고 발표했습니다. 이는 12월의 249개 블록과 비교됩니다. 회사는 1월에 750 BTC를 생산했으며, 하루 평균 24.2 BTC로, 12월의 27.9 BTC 일일 평균보다 13% 감소했습니다.
회사는 1월에 새로운 채굴기를 추가하지 않고 53.2 EH/s의 해시레이트를 유지했습니다. 주요 운영 업데이트로는 텍사스의 울프 할로우에서 230개 이상의 컨테이너를 침수 냉각으로 전환한 작업 완료와 네브래스카주 키니에서 S21 Pro 업그레이드의 거의 완료된 상태가 포함됩니다. 거래 수수료는 총 보상에서 1.6%를 차지했으며, 이는 12월의 2.7%에서 감소한 수치입니다.
MARA의 사용 가능한 채굴 보상 점유율은 1월에 5.1%였으며, 12월의 5.9%에 비해 감소했습니다. 회사는 선단 최적화와 전략적 개선에 집중하고 있으며, 미래 확장을 위해 거의 제로 비용의 에너지 솔루션을 우선시하고 있습니다.
MARA a rapporté ses performances de minage de bitcoin pour janvier 2025, montrant une diminution de 12% par rapport au mois précédent dans les blocs gagnés, avec 218 blocs minés par rapport aux 249 de décembre. L'entreprise a produit 750 BTC en janvier, avec une moyenne de 24,2 BTC par jour, en baisse de 13% par rapport à la moyenne quotidienne de décembre qui était de 27,9 BTC.
L'entreprise a maintenu son taux de hachage activé à 53,2 EH/s, sans ajout de nouveaux mineurs pendant le mois de janvier. Les mises à jour opérationnelles notables incluent l'achèvement de la conversion de plus de 230 conteneurs en refroidissement par immersion à Wolf Hollow, Texas, et l'achèvement presque final des mises à niveau S21 Pro sur le site de Kearney, Nebraska. Les frais de transaction ont contribué à 1,6% des récompenses totales, contre 2,7% en décembre.
La part de MARA dans les récompenses des mineurs disponibles était de 5,1% en janvier, comparée à 5,9% en décembre. L'entreprise continue de se concentrer sur l'optimisation de sa flotte et des améliorations stratégiques, en privilégiant des solutions énergétiques à coût quasi nul pour l'expansion future.
MARA hat ihre Bitcoin-Mining-Leistungen für Januar 2025 berichtet und zeigt einen Rückgang von 12% im Vergleich zum Vormonat bei den gewonnenen Blöcken, mit 218 abgebauten Blöcken im Vergleich zu 249 im Dezember. Das Unternehmen produzierte im Januar 750 BTC, was einem Durchschnitt von 24,2 BTC pro Tag entspricht, ein Rückgang von 13% gegenüber dem täglichen Durchschnitt von 27,9 BTC im Dezember.
Das Unternehmen hielt seine aktivierte Hashrate bei 53,2 EH/s, ohne dass im Januar neue Miner hinzugefügt wurden. Erwähnenswerte betriebliche Aktualisierungen umfassen den Abschluss der Umwandlung von über 230 Containern auf Immersionskühlung in Wolf Hollow, Texas, sowie den nahezu abgeschlossenen S21 Pro-Upgrades am Standort Kearney, Nebraska. Die Transaktionsgebühren trugen 1,6% zu den Gesamtbelohnungen bei, ein Rückgang von 2,7% im Dezember.
Der Anteil von MARA an den verfügbaren Miner-Belohnungen betrug im Januar 5,1%, verglichen mit 5,9% im Dezember. Das Unternehmen konzentriert sich weiterhin auf die Flottenoptimierung und strategische Verbesserungen und priorisiert nahezu null Kosten für Energiestrategien für zukünftige Expansionen.
- Completed conversion of 230+ containers to immersion cooling at Wolf Hollow
- Maintained substantial energized hashrate of 53.2 EH/s
- Near completion of S21 Pro upgrades at Kearney facility for improved efficiency
- 12% decrease in blocks won (218 vs 249)
- 13% decline in daily BTC production (24.2 vs 27.9)
- Transaction fees decreased from 2.7% to 1.6% of total rewards
- Mining reward share dropped from 5.9% to 5.1%
Insights
MARA's January performance metrics reveal both challenges and strategic positioning moves that warrant careful analysis. The 12% monthly decline in block production to 218 blocks reflects broader network dynamics rather than operational issues, as the company maintained its substantial 53.2 EH/s hashrate capacity.
The reduction in transaction fees from 2.7% to 1.6% of total rewards indicates decreased network congestion in January, a network-wide phenomenon affecting all miners' revenue potential. However, MARA's 5.1% share of total network rewards, though down from December's 5.9%, still represents a dominant market position in the mining sector.
The completion of 230 container conversions to immersion cooling at Wolf Hollow marks a significant operational milestone. This upgrade typically delivers 15-20% improved efficiency and extends equipment lifespan by 20-30% through better temperature management. The S21 Pro deployment strategy in Nebraska positions MARA at the forefront of mining efficiency, as these units offer approximately 25% better energy efficiency than previous generations.
Most notably, MARA's continued accumulation of BTC holdings demonstrates strong balance sheet management and confidence in long-term value creation. The focus on near net zero cost energy solutions aligns with both ESG considerations and operational efficiency goals, potentially providing a competitive advantage as environmental scrutiny of mining operations intensifies.
218 Blocks Won in January,
Increased BTC Holdings to 45,659 BTC
Fort Lauderdale, FL, Feb. 03, 2025 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin (“BTC”) production and mining operation updates for January 2025.
Management Commentary
"In January, our production saw a
"We remain focused on optimizing our fleet and implementing strategic enhancements to drive long-term efficiency and performance. At Wolf Hollow, Texas, we successfully completed the conversion of over 230 containers to immersion cooling, achieving high uptime with our S21 Pro immersion miners. These fleet upgrades not only enhance efficiency but also increase hashrate without additional power consumption. Meanwhile, at our Kearney, Nebraska site, we are nearing full conversion to S21 Pros, which we expect to improve fleet efficiency significantly.
"Looking ahead, we are committed to expanding our mining capacity in 2025 and further strengthening our position as a leader in the BTC mining industry. Our strategy will prioritize near net zero cost energy solutions, and we look forward to sharing more on our earnings call at the end of the month."
Operational Highlights and Updates
Figure 1: Operational Highlights
| Prior Month Comparison | |||||||||
| Metric | 1/31/2025 | 12/31/2024 | % Δ | ||||||
| Number of Blocks Won 1 | 218 | 249 | (12)% | ||||||
| BTC Produced 2 | 750 | 865 | (13)% | ||||||
| Average BTC Produced per Day | 24.2 | 27.9 | (13)% | ||||||
| Share of available miner rewards 3 | 5.1 | % | 5.9 | % | NM | ||||
| Transaction Fees as % of Total 1 | 1.6 | % | 2.7 | % | NM | ||||
| Energized Hash Rate (EH/s) 1 | 53.2 | 53.2 | — | % | |||||
- These metrics are MARAPool only and do not include blocks won from joint ventures.
- Includes our share of production from joint venture partnerships.
- 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
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 our strategy, expected improvements in miner fleet efficiency and expansion of mining capacity in 2025. 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
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MARA Company Contact:
Telephone: 800-804-1690
Email: ir@mara.com
MARA Media Contact:
Email: marathon@wachsman.com
FAQ
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