MARA Holdings, a publicly listed Bitcoin miner, reported mining 717 BTC in October, the highest production since April's halving event. The company's hashrate increased by 14% to 40.2 EH/s. Transaction fees accounted for 5% of the total Bitcoin produced, highlighting the potential upside of MARA's proprietary mining technology platforms. MARA holds 27,562 BTC in its treasury. Despite rising production expenses, MARA and other Bitcoin miners are adjusting their business strategies to offset costs. A comparative study shows that a 1 MW mining project could recover its initial investment in around 27 months.
- Content Editor ( financemagnates.com )
- 2024-11-04
Wall Street Bitcoin Giant MARA Flexes Mining Muscle with 14% Hashrate Surge