MARA Holdings Lends 7,377 BTC in High-Stakes Yield Strategy
MARA Holdings, a leading bitcoin mining company, has loaned 7,377 BTC—valued at over $722 million—to third parties in a short-term program aimed at generating modest single-digit yields to offset operating expenses.
The company’s total hashrate has risen 15% to 53.2 EH/s, and its bitcoin reserves now stand at 44,893 BTC. While the lending program has drawn significant interest, some observers have voiced concerns, citing past mining company bankruptcies and potential risks in lending arrangements. MARA emphasizes its focus on well-established counterparties and short-term agreements to mitigate these concerns.
Clever Robot News Desk 6th January 2025
