- MARA Holdings (MARA, Financial) reports a 25% decrease in June 2025 bitcoin production.
- Current bitcoin holdings stand at 49,940 BTC, nearing the 50,000 BTC milestone.
- The company targets 75 EH/s hash rate by the end of 2025, indicating over 40% growth from 2024.
MARA Holdings (NASDAQ: MARA), a prominent player in digital energy and infrastructure, has released its June 2025 bitcoin production and mining operations update. The company reported a production of 713 BTC for the month, a notable 25% decrease compared to May. This reduction resulted from three main factors: weather-related curtailment impacting uptime, the temporary use of older machines due to storm damage repairs at Garden City, and natural variability in block luck.
Despite the dip in production, MARA's overall bitcoin holdings have reached 49,940 BTC. The company continues its "hodl" strategy, refraining from selling any bitcoin in June. However, it is essential to note that 15,534 BTC, approximately 31% of total holdings, are either loaned, pledged as collateral, or held in managed accounts.
MARA's current operational capacity is supported by 1.1 gigawatts (GW) of its 1.7 GW captive capacity, with a vision to expand its hash rate to 75 EH/s by the end of 2025. This ambitious target represents over 40% growth from the previous year, facilitated by pre-existing machine orders.
The company’s energized hash rate experienced a slight decrease to 57.4 EH/s from 58.3 EH/s in May. Concurrently, MARA's share of available miner rewards dropped to 5.4%, compared to 6.5% the previous month, reflecting fluctuating operational efficiencies and increased network competition.
Looking forward, MARA is set to leverage its extensive power infrastructure and advanced strategies to achieve its year-end goals, positioning itself strongly in the digital energy market.
