Marathon Digital Holdings announced Bitcoin production and mining metrics for December 2024, demonstrating continued operational progress.

Marathon Digital Holdings I mentioned 15% increase in active hash rate to 53.2 exahashes per second, exceeding the year-end target of 50 hashes per second. However, Bitcoin (Bitcoin) production fell slightly, down 2% from November to 890 BTC, which Mara This is due to “luck” differences in mining, according to CEO Fred Thiel.

The hash rate is an important measure of a miner's computational power and is essential for securing the Bitcoin network and validating transactions. MARA's increasing hash rate reflects the expansion of its operations, positioning the company as a more competitive player in the mining sector.

Bitcoin mining companies like Marathon, analysts at HC Wainwright predicted in a note dated January 2 He will excel Its competitors in 2025.

Total annual statistics

For 2024, MARA has mined 9,457 BTC and purchased an additional 22,065 BTC at an average price of $87,205 per coin. This brings the company's total Bitcoin holdings to 44,893 Bitcoin.

As of the end of the year, this stock is worth $4.2 billion, based on Bitcoin's spot price of $93,354. In addition, MARA lent 7,377 Bitcoins to third parties, generating additional income.

MARA operates a hybrid model of mining and purchasing Bitcoin. Mining involves solving complex mathematical puzzles to earn Bitcoin directly, while purchasing Bitcoin during low prices allows the company to optimize acquisition costs and maintain operational flexibility.

CEO Fred Thiel emphasized MARA's efficiency improvements, noting the company's ability to produce Bitcoin at a cost below the spot market price.

The company also highlighted the growth of its MARAPool, which saw a 168% increase in hash rate in 2024, significantly outpacing the Bitcoin network's overall growth of 49%.