Short News
  • Qadir AK
    author-profile

    Qadir AK right arrow

    Author

    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

    • author facebook
    • author twitter
    • linkedin

  • Less than a minute

MARA Lends 16% of Bitcoin Reserves, Boosts Hashrate

Bitcoin miner MARA has loaned 7,377 BTCโ€”16% of its 44,893 BTC reservesโ€”to generate modest single-digit yields. These short-term loans aim to offset operating expenses, earning the firm $3.9 million in interest income during Q3 2024. MARA mined 9,457 BTC and acquired 22,065 BTC in 2024 at an average price of $87,205, growing its reserves to $4.4 billion by year-end. The company reported a realized hashrate of 47 EH/s in December, slightly below its 53 EH/s energized capacity, showcasing its robust operational performance amid increasing interest in Bitcoin lending.

Show More
Back to top button