CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

MARA’s Bitcoin Output Drops 25% Amid Challenging Mining Conditions

*ougher Mining Climate Cuts MARA’s Bitcoin Production by a Quarter

July 2, 2025
in Coins, Mining, News
A A
Dalintis FacebookDalintisShare on Twitter
Marathon Digital Holdings (MARA) reported a 25% decline in Bitcoin production for June, citing adverse weather at its Texas facility and broader challenges across the mining sector. According to the company’s monthly update, MARA mined 713 BTC in June, 237 fewer than in May, and secured just 211 blocks, down from a record 282 the previous month.

As of June 30, the Florida-based miner held 49,940 BTC, valued at over $5 billion. The production slowdown was attributed to weather-related curtailments and the temporary use of older mining rigs in Garden City while storm damage was being addressed. “The decrease was primarily due to reduced uptime from weather-related curtailment and the temporary deployment of older machines… while storm-related damage was being remediated,” said CEO Fred Thiel. He also noted that “natural variability in block luck” played a role, a common factor when operating a proprietary mining pool.

Despite the dip, MARA remains focused on growth. The company plans to boost its network capacity by 40%, aiming to reach 75 exahashes by year-end. “This goal aligns with both our rapid expansion and commitment to low-cost power with efficient capital deployment,” Thiel added.

Exahashes measure the computational power and security of a mining network. Between April 30 and June 17, Bitcoin’s mining difficulty rose approximately 2.6% to 126.4 terahashes, according to CoinWarz.

MARA’s stock closed at $15.70 on Tuesday, up 0.1%, while Bitcoin was trading at $105,862, down 0.2% from the previous day.

June’s results reflect a broader cooling in MARA’s mining performance, despite a 38% increase in block production in May. Still, the company is doubling down on its Bitcoin accumulation strategy. In March, MARA announced a $2 billion stock offering to expand its BTC holdings.

Marathon is among a growing number of publicly traded firms aggressively acquiring Bitcoin, following in the footsteps of companies like Strategy (formerly MicroStrategy), which pivoted from software to crypto investment in 2020. According to bitcointreasuries.net, over 140 companies currently hold Bitcoin on their balance sheets.

Tags: BitcoinBTCCrypto exchangeCryptocurrencyMARAMining

Related

Bitcoin mining machines, a concerned executive, and a legal gavel symbolizing fraud allegations

Bitcoin mining firm Mawson removes CEO following fraud accusations

July 23, 2025

Leadership Turmoil at Mawson Infrastructure Amid Legal Battles Nasdaq-listed Bitcoin mining company Mawson Infrastructure Group Inc. has removed its Chief...

Solana Surges as 21Shares Shifts Focus from Ethereum

July 22, 2025

Solana (SOL) has made a notable move in the market, climbing above $190 for the first time in five months...

Digital Cuts: Netflix Trims Budget with AI-Driven Scene in “The Eternaut”

July 21, 2025

In a recent Q2 2025 earnings call, Netflix disclosed that it employed artificial intelligence to generate a visual sequence in...

Bitcoin Fees Plunge, Making Transfers Cheaper Than Ever

July 20, 2025

In a major shift for the world’s leading cryptocurrency, Bitcoin’s minimum transaction fees have plummeted by a staggering 90%. Users...

Arkham Report Reveals BlackRock’s Ethereum Purchases Outpace Bitcoin by 5x

July 19, 2025

Institutional interest in Ethereum is gaining serious momentum, with recent data pointing to a clear preference among investment giants for...

News

Coins

TikTok Refutes Claims Its Owners Bought ‘Trump Coin’

June 20, 2025
Blockchain

XRP Poised for Record High Following NYSE Arca’s Approval of UXRP ETF, Says Analyst

July 15, 2025
Coins

XRP Price Swings: Will Geopolitical Turmoil Trigger a Surge or Slump?

June 25, 2025
Coins

What are Memecoins? The Wild West of Crypto

June 29, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI AI Browser Altcoin Android Apple Binance Binance Coin Bitcoin blockchain BTC Chainlink ChatGPT Circle Coinbase Coindesk crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Google Halving Memecoin Meta Mining Mobile news OpenAI Pepecoin pi coin pi network RIOT Ripple Samsung SHIB Shiba Shibu Coin Solana Stablecoin technology TON XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.