The post MARA Lends 16% of Bitcoin Reserves, Boosts Hashrate appeared on BitcoinEthereumNews.com.

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. Source: https://coinpedia.org/crypto-live-news/mara-lends-16-of-bitcoin-reserves-boosts-hashrate/

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Filed under: News - @ January 6, 2025 5:17 am