TechFlow reported on January 6, according to The Block, Bitcoin mining company MARA disclosed in its December production report that it has allocated 7,377 bitcoins (approximately $730 million) to short-term third-party lending activities, representing 16.4% of its holdings, to earn a "single-digit" yield.
According to the announcement, MARA purchased 22,065 bitcoins at an average price of $87,205 per bitcoin in 2024, while mining an additional 9,457 bitcoins, bringing its total holdings to 44,893 bitcoins—worth over $4.4 billion at current prices. The company has exceeded its 50 EH/s hashrate target, reaching a peak of 53.2 EH/s.
Robert Samuels, Vice President of Investor Relations at MARA, said the lending program began in 2024 and primarily involves collaboration with reputable third-party institutions. CEO Fred Thiel emphasized that the dual strategy of mining and purchasing provides greater flexibility and helps enhance long-term shareholder value.
