MARA Reports June 2025 Bitcoin Production and Mining Operations Update, Issues Mid-Year Outlook
MARA Holdings (NASDAQ: MARA), a leading digital energy and infrastructure company, has reported its June 2025 bitcoin production and mining operations update. The company mined 211 blocks in June, representing a 25% decrease from May, producing 713 BTC at an average of 23.8 BTC per day.
MARA's current bitcoin holdings stand at 49,940 BTC, with 15,534 bitcoin either loaned, pledged as collateral, or held in managed accounts. The company maintained its holding strategy, choosing not to sell any BTC during June. With 1.7 gigawatts of captive capacity, including 1.1 GW currently operational, MARA is targeting an ambitious 75 exahash by the end of 2025, representing over 40% growth from 2024.
The June production decrease was attributed to reduced uptime from weather-related curtailment, temporary deployment of older machines in Garden City due to storm damage, and natural variability in block luck. The company's current energized hashrate stands at 57.4 EH/s, slightly down from 58.3 EH/s in May.
MARA Holdings (NASDAQ: MARA), un'azienda leader nel settore dell'energia digitale e delle infrastrutture, ha comunicato l'aggiornamento sulla produzione di bitcoin e sulle operazioni di mining di giugno 2025. La società ha estratto 211 blocchi a giugno, con una diminuzione del 25% rispetto a maggio, producendo 713 BTC con una media di 23,8 BTC al giorno.
Le attuali riserve di bitcoin di MARA ammontano a 49.940 BTC, di cui 15.534 bitcoin sono stati prestati, dati in garanzia o detenuti in conti gestiti. La società ha mantenuto la sua strategia di detenzione, scegliendo di non vendere alcun BTC durante il mese di giugno. Con una capacità captive di 1,7 gigawatt, di cui 1,1 GW attualmente operativi, MARA punta a raggiungere un ambizioso 75 exahash entro la fine del 2025, con una crescita superiore al 40% rispetto al 2024.
La diminuzione della produzione a giugno è stata attribuita a una riduzione del tempo operativo dovuta a interruzioni legate al maltempo, all'impiego temporaneo di macchine più vecchie a Garden City a causa dei danni causati da una tempesta, e alla naturale variabilità della fortuna nei blocchi. L'hashrate attualmente attivo della società è di 57,4 EH/s, leggermente inferiore ai 58,3 EH/s di maggio.
MARA Holdings (NASDAQ: MARA), una empresa líder en energía digital e infraestructura, ha informado sobre su producción de bitcoin y operaciones mineras en junio de 2025. La compañía minó 211 bloques en junio, lo que representa una disminución del 25% respecto a mayo, produciendo 713 BTC con un promedio de 23,8 BTC diarios.
Las reservas actuales de bitcoin de MARA son de 49.940 BTC, de los cuales 15.534 bitcoins están prestados, comprometidos como garantía o en cuentas gestionadas. La empresa mantuvo su estrategia de retención, optando por no vender BTC durante junio. Con una capacidad cautiva de 1,7 gigavatios, incluyendo 1,1 GW operativos actualmente, MARA apunta a un ambicioso objetivo de 75 exahash para finales de 2025, lo que representa un crecimiento superior al 40% respecto a 2024.
La disminución en la producción de junio se atribuyó a una reducción del tiempo operativo debido a interrupciones por condiciones climáticas, el despliegue temporal de máquinas antiguas en Garden City por daños causados por tormentas y la variabilidad natural en la suerte de los bloques. La tasa de hash energizada actual de la compañía es de 57,4 EH/s, ligeramente inferior a los 58,3 EH/s de mayo.
MARA Holdings (NASDAQ: MARA)는 선도적인 디지털 에너지 및 인프라 기업으로, 2025년 6월 비트코인 생산 및 채굴 운영 현황을 보고했습니다. 회사는 6월에 211개 블록을 채굴했으며, 이는 5월 대비 25% 감소한 수치로, 하루 평균 23.8 BTC씩 총 713 BTC를 생산했습니다.
MARA의 현재 비트코인 보유량은 49,940 BTC이며, 이 중 15,534 BTC는 대출, 담보 제공 또는 관리 계좌에 보관 중입니다. 회사는 6월 동안 BTC를 판매하지 않고 보유 전략을 유지했습니다. 1.7기가와트의 자체 용량 중 1.1 GW가 현재 운영 중이며, MARA는 2025년 말까지 75 엑사해시라는 야심 찬 목표를 설정했으며, 이는 2024년 대비 40% 이상의 성장에 해당합니다.
6월 생산 감소는 기상 악화로 인한 가동 시간 감소, 폭풍 피해로 인해 가든 시티에서 구형 기계를 임시로 배치한 점, 그리고 블록 운의 자연스러운 변동성 때문으로 분석됩니다. 회사의 현재 가동 해시레이트는 57.4 EH/s로, 5월의 58.3 EH/s보다 약간 낮습니다.
