As per CoinTelegraph, mining company MARA, formerly Marathon Digital, announced on January 3, 2024, that it lent out 7,377 Bitcoin to third parties. The company's Bitcoin holdings are valued at $4.2 billion, assuming a price of $93,354 per BTC. MARA's Bitcoin lending program focuses on short-term arrangements with established third parties, generating a modest yield to offset mining expenses. In December 2024, MARA became the first publicly traded mining company to achieve 50 exahashes per second in computing power. The company acquired 22,065 Bitcoin at an average price of $87,205 per coin in 2024 and mined an additional 9,457 BTC, bringing its total holdings to 44,893 BTC. MARA raised $1.9 billion through convertible note offerings to purchase 15,574 BTC for its treasury. Michael Saylor praised MARA's strategy, expecting it to join the Nasdaq 100 index.
MARA Lends 7,377 BTC in 2024, Achieves 50 EH/s Milestone
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