Marathon Digital (MARA) Now 2nd-Largest Public Bitcoin Holder
Marathon Digital Holdings Ranks High in Bitcoin Holdings
Marathon Digital Holdings, Inc. (MARA) has significantly increased its Bitcoin holdings, now reporting a treasury valued at nearly $6 billion, totaling 52,477 BTC. According to a recent press release, this places MARA second only to Michael Saylor's Strategy Corp. among publicly traded companies.
Mining Output and Strategic Accumulation
In August, MARA produced just over 700 BTC, maintaining an average production rate of 22.7 BTC per day. Despite a 5% dip in Bitcoin's price during the month—peaking near $124,400 before declining to $107,000—the company strategically increased its treasury instead of selling.
CEO Fred Thiel stated, "Given the decline in Bitcoin price during the month, we took the opportunity to add to our treasury and currently hold over 52,000 BTC."
Hashrate and Operational Expansion
MARA's energized hashrate has climbed to 59.4 EH/s. The company reports that all miners at its Texas wind farm have been installed and connected, with full operational capacity expected by Q4 2025.
Production also saw gains, with block wins increasing by 27% in July following recovery efforts at the Ellendale site. This boosted monthly output from 591 BTC in June to 692 BTC in July, and subsequently 705 BTC in August.
Leading Public Bitcoin Holders:
- Strategy Corp: ~636,505 BTC
- Marathon Digital: 52,477 BTC
- Twenty One: 43,514 BTC
- Bitcoin Standard Treasury Company: 30,020 BTC
- Bullish: 24,000 BTC
Expanding Beyond Mining: AI and European Markets
MARA is diversifying its operations, announcing plans to acquire a 64% stake in Exaion, a subsidiary of French energy company EDF, with options to increase ownership to one-third by 2027.
The goal is to combine MARA’s infrastructure with AI-driven solutions to reduce costs and cater to Europe's growing AI demands. This strategic move positions MARA not only as a major Bitcoin holder but also as a player in the expanding AI landscape.