TL;DR
- MARA closed September with 373 net BTC and a total balance of 52,850 BTC valued at $6.4B, holding its place as the second-largest corporate holder.
- The miner produced 736 BTC worth $88.6 million, up 4% from August.
- Its capacity reached 60.4 EH/s with 99% uptime; farms in Texas and Ohio are running at full capacity, with 14 MW expansion planned before year-end.
MARA ended September with steady production growth and a stronger bitcoin treasury. According to its monthly report, the company added 373 net BTC, bringing its total balance to 52,850 BTC valued at about $6.4 billion. These reserves keep it as the world’s second-largest corporate BTC holder, behind only Strategy, which holds over 640,000 BTC.
MARA generated 736 BTC during the month, equivalent to $88.6 million, a 4% increase from August, and mined about 218 blocks, representing 5% of total rewards distributed to miners, including fees.
MARA Plans to Boost Its Mining Power
The company averaged 24.5 BTC per day, up 8% from the previous month. Its mining capacity reached 60.4 EH/s. All wind-powered containers in Texas are now fully operational, and its Hannibal, Ohio facility is running at 100%, with 86 MW of power and plans to add another 14 MW before year-end. The company reported 99% overall uptime, with only minor weather-related disruptions.
Fred Thiel, MARA’s CEO, highlighted that the results confirm the strength of the company’s operations despite the rising difficulty of Bitcoin mining. The global hashrate grew 9% in September, surpassing the threshold of one zetahash per second for the first time, making the network considerably more demanding in both computing and energy terms.
The market also added momentum at the end of the month. Bitcoin closed at $120,373, up 5.4% from August and 10% higher in the last week, pushing it back above $120,000 and closer to the $125,000 level reached in mid-August.
Shares On The Rise
MARA remains the largest holder among public miners, though it lost the top spot in market capitalization to IREN and Riot Platforms. Its current market value is around $7 billion, compared to IREN’s $12.8 billion and Riot’s $7.1 billion. MARA’s stock rose 20% in September and is up 7.6% year-to-date.
Other miners also strengthened their balances. Cango reported producing 616.6 BTC in September with a hashrate of 50 EH/s. Its treasury reached 5,810 BTC, ranking it 18th among public holders. Its CEO stated that the company is moving forward with plans to expand into high-performance computing (HPC) to diversify revenue streams and create long-term value
