Mining giant expands into renewable energy and European markets despite share price struggles
MARA Holdings has strengthened its position as one of the largest Bitcoin miners in the world, reporting the production of 705 BTC in August and raising its total treasury to 52,477 BTC. The company maintained a 4.9% share of global mining rewards, even as market conditions weighed on its stock performance.
Treasury Strategy and Market Conditions
The company mined 208 blocks in August, with its energized hashrate increasing 1% month-over-month to 59.4 exahashes per second (EH/s). Despite ongoing market volatility, MARA chose not to liquidate any of its mined Bitcoin.
“Given the decline in bitcoin price during the month, we took the opportunity to strategically add to our treasury and currently hold over 52,000 BTC,” said CEO Fred Thiel.
The decision comes after Bitcoin posted a 6% monthly decline, marking its worst performance since February. MARA’s stock also reflected broader sector pressures, falling 5% on Thursday and showing a 14% year-to-date decline.
Renewable Energy and Infrastructure Push
Looking ahead, MARA confirmed that it is on track to complete its Texas wind farm project by the fourth quarter. The company has deployed all miners on-site, underscoring its commitment to renewable energy sources for powering operations.
At the same time, MARA announced an agreement to acquire a 64% stake in Exaion, a subsidiary of EDF, with an option to raise its holding to 75% by 2027. The move signals a broader push into AI-driven and edge-computing infrastructure.
As part of its international strategy, MARA has opened a new European headquarters in Paris. The expansion is aimed at building partnerships across sustainability, grid integration, and the reuse of underutilized energy.
Industry analysts note that MARA’s dual focus on Bitcoin mining and renewable energy partnerships could position it favorably as regulators and investors increasingly emphasize sustainability in digital asset markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.