MARA Holdings, Inc. reported that it expanded its bitcoin holdings to 52,477 BTC as of August 31, 2025, following a month of steady mining activity and strategic advances.

August mining performance

The company produced 208 bitcoin blocks in August, mirroring its output from the previous month.

This resulted in 705 BTC mined for the period, with an average daily production of 22.7 BTC. MARA’s energized hashrate increased by 1% to reach 59.4 EH/s, even as the global bitcoin network hashrate climbed 6% month-over-month to an average of 949 EH/s.

Chairman and CEO Fred Thiel commented on the performance:

“Given the decline in bitcoin price during the month, we took the opportunity to strategically add to our treasury and currently hold over 52,000 BTC.”

Expansion and international initiatives

During August, MARA finalized preparations to become fully operational at its Texas wind farm by the fourth quarter.

The company also established its European headquarters in Paris and moved forward with an investment agreement to acquire a 64% stake in Exaion, a subsidiary of EDF, with an option to increase ownership to 75% by 2027.

This deal aims to further integrate MARA’s technology stack and artificial intelligence capabilities.

Focus on treasury accumulation

MARA did not sell any bitcoin in August, reinforcing its ongoing strategy of building and managing a substantial bitcoin treasury.

The company’s approach reflects a broader trend among major mining firms to hold mined coins rather than liquidate them immediately.

Operational stability and outlook

Transaction fees accounted for 0.8% of total rewards in August, down from 1.1% the previous month. MARA’s share of available miner rewards remained steady at 4.9%.

For a comprehensive overview of public bitcoin miner holdings, see the mining companies bitcoin holdings tracker.