MARA Holdings (NASDAQ: MARA), une entreprise de premier plan dans le domaine de l'énergie numérique et des infrastructures, a publié sa mise à jour sur la production de bitcoins et les opérations de minage pour juin 2025. La société a miné 211 blocs en juin, soit une baisse de 25 % par rapport à mai, produisant 713 BTC avec une moyenne de 23,8 BTC par jour.
Les avoirs actuels en bitcoins de MARA s'élèvent à 49 940 BTC, dont 15 534 bitcoins sont prêtés, mis en garantie ou détenus dans des comptes gérés. L'entreprise a maintenu sa stratégie de conservation, choisissant de ne vendre aucun BTC en juin. Avec une capacité captive de 1,7 gigawatt, dont 1,1 GW actuellement opérationnels, MARA vise un objectif ambitieux de 75 exahash d'ici la fin 2025, ce qui représente une croissance de plus de 40 % par rapport à 2024.
La baisse de production en juin a été attribuée à une réduction du temps de fonctionnement due à des restrictions liées aux conditions météorologiques, au déploiement temporaire de machines plus anciennes à Garden City suite à des dégâts causés par une tempête, ainsi qu'à la variabilité naturelle de la chance des blocs. Le taux de hachage énergisé actuel de l'entreprise est de 57,4 EH/s, légèrement inférieur aux 58,3 EH/s de mai.
MARA Holdings (NASDAQ: MARA), ein führendes Unternehmen im Bereich digitale Energie und Infrastruktur, hat sein Update zur Bitcoin-Produktion und Mining-Aktivitäten im Juni 2025 veröffentlicht. Das Unternehmen hat im Juni 211 Blöcke geschürft, was einem Rückgang von 25 % gegenüber Mai entspricht, und dabei 713 BTC mit einem Durchschnitt von 23,8 BTC pro Tag produziert.
Der aktuelle Bitcoin-Bestand von MARA beträgt 49.940 BTC, davon sind 15.534 Bitcoin verliehen, als Sicherheit hinterlegt oder in verwalteten Konten gehalten. Das Unternehmen verfolgt weiterhin eine Haltestrategie und hat im Juni keine BTC verkauft. Mit einer eigenen Kapazität von 1,7 Gigawatt, davon 1,1 GW derzeit in Betrieb, strebt MARA bis Ende 2025 ein ehrgeiziges Ziel von 75 Exahash an, was einem Wachstum von über 40 % gegenüber 2024 entspricht.
Der Rückgang der Produktion im Juni wurde auf verringerte Betriebszeiten aufgrund wetterbedingter Einschränkungen, den vorübergehenden Einsatz älterer Maschinen in Garden City wegen Sturmschäden sowie natürliche Schwankungen beim Block-Glück zurückgeführt. Die derzeitige aktive Hashrate des Unternehmens liegt bei 57,4 EH/s, etwas niedriger als die 58,3 EH/s im Mai.
- None.
- 25% decrease in blocks won (211 vs 282) and BTC production in June compared to May
- Reduced uptime due to weather-related curtailment and storm damage
- Slight decrease in energized hashrate to 57.4 EH/s from 58.3 EH/s
- 31.1% of total bitcoin holdings (15,534 BTC) are loaned, pledged as collateral, or in managed accounts
Insights
MARA aims for 75 EH/s by year-end despite 25% monthly production decline; approaching significant 50,000 BTC holding milestone.
MARA's June production update reveals a 25% decrease in Bitcoin production compared to May, with 211 blocks mined yielding 713 BTC versus the previous month's 950 BTC. This decline stems from three key factors: weather-related curtailment reducing uptime, temporary deployment of less efficient machines during storm damage repairs at Garden City, and natural variability in block luck – an inherent risk when operating a self-managed mining pool.
Despite these short-term challenges, MARA's total BTC holdings reached 49,940, positioning them near the symbolically important 50,000 BTC milestone. This accumulation strategy aligns with their hodl approach, as they chose not to sell any Bitcoin during June. However, investors should note that approximately 31% of these holdings (15,534 BTC) are loaned out, pledged as collateral, or held in separately managed accounts – creating potential counterparty risks that could affect actual control of these assets.
The company's energized hashrate decreased slightly to 57.4 EH/s, a 2% reduction from May's 58.3 EH/s. More significant was their reduced network share of miner rewards, falling to 5.4% from 6.5% the previous month. While some fluctuation is expected in mining operations, this magnitude of decline in network share exceeds what would be anticipated from hashrate reduction alone, suggesting either network-wide hashrate growth or suboptimal operational efficiency during June.
Looking forward, MARA maintains ambitious growth targets, aiming to reach 75 EH/s by year-end, representing over 40% annual growth. This expansion is supported by their 1.7 GW power capacity (1.1 GW currently operational) and a pipeline exceeding 3 GW of additional opportunities. With mining equipment orders already placed, the company appears well-positioned to execute on this growth plan, assuming power infrastructure development proceeds as scheduled.
