MARA Holdings Boosts Bitcoin Treasury to 52,477 BTC Amid Mining and Expansion Moves

MARA Holdings (MARA) reported its bitcoin holdings rose to 52,477 BTC as of August 31, following the production of 705 BTC during the month.

The crypto miner successfully mined 208 blocks, maintaining a 4.9% share of network rewards, while its energized hash rate increased 1% month-over-month to 59.4 EH/s. MARA did not sell any BTC in August, citing the recent price decline as an opportunity to expand its treasury. Bitcoin fell over 6% in August, marking its weakest month since February.

“Given the decline in bitcoin prices, we strategically added to our treasury, now holding over 52,000 BTC,” said CEO Fred Thiel.

On the operational front, MARA is progressing with its Texas wind farm, with all miners installed and connected, targeting completion by Q4. Internationally, the company finalized an agreement to acquire a 64% stake in Exaion, a subsidiary of EDF, with an option to increase to 75% by 2027, aiming to integrate its mining infrastructure with AI and edge computing solutions.

The miner also inaugurated its European headquarters in Paris, signaling a focus on sustainability, energy partnerships, and the repurposing of unused energy.

Shares of MARA declined 5% on Thursday, leaving the stock down 14% year-to-date.