MARA Moves 1,000 BTC to Exchanges

MARA Holdings transferred 1,000 Bitcoin valued at $82.8 million to Binance and Gate exchanges over five days.

“We found room for more orange”

MARA Holdings Down 3,444 BTC

MARA’s Bitcoin holdings dropped from 49,951 to 35,577 BTC since August 6, with no updated figures since the earnings call.

Michael Saylor Hints at Buy

Michael Saylor, executive chairman of Strategy Inc., tweeted he found room for more Bitcoin purchases.

“We found room for more orange”

Strategy Inc. Holds 848,250 BTC

Strategy Inc. holds 848,250 Bitcoin and last bought 250 BTC, though it has not made a new announcement.

MARA Mining Revenue Falls

MARA’s mining revenue dropped to $174.9 million in Q2, down from $238.5 million the previous year.

MARA’s Hashrate Rises

MARA’s hashrate increased to 70.3 exahashes per second, but energy costs rose to $38,690 per Bitcoin.

MARA’s Cash Reserves

MARA ended Q2 with $421.3 million in cash and a $343 million mark-to-market loss from Bitcoin valuation.

MARA Acquires Power Plant

MARA secured a $1.5 billion deal to acquire Long Ridge Energy, a gas-fired power plant, including $900 million debt.

MARA’s AI Expansion Plans

MARA plans to convert a 2 GW site in Matagorda County, Texas for AI and high-performance computing through a joint venture with Starwood.

MARA’s Bitcoin Loans

MARA lent 4,742 BTC to generate $4.3 million in interest during Q2.

MARA’s Credit Facilities

MARA borrowed $600 million using Bitcoin-backed credit facilities with Coinbase and Two Prime at 7.6% interest.

MARA’s Next Move

MARA’s next update will show if Bitcoin holdings dropped below 35,577 BTC or if it sold coins.