Mara Holdings (Mara) reported its bitcoin Holdings increased to 52,477 BTC per 31 August, after Crypto Mining Company produced 705 BTC during the month.
The company extracted 208 blocks and maintained a 4.9% share of network payments. Energy Hashrate rose 1% Month-Over month to 59.4 Exahashes per second (Eh/s). Mara chose not to sell any BTC in August, with management noticing that the fall in prices provided an opportunity to grow reserves.
The biggest cryptocurrency fell more than 6% in August, the worst performance since February.
“Given the fall in the Bitcoin award during the month, we took the opportunity to strategically add our treasury and currently have over 52,000 BTC,” said CEO Fred Thiel.
Mara stays on the field to end her Texas Wind Farm development in the fourth quarter with all miners on site and connected. Internationally, the company signed an agreement to buy a 64% share in Exaion, a subsidiary of EDF, with the opportunity to rise to 75% by 2027. The deal is aiming to integrate Mara’s infrastructure with AI and Edge Solutions.
Mara also opened her European headquarters in Paris and reinforced her focus on sustainability, network partnerships and recycling of unused energy.
Mara shares fell 5% on Thursday and are down for 14% years to date.
