MARA Announces Bitcoin Production and Mining Operation Updates for August 2024
MARA Holdings, Inc. (NASDAQ: MARA) has released its unaudited Bitcoin production and mining operation updates for August 2024. Key highlights include:
- Energized hash rate increased 11% month-over-month to 35.2 EH/s
- 196 blocks won in August, a 2% decrease from July
- BTC production decreased 3% to 673 BTC
- BTC holdings increased to 25,945 BTC
MARA remains on track to reach its target of 50 EH/s by the end of 2024. The company is converting a large portion of its Granbury, Texas data center from air-cooled to immersion containers, with plans to transition at least 30 more in September. MARA currently owns and operates approximately 54% of the 1.1 gigawatts of power in its portfolio, aiming to become one of the industry's most cost-efficient operators.
MARA Holdings, Inc. (NASDAQ: MARA) ha pubblicato i suoi aggiornamenti non auditati sulla produzione di Bitcoin e sulle operazioni minerarie per agosto 2024. I principali punti salienti includono:
- Il tasso di hash energizzato è aumentato dell'11% mese su mese, raggiungendo 35,2 EH/s
- 196 blocchi vinti ad agosto, con una diminuzione del 2% rispetto a luglio
- La produzione di BTC è diminuita del 3%, attestandosi a 673 BTC
- Le giacenze di BTC sono aumentate a 25.945 BTC
MARA rimane sulla buona strada per raggiungere il suo obiettivo di 50 EH/s entro la fine del 2024. L'azienda sta convertendo gran parte del suo centro dati di Granbury, Texas, da raffreddamento ad aria a contenitori a immersione, con l'intenzione di effettuare la transizione di almeno altri 30 a settembre. MARA attualmente possiede e gestisce circa il 54% dell'1,1 gigawatt di potenza nel suo portafoglio, mirando a diventare uno degli operatori più efficienti in termini di costi del settore.
MARA Holdings, Inc. (NASDAQ: MARA) ha publicado sus actualizaciones no auditadas sobre la producción de Bitcoin y las operaciones de minería para agosto de 2024. Los puntos destacados incluyen:
- El tasa de hash energizada aumentó un 11% mes a mes, alcanzando 35.2 EH/s
- 196 bloques ganados en agosto, una disminución del 2% en comparación con julio
- La producción de BTC disminuyó un 3% a 673 BTC
- Las tenencias de BTC aumentaron a 25,945 BTC
MARA sigue en camino de alcanzar su objetivo de 50 EH/s para finales de 2024. La empresa está convirtiendo gran parte de su centro de datos en Granbury, Texas, de refrigeración por aire a contenedores de inmersión, con planes de realizar la transición de al menos 30 más en septiembre. Actualmente, MARA posee y opera aproximadamente el 54% de 1.1 gigavatios de potencia en su cartera, con el objetivo de convertirse en uno de los operadores más eficientes en costos de la industria.
MARA Holdings, Inc. (NASDAQ: MARA)는 2024년 8월 비트코인 생산 및 채굴 작업에 대한 비공식 업데이트를 발표했습니다. 주요 내용은 다음과 같습니다:
- 에너지를 활용한 해시율이 전월 대비 11% 증가하여 35.2 EH/s에 이릅니다.
- 8월에 196개의 블록을 획득했으며, 이는 7월 대비 2% 감소한 수치입니다.
- BTC 생산량이 3% 감소하여 673 BTC에 도달했습니다.
- BTC 보유량이 25,945 BTC로 증가했습니다.
MARA는 2024년 말까지 50 EH/s의 목표를 달성하기 위해 순조롭게 진행되고 있습니다. 이 회사는 텍사스 주 그랜버리에 있는 데이터 센터의 대부분을 공랭식에서 침수 용기로 전환하고 있으며, 9월에는 최소 30개를 추가로 전환할 계획입니다. 현재 MARA는 포트폴리오에서 1.1 기가와트의 전력 중 약 54%를 소유하고 운영하고 있으며, 업계에서 가장 비용 효율적인 운영자 중 하나가 되는 것을 목표로 하고 있습니다.
MARA Holdings, Inc. (NASDAQ: MARA) a publié ses mises à jour non vérifiées concernant la production de Bitcoin et les opérations de minage pour août 2024. Les points clés incluent :
- Le taux de hachage énergisé a augmenté de 11 % d'un mois sur l'autre, atteignant 35,2 EH/s
- 196 blocs ont été gagnés en août, soit une diminution de 2 % par rapport à juillet
- La production de BTC a diminué de 3 %, atteignant 673 BTC
- Les réserves de BTC ont augmenté à 25 945 BTC
MARA reste sur la bonne voie pour atteindre son objectif de 50 EH/s d'ici la fin de 2024. La société est en train de convertir une grande partie de son centre de données à Granbury, Texas, d'un refroidissement à air en conteneurs d'immersion, avec des plans pour effectuer la transition d'au moins 30 autres en septembre. MARA possède et gère actuellement environ 54 % des 1,1 gigawatts de puissance de son portefeuille et vise à devenir l'un des opérateurs les plus rentables du secteur.
