MARA Holdings (NASDAQ: MARA), the big kahuna in digital asset mining, recently dropped some juicy updates about their Bitcoin mining ops for January 2025. 🍿 According to a press release, the company’s block production took a nosedive last month. They blamed the increased network difficulty and those ever-so-irritating slowdowns.
Despite the hiccups, MARA is all in on improving long-term efficiency. They’re planning some crafty upgrades to stay head and shoulders above the cutthroat Bitcoin mining crowd.
MARA Sees 12% Drop in Bitcoin Production 😱
In January, MARA’s blocks won took a 12% swan dive compared to December. Coinspeaker dished the dirt that our miner pals managed to chisel out 249 BTC blocks in December 2024. By year’s end, they’d raked in a cool total of 44,893 BTC.
Fred Thiel, MARA’s head honcho, explained this misadventure as a result of network difficulty shenanigans and some intermittent curtailments. Last year ended with a bang as over 100,000 miners made the move and plugged back in. 🚚💨
The company’s hashrate was as steady as a rock in January, no new miners in sight. Meanwhile, other big players like Riot Platforms (NASDAQ: RIOT) were going full throttle, cranking up their mining volumes. 🧨
Riot, as the grapevine suggests (read: Coinspeaker), seemingly cracked the energy optimization code, leaving MARA in the dust. It’s network changes, baby. 🤷♂️
Not one to be outdone (hopefully), MARA’s fixing its sights on revitalizing its mining game. In January, they turned over 230 containers into space-age immersion cooling tech at Wolf Hollow, Texas. 🚀
This little tech marvel supposedly boosts uptime and keeps their S21 Pro immersion miners dancing merrily. This, folks, is the golden fleece—upping their hashrate without guzzling more juice. Drink in the success, MARA! 🍷
And there’s more! MARA is on the brink of fully transforming the Kearney site in Nebraska into an S21 Pro wonderland. Expect significant efficiency spikes once this mission is accomplished. 🏅
Expansion Plans and Sustainable Mining Goals 🌱
MARA’s got a roadmap for 2025 that includes expanding its mining empire while being wallet-friendly and eco-warrior. This’ll surely cement their spot at the Bitcoin mining top table. 🥳
Optimization and nifty tech implementation are their game, with success as their aim. Meanwhile, comrades like Riot and CleanSpark are also increasing their mining footprint with some technology pizzazz and energy-efficient practices. Their varied approaches to energy and fleet management have yielded interesting BTC production outcomes. 🤔
Stay tuned, ladies and gents, as MARA will spill more beans about their financial shenanigans and future schemes during the grand earnings call at the month’s end. Fair warning: their securities come with high risks, so look before you leap. 😉
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2025-02-03 20:48