Monthly Bitcoin Production Update: July 2025
Miami, FL, August 4, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a leader in digital energy and infrastructure, has released its unaudited bitcoin (“bitcoin” or “BTC”) production figures for July 2025.
Performance Overview
In July, MARA recorded a total of 207 blocks won, which represents a 2% decrease month-over-month. The company produced 703 Bitcoin, showing a modest decline of 1% compared to the previous month. However, MARA’s bitcoin holdings have significantly increased, exceeding 50,639 BTC, which positions the company as the second-largest publicly traded holder of bitcoin in the world.
Management Insights
Fred Thiel, MARA’s Chairman and CEO, commented:
“In July, our production saw a 2% month-over-month decrease in blocks won as global hashrate rebounded following seasonal curtailment, and mining difficulty was 9% higher than at the end of June. Our bitcoin holdings surpassed 50,000 BTC in July, a milestone that solidifies MARA as the second-largest publicly traded holder of bitcoin globally. This achievement reflects our disciplined infrastructure development, scaled operations, and focused execution.”
“We increased our energized hashrate by 3% over the previous month, and we are preparing to begin energizing the data center at our Texas wind farm in the second half of the year. Although we experienced higher than expected curtailment at our Ohio sites, our teams improved operational efficiency at Wolf Hollow and Kearney by boosting productivity and streamlining the supply chain.”
“Looking ahead, our thought leadership, global operational scale, and capital efficiency set us apart. As of June 30, 2025, we held over $5 billion in liquid assets, and with nearly $1 billion raised since, we have the flexibility to fund domestic growth and pursue international expansion. Unlike passive treasury companies, we actively manage our bitcoin as a productive and risk-managed asset. Through a disciplined asset management strategy, our holdings strengthen the balance sheet and help fund operations, ultimately enhancing long-term shareholder value. We don’t just hold bitcoin; we put it to work.”
Operational Highlights
Key Metrics at a Glance
| Metrics | 7/31/2025 | 6/30/2025 | % Change |
| Number of Blocks Won | 207 | 211 | (2%) |
| BTC Produced | 703 | 713 | (1%) |
| Average BTC Produced per Day | 22.7 | 23.8 | (4%) |
| Share of Available Miner Rewards | 4.9% | 5.4% | NM |
| Transaction Fees as % of Total | 1.1% | 1.4% | NM |
| Energized Hashrate (EH/s) | 58.9 | 57.4 | 3% |
- Metrics above are specific to 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.
Note: NM – Not Meaningful. As of July 31, 2025, the Company holds a total of 50,639 BTC, which includes bitcoin that is loaned, actively managed, or pledged as collateral.
Investment Considerations
Investing in MARA securities carries significant risks. Prospective investors should carefully consider various risks, uncertainties, and forward-looking statements as detailed in the “Risk Factors” section of our most recent annual report on Form 10-K and any other periodic reports filed with the U.S. Securities and Exchange Commission (SEC). These risks include the potential for the value of securities to decline, resulting in potential loss of investment.
Disclaimer
The operational updates presented here pertain solely to our bitcoin mining operations. Detailed information regarding MARA’s other operations can be found in our SEC periodic reports.
Forward-Looking Statements
This release contains forward-looking statements per federal securities laws. Such statements include projections regarding future operational plans, including energizing the data center at our Texas wind farm, and international growth opportunities. These statements involve risks that could cause actual results to differ materially. Readers are advised not to place undue reliance on forward-looking statements, which are subject to change.
About MARA
MARA (NASDAQ: MARA) is at the forefront of deploying digital energy technologies to revolutionize global energy systems. By converting excess energy into digital capital, MARA is not only balancing the grid but is also speeding up the development of essential infrastructure. With its expertise in reducing the energy demands of high-performance computing applications, MARA is redefining the future of digital energy.
For more information, please visit www.mara.com.
Contact MARA
MARA Company Contact:
Telephone: 800-804-1690
Email: ir@mara.com
MARA Media Contact:
Email: marathon@wachsman.com
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