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BTC
$97,245
+2.5%
ETH
$3,642
+1.8%
BNB
$672
+3.2%
SOL
$248
+4.1%
XRP
$2.85
+5.3%
ADA
$1.24
+2.9%
DOGE
$0.42
+6.2%
LINK
$28.50
+1.5%
Short News

MARA Lends 16% of Bitcoin Reserves, Boosts Hashrate

Qadir AK6 Jan 20251 min read

Bitcoin miner MARA has loaned 7,377 BTC—16% of its 44,893 BTC reserves—to generate modest single-digit yields. These short-term loans aim to offset operating expenses, earning the firm $3.9 million in interest income during Q3 2024. MARA mined 9,457 BTC and acquired 22,065 BTC in 2024 at an average price of $87,205, growing its reserves to $4.4 billion by year-end. The company reported a realized hashrate of 47 EH/s in December, slightly below its 53 EH/s energized capacity, showcasing its robust operational performance amid increasing interest in Bitcoin lending.

#Bitcoin
Qadir AK
Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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MARA Lends 16% of Bitcoin Reserves, Boosts Hashrate | Coinpedia