Bitcoin Mayhem: MARA Mines 705 BTC but Still Faces Financial Fiasco in August

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Markets

What You *Really* Need to Know:

  • MARA produced a solid 705 BTC in August, with its hashrate skyrocketing to 59.4 EH/s. But hey, it’s still only holding 4.9% of the network’s pie. 🍰
  • Meanwhile, the stock took a nice 5% dive on Thursday. Year-to-date? A 14% plunge. All that “AI and energy strategy” isn’t exactly working wonders. 🧐

In This *Very* Exciting Article

BTCBTC$112,239.37◢1.41%

So ” said CEO Fred Thiel, ever the optimist in a world full of falling prices.📉

They mined 208 blocks, and managed to keep 4.9% of the rewards. Great job, guys! Oh, and their hashrate rose by a *whole* 1% to 59.4 EH/s. Someone call the energy police, because this place is *electrified*. ⚡

Did MARA sell any BTC in August? Nope, not a single coin. Despite the 6% decline in Bitcoin’s price, they “strategically” added to their treasury. Because why not keep all those Bitcoins locked away in a digital vault, right? 🔐

“Hey, the price is low, let’s go on a shopping spree!” said Fred, the CEO. Well, the shopping didn’t go as planned as the largest cryptocurrency fell by over 6%. Worst month since February! Is it a sign of things to come? Who knows. 🤷‍♂️

But wait, they’ve got bigger plans! Apparently, the Texas wind farm will be “done” by Q4. And they even signed a deal to buy a chunk of Exaion from EDF! They’re looking to integrate all their fancy infrastructure with AI and edge solutions. 🌪️

They’ve also opened a European headquarters in Paris, just to add a little *je ne sais quoi* to the mix. I mean, Paris, sustainability, and unused energy sounds like the perfect combo, right? 🙄

All this… and their stock still took a 5% hit last Thursday. As for the year-to-date performance? It’s still down a glorious 14%. Well, at least they’re trying! 🤷‍♀️

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2025-09-05 13:22