MARA Holdings, Inc. (NASDAQ: MARA) hat seine nicht geprüften Bitcoin-Produktions- und Mining-Betriebsaktualisierungen für August 2024 veröffentlicht. Die wichtigsten Höhepunkte umfassen:
- Die energisierte Hash-Rate ist im Vergleich zum Vormonat um 11% auf 35,2 EH/s gestiegen.
- Im August wurden 196 Blöcke gewonnen, was einem Rückgang von 2% im Vergleich zu Juli entspricht.
- Die BTC-Produktion ist um 3% auf 673 BTC gesunken.
- Die BTC-Bestände sind auf 25.945 BTC gestiegen.
MARA ist weiterhin auf Kurs, das Ziel von 50 EH/s bis Ende 2024 zu erreichen. Das Unternehmen wandelt einen großen Teil seines Rechenzentrums in Granbury, Texas, von luftgekühlten auf Immersionsbehälter um und plant, im September mindestens 30 weitere umzurüsten. MARA besitzt und betreibt derzeit etwa 54% der 1,1 Gigawatt Leistung in seinem Portfolio und strebt an, einer der kosteneffizientesten Betreiber der Branche zu werden.
- Energized hash rate increased 11% month-over-month to 35.2 EH/s
- BTC holdings increased to 25,945 BTC
- On track to reach target of 50 EH/s by the end of 2024
- Converting Granbury data center to more efficient immersion containers
- Owns and operates 54% of 1.1 gigawatts of power in its portfolio
- 2% decrease in blocks won compared to July (196 vs 201)
- 3% decrease in BTC production compared to July (673 vs 692)
- Average daily BTC production decreased by 3% (21.7 vs 22.3)
Insights
MARA's August update reveals mixed results. The 11% month-over-month increase in energized hash rate to 35.2 EH/s is a positive sign, indicating improved operational capacity. However, this didn't translate to increased production, with BTC mined decreasing by 3% to 673.
The company's strategy of transitioning to immersion cooling in Granbury is noteworthy, potentially leading to improved efficiency. The goal of reaching 50 EH/s by end of 2024 seems ambitious but achievable given current growth rates.
MARA's increasing control over power infrastructure (54% of 1.1 gigawatts) could lead to long-term cost efficiencies, a important factor in the competitive mining industry. The company's decision to hold 25,945 BTC without selling any in August indicates confidence in future price appreciation, but also increases exposure to market volatility.
MARA's transition to immersion cooling is a smart technical move. This technology can significantly improve hash rate efficiency and extend equipment lifespan. The plan to convert 30 more containers in September shows a rapid implementation strategy.
The 11% increase in hash rate is impressive, but the 2% decrease in blocks won suggests network difficulty increased at a faster rate. This highlights the ongoing arms race in Bitcoin mining technology.
MARA's focus on owning and operating power infrastructure is forward-thinking. It provides better control over one of the largest operational costs in mining. However, investors should monitor how effectively MARA manages this vertical integration, as it introduces new operational complexities.
Energized Hash Rate Increases
196 Blocks Won in August,
Increased BTC Holdings to 25,945 BTC
Fort Lauderdale, FL, Sept. 04, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), one of the world’s largest publicly traded bitcoin ("BTC") miners and a leader in supporting and securing the Bitcoin ecosystem, today published unaudited BTC production and miner installation updates for August 2024.
Management Commentary
"During the month of August, we continued to bring additional hash online and our energized hash rate grew to 35.2 EH/s, an
"Domestically, we continue to improve the operation of our sites and remain on track to reach our target of 50 EH/s by the end of 2024. During the month, we energized almost 18 immersion containers in Granbury, Texas. We are converting a large portion of our Granbury data center from air cooled to MARA's immersion containers, with plans to transition at least another 30 in September. This work is expected to be completed before year end.
"We currently own and operate approximately
Operational Highlights and Updates
Figure 1: Operational Highlights
| Prior Month Comparison | |||||||
| Metric | 8/31/2024 | 7/31/2024 | % Δ | ||||
| Number of Blocks Won 1 | 196 | 201 | (2) | % | |||
| BTC Produced | 673 | 692 | (3) | % | |||
| Average BTC Produced per Day | 21.7 | 22.3 | (3) | % | |||
| Share of available miner rewards 2 | 4.8 | % | 4.5 | % | NM | ||
| Transaction Fees as % of Total 1 | 2.7 | % | 2.9 | % | NM | ||
| Energized Hash Rate (EH/s) 1 | 35.2 | 31.8 | 11 | % | |||
- 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 August 31, 2024, the Company held a total of 25,945 unrestricted BTC. MARA opted not to sell any BTC in August.
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 expected timing and achievement of our growth targets, specifically relating to our anticipated hash rate and exahash growth, cost savings, and the transition to immersion coolers at the Granbury site. 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: @MarathonDH
LinkedIn: www.linkedin.com/company/marathon-digital-holdings
Facebook: www.facebook.com/MarathonDigitalHoldings
Instagram: @marathondigitalholdings
MARA Company Contact:
Telephone: 800-804-1690
Email: ir@mara.com
MARA Media Contact:
Email: marathon@wachsman.com
FAQ
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