TLDR:

Marathon Digital targets 75 EH/s by end of 2025, up over 40% from current levels.
June BTC output fell 25% due to weather, old machines, and pool volatility.
Energized hashrate dipped to 57.4 EH/s, but reserves hit 49,940 BTC.
Growth is backed by 1.7 GW of energy, with 3 GW pipeline under development.

Marathon Digital Holdings has set an ambitious target to push its total hashrate to 75 exahash per second (EH/s) by the end of 2025. 

The goal marks a more than 40% increase from 2024 levels, reflecting the firm’s confidence in its current infrastructure and upcoming deployments. Despite a production dip in June, the company’s bitcoin holdings continue to climb, approaching a major milestone of 50,000 BTC. 

Chairman and CEO Fred Thiel highlighted the firm’s strategy, noting its reliance on low-cost energy and disciplined capital use. Marathon appears focused on long-term growth, even as short-term production remains under pressure.

Marathon June Production Dips on Weather and Equipment Strain

According to a press release issued July 1, Marathon’s June output fell sharply, with 211 blocks mined, down 25% from May’s 282. 

The decline stemmed from weather-related curtailments and the temporary use of older machines at its Garden City facility. The company also cited the natural volatility in block rewards due to mining pool dynamics. 

As a result, daily bitcoin output averaged 23.8 BTC, compared to 30.7 BTC in May.

These conditions led to a monthly Bitcoin production of 713 BTC, down from 950 BTC the previous month. Energized hashrate also slipped slightly, falling from 58.3 EH/s to 57.4 EH/s. Despite these setbacks, Marathon did not liquidate any of its BTC holdings in June.

Marathon Digital Eyes 75 EH/s by end of 2025!

The Chairman and CEO, of @MARA, @fgthiel, announced the company’s target to reach 75 EH/s by the end of 2025, a 40% growth from 2024 and backed by current machine orders and a development pipeline of more than 3 GW of low-cost power.… pic.twitter.com/ah0tcooE3M

— Anthony Pwer (@cazenove_uk) July 1, 2025

Long-Term Growth Strategy Backed by Power Pipeline

Thiel said the company remains focused on scaling, supported by 1.7 gigawatts of energy capacity, with 1.1 GW already operational. 

The company’s roadmap includes over 3 GW of low-cost power resources under development. This infrastructure supports Marathon’s goal to reach 75 EH/s, which would strengthen its position as the largest publicly traded bitcoin miner.

He also emphasized the company’s approach to efficient capital allocation and cost-effective energy sourcing, key drivers behind its expansion plans.

Marathon Digital Bitcoin Treasury Nears 50,000 BTC Milestone

Despite recent production challenges, Marathon’s Bitcoin reserves continue to grow steadily. 

As of June 30, the company held 49,940 BTC. This figure includes assets held in collateral, loaned positions, or segregated accounts for corporate benefits. The company’s treasury strategy involves accumulating bitcoin through both self-mining and strategic purchases.

With this level of accumulation, Marathon is reinforcing its commitment to building shareholder value while navigating market and operational fluctuations

 

The post Marathon Digital Battles Weather Woes as BTC Output Slides, Growth Plan Intact appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 2, 2025 4:24 am