MARA Bitcoin Production and Mining Operation Updates for December 2024
MARA, a global leader in using digital asset compute to support the energy transformation, has released some exciting updates on its Bitcoin production and mining operations for December 2024. The company’s energized hash rate increased by 15% to 53.2 EH/s, surpassing its year-end target. They also increased their Bitcoin holdings to an impressive 44,893 BTC, with a 2024 BTC yield per share of 62.7%.
Fred Thiel, MARA’s chairman and CEO, shared, “In December, we mined 249 blocks, the second most in a month on record. Our efforts resulted in an energized hash rate growth and marked progress in expanding our operations and performance. In 2024, we acquired 22,065 BTC and mined an additional 9,457 BTC, demonstrating our strong position in the industry.”
MARA’s dual approach of mining and buying Bitcoin provides flexibility to acquire Bitcoin at attractive prices, optimizing their acquisition cost. This strategy allows them to produce BTC at a lower cost than the spot price, strengthening their position and delivering long-term shareholder value.
Some operational highlights include a 15% increase in energized hash rate, despite a 2% decline in BTC production due to a slight decrease in luck. With impressive annual hash rate growth and substantial progress in operations, MARA is solidifying its leadership in the industry.
These updates showcase MARA’s commitment to innovation, growth, and shareholder value, making them a notable player in the digital asset industry. Keep an eye on MARA as they continue to make strides in Bitcoin production and mining operations.
