Key Highlights
- MARA surpasses 50,000 BTC holdings.
- Energized hashrate increased in July 2025.
- Wind-powered data centre launch planned.
MARA Holdings Inc., a leading digital asset infrastructure company, announced on August 4, 2025, its unaudited bitcoin production results for July. The company now holds over 50,000 BTC, securing its position as the world’s second-largest publicly traded bitcoin holder.
Management’s View on July Performance
CEO Fred Thiel noted a 2% month-over-month decrease in blocks won due to higher global hashrate and a 9% increase in mining difficulty. Despite these headwinds, MARA achieved the 50,000 BTC milestone through deliberate infrastructure investments and operational discipline.
The company also reported a 3% increase in energized hashrate and plans to energize its Texas wind farm data centre in the second half of the year, expanding renewable-powered operations. While Ohio sites faced higher-than-expected curtailment, efficiency improvements at Wolf Hollow and Karney offset the impact.
Operational Metrics
In July, MARA mined 207 blocks (down from 211 in June) and produced 703 BTC (slightly below June’s 713 BTC). Average daily output fell from 23.8 to 22.7 BTC. Market share of total miner rewards slipped from 5.4% to 4.9%, attributed to tougher difficulty and stronger network hashrate. Transaction fees declined from 1.4% to 1.1%.
On the positive side, energized hashrate grew from 57.4 EH/s to 58.9 EH/s, showing continued infrastructure scaling.
Strategic Approach
MARA treats BTC as a productive, risk-managed asset, using it to strengthen its balance sheet and fund operations. As of June 30, 2025, the company held over $5B in liquid assets and has since raised nearly $1B more, enabling domestic and international expansion.
Future Prospects
The upcoming Texas wind farm data centre marks the next phase in MARA’s growth, aligning with the industry’s shift toward renewable and sustainable mining.
Fundfa View
MARA’s milestone of 50,000 BTC, combined with renewable expansion and disciplined asset management, positions it strongly for long-term growth in the evolving bitcoin mining sector.