MARA Bitcoin Production and Mining Operation Update for November 2024
Hey there, crypto enthusiasts! Exciting news from MARA (NASDAQ: MARA) – the Bitcoin production and mining operation updates for November 2024 are here, and they are impressive!
According to Fred Thiel, MARA’s chairman and CEO, November was a game-changer for the company. They mined a whopping 254 blocks, which is a 27% increase compared to October, marking it as their highest block production month ever.
But that’s not all – their BTC production saw a 26% growth month-over-month to 907 BTC, and their energized hash rate spiked to 46.1 EH/s, a 15% increase from October. MARA’s year-to-date BTC yield per share now stands at a solid 37.2%, with a total of 34,959 BTC in their HODL as of November 30, 2024.
What’s interesting is their hybrid approach to mining and buying Bitcoin, which gives them the flexibility to acquire Bitcoin at attractive prices. This strategy allows them to capitalize on market conditions, buying BTC during price declines, and optimizing their acquisition cost.
The operational highlights and updates for November include their success in winning 254 blocks, producing 907 BTC, and an increase in their energized hash rate to 46.1 EH/s – painting a picture of a company that is truly excelling in the digital asset world.
Remember, investing in securities like MARA involves risks, so be sure to carefully consider all factors before making any investment decisions. Stay tuned for more updates and let’s see where MARA takes us next in the ever-evolving world of cryptocurrency mining!
