Targeting 75 EH/s by Year-End
Miami, Florida, July 1, 2025 – Mara Holdings, Inc. (Nasdaq: MARA), a prominent player in digital energy and infrastructure, has released its Bitcoin production figures for June 2025, along with a one-year hashrate outlook.
Management Insights
Mara’s current capacity stands at 1.7 gigawatts (GW), with 1.1 GW readily available. The company is actively pursuing growth opportunities that exceed 3 GW of low-cost power, aiming for a target of 75 EH/s by the close of 2025. As the leading public Bitcoin miner, this ambitious goal is aimed at both rapid expansion and a commitment to affordable electricity through efficient capital use.
Despite achieving a record high in May, the production for June was notably lower, with 211 blocks mined. This decrease was mainly attributed to reduced operational time due to weather challenges and the temporary use of older machinery in Garden City.
Mara expressed excitement over nearing the milestone of 50,000 Bitcoin, showcasing the robustness of its strategy and operations. According to management, this achievement underscores a disciplined approach to Bitcoin accumulation through mining and strategic purchases, while also focusing on long-term shareholder value.
Operational Highlights
| Month-over-Month Comparison | ||||||||||||
| Metric | 6/30/2025 | 5/31/2025 | % Change | |||||||||
| Blocks Won | 211 | 282 | (25 | )% | ||||||||
| BTC Generated | 713 | 950 | (25 | %) | ||||||||
| Average BTC Generated Per Day | 23.8 | 30.7 | (23 | %) | ||||||||
| Minor Rewards Share | 5.4 | % | 6.5 | % | nm | |||||||
| Transaction Fees (% of Total) | 1.4 | % | 1.5 | % | nm | |||||||
| Energetic Hashrate (EH/s) | 57.4 | 58.3 | (2 | %) | ||||||||
- Metrics provided are specific to Marapool and do not account for blocks from joint ventures.
- Defined as the total of block rewards including transaction fees earned by MARA during the specified period.
As of June 30, 2025, Mara holds a total of 49,940 BTC, deciding against selling any in June.
*This total includes 15,534 Bitcoins loaned or held in separate accounts for the company’s benefit.
Investor Notice
Investing in our securities involves significant risks. It’s crucial to consider the associated uncertainties and forward-looking statements in the latest Annual Report on Form 10-K and other periodic filings with the Securities and Exchange Commission (SEC). Changes in market conditions may affect business performance and, consequently, the value of our securities.
Forward-looking Statements
This release contains forward-looking statements as defined by federal laws. These include expectations regarding the completion of growth strategies, financial frameworks, and operational forecasts. While management is optimistic about these potential outcomes, actual results can vary significantly due to many factors.
About Mara
Mara (NASDAQ: MARA) is focused on leveraging digital energy technology to enhance global energy systems. By transforming excess energy into digital capital, Mara aims to balance the grid and accelerate the development of vital infrastructure.
