Overview

• Holdings rose to 52,477 BTC as of Aug. 31 after the company produced 705 BTC in the month.
• The miner reported no sales in August and described purchases as strategic during the pullback, according to CEO Fred Thiel.
• Energized hashrate increased 1% to 59.4 EH/s, with 208 blocks mined for about 4.9% of network rewards as competition intensified.
• MARA said its Texas wind project remains on track for fourth-quarter completion and it signed to acquire a 64% stake in Exaion with an option to reach 75% by 2027.
• Shares fell about 5% after the update, and August output exceeded rivals including Riot Platforms and CleanSpark.