Bitcoin Blocks Mined: 218 in January, a Monthly Drop of 12%
Bitcoin Reserves Rise to 45,659 BTC
Fort Lauderdale, FL, February 3, 2025 (GLOBE NEWSWIRE) — MARA (NASDAQ: MARA) (“MARA” or the “Company”), a key player in the digital asset computing space, supporting the shift toward renewable energy solutions, has released its preliminary Bitcoin (BTC) production numbers and mining performance insights for January 2025.
Key Takeaways from Management
According to Fred Thiel, Chairman and CEO of MARA, “January saw a slight dip of 12% in blocks mined compared to the previous month. This was mainly caused by variations in network difficulty and occasional power cutbacks. However, following a productive close to 2024 where we relocated and activated more than 100,000 mining units, our active hashrate remained consistent with December levels as no new miners came online during January.”
“Our current focus is on refining our equipment and making calculated improvements that will boost our effectiveness and output over the long haul. At our Wolf Hollow facility in Texas, we’ve effectively updated over 230 container units to immersion cooling, which guarantees excellent uptime for our S21 Pro immersion miners. Not only do these enhancements increase efficiency, but they also improve our hashrate without needing additional power. Additionally, our Kearney, Nebraska site is close to completing its transition to S21 Pros, which is expected to have a large impact on fleet efficiency.”
“As we move forward, we plan to keep expanding our mining capabilities throughout 2025, further securing our place as a premier company in the Bitcoin mining industry. Our main emphasis will be on energy options with almost zero net cost, and we are excited to share more information during our earnings call later this month.”
January 2025 Performance: A Summary
Figure 1: Operational Highlights
| Prior Month Comparison | |||||||||
| Metric | 1/31/2025 | 12/31/2024 | % Δ | ||||||
| Number of Blocks Won 1 | 218 | 249 | (12)% | ||||||
| BTC Produced 2 | 750 | 865 | (13)% | ||||||
| Average BTC Produced per Day | 24.2 | 27.9 | (13)% | ||||||
| Share of available miner rewards 3 | 5.1 | % | 5.9 | % | NM | ||||
| Transaction Fees as % of Total 1 | 1.6 | % | 2.7 | % | NM | ||||
| Energized Hash Rate (EH/s) 1 | 53.2 | 53.2 | — | % | |||||
- These figures represent MARAPool’s performance only, excluding blocks mined through collaborative ventures.
- Includes production share from joint venture agreements.
- Calculated as MARA’s total block rewards, including transaction fees, during the given period, divided by the Bitcoin network’s total block rewards and transaction fees for the same period.
NM – Not Meaningful
Important Information for Investors
Investing in our company comes with significant risks. Before making any investment decisions, it is important to carefully review the potential risks, uncertainties, and forward-looking statements as detailed under “Risk Factors” in our latest annual report on Form 10-K, alongside any additional reports submitted to the SEC. Should any of these risks materialize, our operational and financial standings may be negatively affected. Consequently, the market value of our securities could drop, and investors may lose their entire investment. It’s also important to note that the risks described are not comprehensive; other unknown or currently insignificant risks could also impair operations. Furthermore, past financial results do not guarantee future performance, and historical data should not be relied upon to predict future outcomes. Refer to “Forward-Looking Statements” below for more information.
The operational updates shared in this press release are specific to our Bitcoin mining activities. For complete information about our other business activities, please consult our periodic reports filed with the SEC.
Disclaimer Regarding Forward-Looking Statements
This press release contains projections and anticipations that qualify as forward-looking statements under federal securities laws. All statements within this document that are not strictly historical are considered forward-looking. Terms such as “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target,” and similar expressions are used to identify these statements, though their absence does not negate a statement’s forward-looking nature. These statements include, but are not limited to, discussions about our business plan, projected advancements in mining fleet efficiency, and future expansions of mining capabilities planned for 2025. These forward-looking statements reflect current expectations and assumptions about future events as of this date. However, numerous risks and uncertainties could cause actual outcomes to differ significantly from those projected. Subsequent events, including real-world results or alterations in our core assumptions, may change our perspectives. The company is not obligated to update any forward-looking statements unless required by law. Readers should be wary of placing undue confidence in these statements, which are qualified in their entirety by this cautionary note. Actual results may vary substantially due to various factors, including those listed under the heading “Risk Factors” in our most recent Form 10-K report and other filings with the SEC.
About MARA
MARA (NASDAQ:MARA) stands as a global leader in the realm of digital asset computation. The company is dedicated to developing and implementing cutting-edge technologies that foster a more sustainable and inclusive future. MARA plays a critical role in securing the world’s leading blockchain and champions the transition to clean energy by converting underutilized energy resources into valuable economic assets.
For additional details, please visit www.mara.com, or connect with us on:
Twitter: @MARAHoldings
LinkedIn: www.linkedin.com/company/maraholdings
Facebook: www.facebook.com/MARAHoldings
Instagram: @maraholdingsinc
MARA Company Contact:
Phone: 800-804-1690
Email: ir@mara.com
MARA Media Contact:
Email: marathon@wachsman.com
Source: MARA Holdings, Inc.
Released February 3, 2025