Record Bitcoin Production, $700M Convertible Notes Offering

MARA
Holdings, Inc. (NASDAQ: MARA), a
leading name in digital asset compute and blockchain technology and the biggest
Bitcoin miner from Wall Street, announced two significant updates on its
operations and financial strategy today (Monday).

These
developments underscore the company’s robust positioning in the cryptocurrency
and digital asset market, providing fresh insights for investors tracking MARA
stock and the broader market.

MARA Stock News: November
Bitcoin Mining Reaches Record Highs

MARA
Holdings revealed its November 2024 bitcoin production update, highlighting a
record-breaking performance in mining operations. The company achieved a 27%
month-over-month increase in blocks won, totaling 254, while bitcoin (BTC)
production rose by 26% to 907 BTC. This surge was driven by enhanced
operational efficiency and the deployment of additional mining rigs, increasing
MARA’s energized hash rate to 46.1 EH/s, a 15% improvement from October.

“November
was a record-breaking month for MARA, with our mining operations achieving
unprecedented levels of production. These results highlight the significant
strides we’ve made in scaling operations and optimizing performance,” Fred
Thiel, MARA’s chairman and CEO, noted.

“Our
BTC production grew 26% month-over-month to 907 BTC and energized hash rate
Hash Rate

A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain

A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain
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