MARA Holdings reported a 2% decrease in blocks won and 1% decrease in BTC produced in July 2025, increasing holdings to 50,639 BTC.
Quiver AI Summary
MARA Holdings, Inc. announced its bitcoin production results for July 2025, reporting a 2% decrease in blocks won and a 1% decline in bitcoin produced compared to the previous month, with a total of 50,639 BTC now held. CEO Fred Thiel attributed the reduced production to a rebound in global hashrate and increased mining difficulty, but highlighted improvements in operational efficiency and a 3% boost in energized hashrate. The company is preparing to energize its Texas wind farm data center later this year and emphasized its strategic approach to bitcoin as a productive asset. MARA remains the second-largest publicly traded bitcoin holder, leveraging its holdings to enhance its balance sheet and support long-term growth, backed by over $5 billion in liquid assets and nearly $1 billion raised recently for expansion.
Potential Positives
- MARA achieved a significant milestone by surpassing 50,000 BTC held, making it the second-largest publicly traded holder of bitcoin globally.
- The company increased its energized hashrate by 3% over the previous month, indicating improved operational capacity and efficiency.
- MARA has over $5 billion in liquid assets, providing financial flexibility for domestic growth and international expansion.
- The management highlighted a disciplined asset management strategy, emphasizing that their bitcoin holdings are treated as productive, risk-managed assets that enhance long-term shareholder value.
Potential Negatives
- There was a 2% month-over-month decrease in blocks won and a 1% decrease in Bitcoin produced, indicating potential challenges in operational performance.
- The increase in mining difficulty by 9% may hinder future production capabilities and profitability.
- The reliance on curtailment strategies at Ohio sites could raise concerns about the efficiency and effectiveness of operations in that region.
FAQ
What were MARA's bitcoin production figures for July 2025?
MARA produced 703 BTC in July 2025, marking a 1% decrease from the previous month.
How many blocks did MARA win in July 2025?
MARA won 207 blocks in July 2025, which is a 2% decrease month-over-month.
What is MARA's current bitcoin holdings total?
MARA's bitcoin holdings increased to 50,639 BTC, solidifying its position as a major holder globally.
How did MARA's energized hashrate perform in July?
The energized hashrate rose by 3% in July 2025, reaching 58.9 EH/s.
What is MARA's strategy regarding bitcoin holdings?
MARA treats its bitcoin as a productive, risk-managed asset to enhance long-term shareholder value.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MARA Insider Trading Activity
$MARA insiders have traded $MARA stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $MARA stock by insiders over the last 6 months:
- FREDERICK G THIEL (Chief Executive Officer) has made 0 purchases and 5 sales selling 165,030 shares for an estimated $2,672,935.
- SALMAN HASSAN KHAN (Chief Financial Officer) has made 0 purchases and 5 sales selling 136,265 shares for an estimated $2,230,695.
- DOUGLAS K MELLINGER has made 0 purchases and 3 sales selling 5,000 shares for an estimated $81,420.
- ZABI NOWAID (General Counsel) sold 2,000 shares for an estimated $26,680
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MARA Hedge Fund Activity
We have seen 190 institutional investors add shares of $MARA stock to their portfolio, and 173 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 3,814,515 shares (+7.6%) to their portfolio in Q1 2025, for an estimated $43,866,922
- BANK OF AMERICA CORP /DE/ removed 3,328,520 shares (-83.1%) from their portfolio in Q1 2025, for an estimated $38,277,980
- JANE STREET GROUP, LLC removed 3,159,152 shares (-95.0%) from their portfolio in Q1 2025, for an estimated $36,330,248
- AMERICAN CENTURY COMPANIES INC added 2,250,082 shares (+55.7%) to their portfolio in Q1 2025, for an estimated $25,875,943
- CAPITAL WORLD INVESTORS added 2,081,921 shares (+inf%) to their portfolio in Q1 2025, for an estimated $23,942,091
- GOLDMAN SACHS GROUP INC added 1,923,675 shares (+58.7%) to their portfolio in Q1 2025, for an estimated $22,122,262
- UBS GROUP AG added 1,651,789 shares (+39.0%) to their portfolio in Q1 2025, for an estimated $18,995,573
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MARA Analyst Ratings
Wall Street analysts have issued reports on $MARA in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Macquarie issued a "Outperform" rating on 07/30/2025
- Rosenblatt issued a "Buy" rating on 07/30/2025
- JP Morgan issued a "Overweight" rating on 07/28/2025
- Cantor Fitzgerald issued a "Overweight" rating on 07/28/2025
- Piper Sandler issued a "Overweight" rating on 07/21/2025
- HC Wainwright & Co. issued a "Buy" rating on 04/24/2025
To track analyst ratings and price targets for $MARA, check out Quiver Quantitative's $MARA forecast page.
