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MARA Mines 705 BTC in August as Treasury Holdings Top 52,000
Company holds 52,477 BTC, advances Texas wind farm and European growth while shares face year-to-date decline.
Sep 5, 2025, 9:57 a.m.
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What to know:
- MARA Holdings produced 705 bitcoin in August with energized hashrate rising to 59.4 EH/s, maintaining a 4.9% network share.
- The company's stock fell 5% on Thursday and is down 14% year to date despite strategic moves in AI and energy partnerships.
MARA Holdings (MARA) reported that its bitcoin holdings climbed to 52,477 BTC as of Aug. 31, after the crypto mining company produced 705 BTC during the month.
The company mined 208 blocks, maintaining a 4.9% share of network rewards. Energized hashrate rose 1% month-over-month to 59.4 exahashes per second (EH/s). MARA opted not to sell any BTC in August, with management noting that the price decline provided an opportunity to grow reserves.
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The largest cryptocurrency fell more than 6% in August, the worst performance since February.
“Given the decline in bitcoin price during the month, we took the opportunity to strategically add to our treasury and currently hold over 52,000 BTC,” said CEO Fred Thiel.
MARA remains on track to complete its Texas wind farm buildout by the fourth quarter, with all miners on-site and connected. Internationally, the company signed an agreement to buy a 64% stake in Exaion, a subsidiary of EDF, with the option to increase to 75% by 2027. The deal aims to integrate MARA’s infrastructure with AI and edge solutions.
MARA also opened its European headquarters in Paris, reinforcing its focus on sustainability, grid partnerships and the repurposing of unused energy.
MARA shares fell 5% on Thursday and are down 14% year to date.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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