Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Mara (formerly Marathon Digital) reports their Bitcoin The shares increased to 49,940 BTC, which brought the miner’s digital assets to the edge of the main corporate milestone and strengthened the wider market trend of miners who retained their assets produced.
Mara’s Holdings will build it as the second largest public holder of bitcoins, with the Ministry of Finance worth more than $ 5.4 billion based on recent market prizes. In this way, the company is only for the strategy (formerly Microstrategy) in terms of publicly published corporate bitcoin reserves and demonstrates a defined accumulation strategy.
Bitcoin cash registers (source: Bitcointreasuries.net) Movement is a symbol of a wider change of behavior across mining sector. Bitcoin miners, once considered a source of permanent sales pressure, are now acting as a strategic long -term holder.
The data shows that this shift affects the market offer, while the stock balances reach the minimum minimum. Bitcoin reduction available for immediate trade is often associated with long -term holding strategies. This trend of miners that maintain assets could limit the available offer because the demand for tools like Spot ETF continues.
In a recent announcement, the Chairman and CEO of Mary, Fred Thiel, commented on the company’s operational focus.
“We remain a laser focused on the transformation of Mary into vertically integrated digital energy and infrastructure,” said Thiel, per per Nasdaq.
He worked that this model should ensure stricter operational control and improve cost efficiency. In the update of June 3, Thiel noted record production in May, where the company produced 950 BTC, mostly since April 2024 in half.
This strategy is tested by new economic pressures, including direct competition for energy from the artificial intelligence industry. In an interview with Bloomberg, Thiel recognized This challenge: ”AI guys can afford to pay a much higher amount for energy … Bitcoin miners are forced. ”
This energy source competition could transform the economy of mining and potentially prefer large, vertically integrated operators with safe and cheap energy contracts.
The financial consequences of the Bitcoin-Heavy Bitcoin-Heavy balance sheet will be the central point of interest to investors during the upcoming earnings report in the second quarter, which will be published in August.
Analysts currently have a consensus at a share of $ -0.41 for quarter.
