MARA Announces Bitcoin Production and Mining Operation Updates for October 2024
MARA reported its October 2024 Bitcoin mining performance, achieving its best month of production since April's halving with 717 BTC produced, a 2% increase from September. The company increased its energized hash rate by 14% to 40.2 EH/s. Transaction fees accounted for 5% of total production, including two notable transactions generating fees of 3.217 BTC and 2.665 BTC. Despite a 3% decrease in blocks won due to increased global hash rate and difficulty, MARA maintains progress toward its 50 EH/s target by year-end. As of October 31, 2024, MARA held 27,562 BTC, including 4,499 restricted BTC.
MARA ha riportato le sue performance di mining di Bitcoin per ottobre 2024, ottenendo il miglior mese di produzione da quando c'è stata la riduzione di aprile, con 717 BTC prodotti, un aumento del 2% rispetto a settembre. L'azienda ha aumentato il suo hash rate energizzato del 14% a 40,2 EH/s. Le commissioni delle transazioni hanno rappresentato il 5% della produzione totale, comprese due transazioni significative che hanno generato commissioni di 3,217 BTC e 2,665 BTC. Nonostante una diminuzione del 3% nei blocchi vinti a causa dell'aumento del tasso globale di hash e della difficoltà, MARA mantiene progressi verso l'obiettivo di 50 EH/s entro la fine dell'anno. Al 31 ottobre 2024, MARA deteneva 27,562 BTC, comprese 4,499 BTC restrittive.
MARA informó sobre su rendimiento en minería de Bitcoin para octubre de 2024, logrando su mejor mes de producción desde la reducción de abril, con 717 BTC producidos, un aumento del 2% respecto a septiembre. La compañía aumentó su tasa de hash energizada en un 14% a 40.2 EH/s. Las tarifas de transacción representaron el 5% de la producción total, incluidas dos transacciones notables que generaron tarifas de 3.217 BTC y 2.665 BTC. A pesar de una disminución del 3% en los bloques ganados debido al aumento en la tasa de hash global y la dificultad, MARA mantiene su progreso hacia el objetivo de 50 EH/s para fin de año. Hasta el 31 de octubre de 2024, MARA poseía 27,562 BTC, incluyendo 4,499 BTC restringidos.
MARA는 2024년 10월 비트코인 채굴 성과를 보고했으며, 4월 반감기 이후 가장 좋은 생산 월을 기록하며 717 BTC를 생산했으며, 이는 9월보다 2% 증가한 수치입니다. 이 회사는 에너지를 가진 해시 속도를 14% 증가시켜 40.2 EH/s를 기록했습니다. 거래 수수료는 전체 생산의 5%를 차지했으며, 3.217 BTC와 2.665 BTC의 수수료를 발생시킨 두 개의 주목할만한 거래를 포함했습니다. 글로벌 해시 속도와 난이도의 증가로 인해 블록 승수가 3% 감소했지만, MARA는 연말까지 50 EH/s 목표를 향한 진전을 유지하고 있습니다. 2024년 10월 31일 기준, MARA는 27,562 BTC를 보유하고 있으며, 그 중 4,499 BTC는 제한된 것입니다.
MARA a rapporté ses performances de minage de Bitcoin pour octobre 2024, atteignant son meilleur mois de production depuis la réduction d'avril avec 717 BTC produits, une augmentation de 2% par rapport à septembre. L'entreprise a augmenté sa puissance de hash énergisée de 14% à 40,2 EH/s. Les frais de transaction représentaient 5% de la production totale, y compris deux transactions notables ayant généré des frais de 3.217 BTC et 2.665 BTC. Malgré une diminution de 3% des blocs remportés en raison de l'augmentation du taux global de hash et de la difficulté, MARA maintient ses progrès vers son objectif de 50 EH/s d'ici la fin de l'année. Au 31 octobre 2024, MARA détenait 27,562 BTC, dont 4,499 BTC restreints.
MARA hat seine Bitcoin-Mining-Leistung für Oktober 2024 berichtet und den besten Produktionsmonat seit der Halbierung im April mit 717 BTC erreicht, was einem Anstieg von 2% gegenüber September entspricht. Das Unternehmen erhöhte seine energisierte Hashrate um 14% auf 40,2 EH/s. Die Transaktionsgebühren machten 5% der Gesamtproduktion aus, einschließlich zweier bemerkenswerter Transaktionen, die Gebühren von 3,217 BTC und 2,665 BTC generierten. Trotz eines Rückgangs der gewonnenen Blöcke um 3% aufgrund der steigenden globalen Hashrate und Schwierigkeit hält MARA den Fortschritt auf dem Weg zu seinem Ziel von 50 EH/s bis zum Jahresende aufrecht. Am 31. Oktober 2024 hielt MARA 27,562 BTC, darunter 4,499 eingeschränkte BTC.
- Increased Bitcoin production by 2% to 717 BTC
- 14% growth in energized hash rate to 40.2 EH/s
- Higher transaction fees contribution at 5% of total production
- Substantial BTC holdings of 27,562 BTC
- 3% decrease in blocks won due to increased network difficulty
- Slight decline in average daily BTC production from 23.5 to 23.1
- Decreased network share from 5.2% to 4.6%
Insights
The October operational update reveals significant progress in MARA's mining capabilities, with the energized hash rate increasing 14% to 40.2 EH/s. The company produced 717 Bitcoin in October, marking their best post-halving performance. The increased transaction fees, accounting for
The company's substantial Bitcoin holdings of 27,562 BTC represent significant value at current market prices. The progression toward their 50 EH/s target by year-end shows strong execution of their growth strategy. However, investors should note the slight decline in block wins and market share, indicating increasing network competition.
The implementation of proprietary technologies like Slipstream and MARAPool is proving valuable, particularly in capturing high-value transaction fees, including two notable transactions of 3.217 BTC and 2.665 BTC. The
The ability to maintain uptime while scaling operations suggests robust operational efficiency. However, the declining share of available miner rewards from
Energized Hash Rate Increased
717 Bitcoin Produced in October,
Transaction Fees Accounted for
Fort Lauderdale, FL, Nov. 04, 2024 (GLOBE NEWSWIRE) -- MARA (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 update for October 2024.
Management Commentary
"October was our best month of bitcoin production since April’s halving event as uptime remained strong and we grew our energized hash rate to 40.2 EH/s, a
“Transaction fees accounted for approximately
"Our 50 EH/s target by the end of 2024 is within sight as we steadily increase our hash rate by installing new miners, improving infrastructure and energizing additional immersion containers.”
Operational Highlights and Updates
Figure 1: Operational Highlights
| Prior Month Comparison | |||||||||
| Metric | 10/31/2024 | 9/30/2024 | % Δ | ||||||
| Number of Blocks Won 1 | 200 | 207 | (3)% | ||||||
| BTC Produced | 717 | 705 | 2% | ||||||
| Average BTC Produced per Day | 23.1 | 23.5 | (2)% | ||||||
| Share of available miner rewards 2 | 4.6 | % | 5.2 | % | NM | ||||
| Transaction Fees as % of Total 1 | 4.8 | % | 1.7 | % | NM | ||||
| Energized Hash Rate (EH/s) 1 | 40.2 | 35.2 | 14% | ||||||
- 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 October 31, 2024, the Company held a total of 27,562 BTC, which includes 4,499 restricted BTC.
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, the transition to immersion coolers at the Granbury site and our BTC treasury policy. 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
How many Bitcoin did MARA mine in October 2024?
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