Bitcoin mining company MARA has lent out 16% of its Bitcoin reserves, totaling 7,377 BTC, as part of its strategy to generate income. The company aims to offset operational costs through these short-term loans, successfully earning $3.9 million in interest income for Q3 2024.
In addition, MARA mined 9,457 BTC and purchased 22,065 BTC at an average price of $87,205 during 2024, thereby significantly expanding its overall Bitcoin reserves. This move not only enhances its financial position but also increases its hashrate capacity, reinforcing its standing in the Bitcoin mining sector.
The company's proactive measures demonstrate strategic financial planning, ensuring sustainability in the volatile crypto market.
