MARA Generates Passive Income from Bitcoin Reserves
MARA Holdings has lent 7,377 BTC (16.4% of its Bitcoin reserves) to third-party organizations as part of a strategy to generate passive income.
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Vice president of investor relations at MARA Robert Samuels declined to disclose specific details, such as the names of partner organizations or the exact returns. However, he confirmed that MARA has been working with vetted companies for over a year, earning low single-digit annual returns, below 10%.
This initiative aims to offset operational costs associated with mining, such as electricity, maintenance, and infrastructure. MARA currently holds 44,893 BTC ($4.4 billion). Of this, 22,065 BTC were purchased earlier this year at an average price of $87,200, while the company mined an additional 9,457 BTC over the same period.
As a miner that mines and buys bitcoin, the hybrid approach provides us significant flexibility to acquire bitcoin at attractive prices. We believe this dual approach strengthens our position and enhances our ability to deliver long-term shareholder value,
said CEO Fred Thiel.
Beyond financial strategies, MARA continues to scale its operations. The company’s current hash rate has surpassed 50 EH/s, compared to Bitcoin’s total network hash rate, which is nearing 1,000 EH/s. This increasing competition raises concerns for miners, including rising electricity costs and reduced profitability for those with less efficient equipment.
Related: Fred Thiel and His Mining Empire
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