In December 2024, MARA Holdings surpassed its hash rate target after reporting a solid month of Bitcoin production, marking a significant milestone in its mining operations. The company posted an impressive 168% growth in its annual hash rate. In December, MARA achieved a record-breaking 53.2 exahashes per second (EH/s), surpassing its 50 EH/s target.

Record Hash Rate Milestone

According to the company, this achievement represents a 15% improvement from the previous month, boosted by increased investment in mining equipment. Despite this increase in hash rate, Bitcoin production experienced a 2% decline, totaling 890 BTC for the month. Despite the decrease, the company's overall performance remained strong.

MARA's hybrid approach, combining Bitcoin mining and strategic purchases, reportedly improved the firm's performance. In 2024, the company acquired 22,065 BTC at an average price of $87,205 per coin, alongside the 9,457 BTC it mined.

By the end of the year, MARA's total Bitcoin holdings had grown to 44,893 BTC, valued at approximately $4.2 billion at the current spot price of $93,354 per BTC. Notably, the company had also loaned out 7,377 BTC to third parties, generating additional returns for its stakeholders.