MARA's power infrastructure strategy reveals sophisticated energy management amid scaling operations. Their 1.7 GW captive capacity with 1.1 GW currently operational represents significant progress in securing power resources – a critical competitive advantage in the mining sector. The company's experience with weather-related curtailment in June highlights the reality of grid-connected mining operations; these curtailment events are often compensated through demand response programs, potentially offsetting some revenue losses during down periods.
The 3+ GW growth pipeline of "low-cost power opportunities" suggests MARA has secured preliminary agreements for future power deployment. However, these agreements typically involve complex permitting, interconnection, and construction timelines that frequently extend beyond initial projections. The June report's mention of "storm-related damage" at Garden City requiring remediation indicates vulnerability to weather events – an increasingly relevant factor as climate patterns become more volatile.
The company's strategy of pairing older, less efficient machines with lower-cost power sources (as evidenced by the temporary Garden City deployment) demonstrates a sophisticated approach to maximizing returns across their hardware fleet. This tiered deployment strategy – matching machine efficiency with corresponding power costs – is essential for optimizing mining economics across diverse power markets.
MARA's hashrate growth target of 75 EH/s by year-end would require approximately 2.25-2.5 GW of total power capacity at current generation machine efficiencies. With 1.7 GW of captive capacity reported, this suggests either plans to deploy additional power resources in 2025 or expectations of significant efficiency improvements in new mining hardware. The company's approach of securing machine orders in advance of power development indicates confidence in their ability to execute the power side of their growth strategy.
Targeting 75 EH/s by Year-End
211 Blocks Won in June,
Increased BTC Holdings* to 49,940 BTC
Miami, FL, July 01, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a leading digital energy and infrastructure company, today published unaudited bitcoin ("bitcoin" or "BTC") production updates for June 2025 and provided its hashrate outlook for the full year.
Management Commentary
"With 1.7 gigawatts (“GW”) of captive capacity – including 1.1 GW currently operational – and a growth pipeline exceeding 3 GW of low-cost power opportunities, we are targeting 75 exahash by the end of 2025. This target represents over
"Following a record-breaking May, production in June came in lower, with 211 blocks won for the month. The decrease was primarily due to reduced uptime from weather-related curtailment and the temporary deployment of older machines in Garden City while storm-related damage was being remediated. Natural variability in block luck – an expected dynamic when operating our own mining pool – also contributed.
"We’re excited to be approaching 50,000 bitcoin, a testament to the scale of our operations and the strength of our strategy. This milestone reflects our disciplined approach to accumulating bitcoin through both mining and strategic purchases, and our continued commitment to building long-term value for our shareholders.”
Operational Highlights and Updates
Figure 1: Operational Highlights
| Prior Month Comparison | ||||||||||||
| Metric | 6/30/2025 | 5/31/2025 | % Δ | |||||||||
| Number of Blocks Won 1 | 211 | 282 | (25 | )% | ||||||||
| BTC Produced | 713 | 950 | (25 | )% | ||||||||
| Average BTC Produced per Day | 23.8 | 30.7 | (23 | )% | ||||||||
| Share of available miner rewards 2 | 5.4 | % | 6.5 | % | NM | |||||||
| Transaction Fees as % of Total 1 | 1.4 | % | 1.5 | % | NM | |||||||
| Energized Hashrate (EH/s) 1 | 57.4 | 58.3 | (2 | )% | ||||||||
- These metrics are MARAPool only and do not include blocks won from joint ventures.
- Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.
NM - Not Meaningful
As of June 30, 2025, the Company held a total of 49,940 BTC*. MARA opted not to sell any BTC in June.
*Includes 15,534 bitcoin that is loaned, pledged as collateral or held in a separately managed account for the benefit of the Company.
Investor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading "Risk Factors" in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the "SEC"). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Forward-Looking Statements" below.
The operational highlights and updates presented in this press release pertain solely to our bitcoin mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC. The bitcoin production figures provided are estimates and may be subject to adjustment in our periodic reports filed with the SEC.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words "may," "will," "could," "anticipate," "expect," "intend," "believe," "continue," "target" and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to our full-year exahash outlook, our growth pipeline and our bitcoin treasury strategy. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.
About MARA
MARA (NASDAQ:MARA) deploys digital energy technologies to advance the world's energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.
For more information, visit www.mara.com, or follow us on:
Twitter: @MARA
LinkedIn: www.linkedin.com/company/maraholdings
Facebook: www.facebook.com/MARAHoldings
Instagram: @maraholdingsinc
MARA Company Contact:
Telephone: 800-804-1690
Email: ir@mara.com
MARA Media Contact:
Email: mara@wachsman.com
FAQ
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