MARA Experiences Decline In Bitcoin Mining Manufacturing, Will increase Holdings Over 45K BTC
MARA suffered a 12% discount in Bitcoin mining efficiency in January.
The identical month was hit with Bitcoin’s all-time excessive Mining Problem
Mining problem is a measure of how troublesome it’s to discover a new block in comparison with the best it will probably ever be. The problem adjusts roughly each two weeks to make sure that the typical time between new blocks stays about 10 minutes, regardless of modifications in hash price.
The company’s CEO ensured that they would continue optimizing their operations while eyeing expansion on the horizon.
MARA (formerly Marathon Digital Holdings) recently released its unaudited Bitcoin (BTC) production and mining operations for January. The company experienced a month-over-month (MoM) decline but has considerably grown its digital asset holdings to over 45K BTC.
Decline in the Bitcoin Mining Production of MARA
According to its latest report, the Bitcoin mining firm exhibited a 12% MoM reduction in blocks won. The company only reflected 218 number of blocks won on the MARAPool. The figures were a significant drop from the 249 blocks won in December 2024.
MARA Bitcoin Mining Report for January (Source: MARA)
MARA’s operations only yielded 750 BTC compared to the 865 BTC a month prior. Nevertheless, it’s now maintaining a total of 45,659 BTC in its coffers. At today’s rates between $97K and $101K per BTC, this translates around $4.472 billion to $4.646 billion.
Increase in Bitcoin Mining Difficulty
Fred Thiel, MARA’s chairman and CEO, explained that fluctuations in network difficulty and intermittent curtailment led to the double-digit decline in the company’s Bitcoin mining operations. This came despite a consistent energized Hash Rate
Hash rate is the speed at which a compute is completing an operation in the Bitcoin code. A higher hash rate is better when mining as it increases your opportunity of finding the next block and receiving the reward.
” href=”https://blockzeit.com/glossary/hash-rate/” target=”_blank” data-gt-translate-attributes=”[{” attribute=”” tabindex=”0″ role=”link”>hash rate (EH/s) of 53.2 last December and January.
Network mining difficulty notably peaked from January 13 to 26 at 110.452 trillion based on Blockchain.com data. The rate coincided with BTC’s price fluctuations between $94K to $106K. This represented the highest-ever mining difficulty for Bitcoin.
Thiel stated that MARA didn’t add new Bitcoin miners during the month. However, they are now operating with over 100,000 miners.
Despite their lower production in January, the company boss ensured stakeholders that they remain focused on optimizing their fleet. They are also implementing strategic enhancements to drive long-term efficiency and performance.
Focus on Optimization and Expansion
In addition, he revealed that the MARA has already completed the conversion of over 230 containers for immersion cooling in their Wolf Hollow, Texas, facility. The upgrades ensure the high uptime of their S21 Pro immersion miners.
Even with the upgrades, he clarified that the increased hashrate didn’t contribute to higher power consumption. Their plant in Kearney, Nebraska, is on its way to achieving full conversion to the same hardware.
“Looking ahead, we are committed to expanding our mining capacity in 2025 and further strengthening our position as a leader in the BTC mining industry,” said Thiel. “Our strategy will prioritize near net zero cost energy solutions, and we look forward to sharing more on our earnings call at the end of the month.”
