Bitcoin (BTC) Miner MARA Holdings (MARA) Lends 7,377 BTC to Third Parties to Generate Yield and Cover Operating Costs

MARA Holdings (MARA), the largest bitcoin (BTC) miner by market capitalization, said it is lending 7,377 BTC to third parties to generate a return on its holdings and cover some operating costs.

Bitcoin miner MARA Holdings (MARA) has disclosed that it is lending out a portion of its BTC holdings to generate a return on its assets and cover some operating costs.

According to a production report released by MARA on Friday, the company did not name the borrowers or provide further details about the program, which currently utilizes approximately 16% of its bitcoin. However, Robert Samuels, the company's vice president of investor relations, stated in a post on X that the company is earning a yield of less than 10%.

"There continues to be strong interest in MARA's bitcoin lending program, which prioritizes short-term arrangements with highly reputable third parties," Samuels wrote. "It generates a small single-digit yield and has been operational throughout 2024. The long-term goal is to generate sufficient yield to cover operating expenses."

The company's production report also indicates that it mined 890 bitcoin last month, which is a 2% decrease compared to November's output. Despite this, it marks the second-highest number of BTC mined by the company since April's halving event.

"We also mined 249 blocks, the second-most blocks in a month ever," Chairman and CEO Fred Thiel said in the report. "MARApool attained a remarkable 168% annualized growth in hash rate for 2024, outpacing bitcoin's network growth rate of 49%."

Throughout 2024, MARA acquired 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC, bringing its total bitcoin holdings to 44,893 BTC. Notably, bitcoin's price is currently hovering just below $100,000. Among publicly traded companies, MARA holds the second-largest amount of bitcoin, surpassed only by MicroStrategy (MSTR).

In pre-market trading, MARA shares experienced a 2.60% increase and have risen by 14% so far in 2025.