Marathon Digital Becomes the Second-Largest Digital Treasury Among Public Companies

As stated in a news release, MARA Holdings, Inc. presently declares assets valued at nearly $6 billion, amounting to 52,477 BTC. This figure places the miner among the largest publicly listed corporate Bitcoin holders, lagging only behind Michael Saylor’s Strategy in the public treasury rankings.

Mining Yield And Treasury Expansion

MARA generated slightly more than 700 BTC in August, maintaining an average rate of 22.7 BTC mined daily throughout the month.

Bitcoin’s value declined approximately 5% during this timeframe; prices peaked at around $124,400 mid-month before dropping toward $107,000. Reports indicate that the company decided to enhance its treasury instead of liquidating assets, purchasing the dip and elevating its Bitcoin reserves to the present level.

“In light of the decrease in Bitcoin prices during the month, we utilized the chance to augment our treasury and currently possess over 52,000 BTC,” stated CEO Fred Thiel.

MARA secures the second position. Source: BitcoinTreasuries

Hashrate Improvements And Site Development

The company reported its active hashrate increased to 59.4 EH/s. All miners at MARA’s Texas wind farm are installed and operational, and the organization claims that the site is on schedule to be fully functional by the fourth quarter of 2025.

Production progress continued into the summer: block victories surged by 27% in July after a recovery at the Ellendale site, elevating monthly output from 591 BTC in June to 692 BTC in July, and finally reaching 705 BTC in August.

Ranking Among Public Holders

Reports have revealed that MARA ranks second among publicly traded companies based on Bitcoin holdings, with Michael Saylor’s Strategy still leading with approximately 636,505 BTC following a recently announced purchase valued at $449 million.

Other companies occupying top positions include Twenty One with 43,514 BTC, Bitcoin Standard Treasury Company with 30,020 BTC, and Bullish with 24,000 BTC.

Additionally, shareholders have experienced a total return of 700% over the past five years. This long-term gain contrasts with more subdued recent returns, as Bitcoin’s volatility and significant operating expenses have impacted performance.

Growth Initiatives And European Endeavors

MARA is also extending beyond mining operations. The organization announced intentions to acquire a 64% interest in Exaion, a division of French energy firm EDF, with an option to elevate ownership to one-third by 2027.

The expressed aim is to combine MARA’s infrastructure with AI-enhanced edge solutions to reduce costs and address Europe’s escalating AI demands.

MARA is solidifying its status as one of the foremost Bitcoin holders. Holding 52,477 BTC valued at nearly $6 billion, the company has secured a prominent position among public enterprises.

Featured image sourced from Getty Images, chart from TradingView

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