$MARA Price Targets
Multiple analysts have issued price targets for $MARA recently. We have seen 9 analysts offer price targets for $MARA in the last 6 months, with a median target of $22.0.
Here are some recent targets:
- Paul Golding from Macquarie set a target price of $26.0 on 07/30/2025
- Chris Brendler from Rosenblatt set a target price of $20.0 on 07/30/2025
- Brett Knoblauch from Cantor Fitzgerald set a target price of $39.0 on 07/28/2025
- Reginald Smith from JP Morgan set a target price of $22.0 on 07/28/2025
- Ed Engel from Compass Point set a target price of $18.0 on 07/25/2025
- Patrick Moley from Piper Sandler set a target price of $26.0 on 07/21/2025
- Ramsey El-Assal from Barclays set a target price of $16.0 on 05/12/2025
Full Release
207
Blocks Won in
July
,
2%
Decrease
M/M
703 Bitcoin Produced in July, 1% Decrease M/M
Increased
BTC Holdings* to
50,639
BTC
Miami, FL, Aug. 04, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA ) ("MARA" or the "Company") , a leading digital energy and infrastructure company, today published unaudited bitcoin ("bitcoin" or "BTC") production updates for July 2025.
Management Commentary
"In July, our production saw a 2% month-over-month decrease in blocks won as global hashrate rebounded following seasonal curtailment and mining difficulty was 9% higher than the end of June," said Fred Thiel, MARA's chairman and CEO. "Our bitcoin holdings surpassed 50,000 BTC in July, a milestone that solidifies MARA as the second-largest publicly traded holder of bitcoin globally. More importantly, this is a treasury we built through disciplined infrastructure development, scaled operations, and focused execution.
"We increased our energized hashrate by 3% over the previous month, and we are preparing to begin energizing the data center at our Texas wind farm in the second half of the year. Although we encountered higher than expected curtailment at our Ohio sites, our teams improved operational efficiency at Wolf Hollow and Kearney by boosting productivity and streamlining the supply chain.
"Looking ahead, what sets us apart is our thought leadership, worldwide operational scale, and capital and operational efficiency. As of June 30, 2025, we held over $5 billion in liquid assets, and with nearly $1 billion raised since, we have the flexibility to fund domestic growth and pursue international expansion. Unlike passive treasury companies, we treat our bitcoin as a productive, risk-managed asset. Through a disciplined asset management strategy, our holdings strengthen the balance sheet and help fund operations, which we believe will enhance long-term shareholder value. We don't just hold bitcoin, we put it to work.”
Operational Highlights and Updates
Figure 1: Operational Highlights
| Prior Month Comparison | |||||||||
| Metric | 7/31/2025 | 6/30/2025 | % Δ | ||||||
| Number of Blocks Won 1 | 207 | 211 | (2) % | ||||||
| BTC Produced | 703 | 713 | (1)% | ||||||
| Average BTC Produced per Day | 22.7 | 23.8 | (4)% | ||||||
| Share of available miner rewards 2 | 4.9 | % | 5.4 | % | NM | ||||
| Transaction Fees as % of Total 1 | 1.1 | % | 1.4 | % | NM | ||||
| Energized Hashrate (EH/s) 1 | 58.9 | 57.4 |
3
%
|
||||||
- These metrics are MARAPool only and do not include blocks won from joint ventures.
- Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.
NM - Not Meaningful
As of July 31, 2025, the Company held a total of 50,639 BTC*.
*Includes bitcoin that is loaned, actively managed or pledged as collateral
Investor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading "Risk Factors" in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the "SEC"). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Forward-Looking Statements" below.
The operational highlights and updates presented in this press release pertain solely to our BTC mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words "may," "will," "could," "anticipate," "expect," "intend," "believe," "continue," "target" and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to the energization of the data center at our Texas wind farm, our domestic and international growth plans and the anticipated benefits of our asset management strategy. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.
About MARA
MARA (NASDAQ: MARA) deploys digital energy technologies to advance the world's energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.
For more information, visit www.mara.com , or follow us on:
Twitter:
@MARA
LinkedIn:
www.linkedin.com/company/maraholdings
Facebook:
www.facebook.com/MARAHoldings
Instagram:
@maraholdingsinc
MARA Company Contact:
Telephone: 800-804-1690
Email:
[email protected]
MARA Media Contact:
Email:
[email protected]
