#Bitcoin Mining Companies Profit from Lending#

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Bitcoin mining company MARA Holdings recently announced it will use 16% of its Bitcoin reserves (approximately 7,377 coins, worth nearly $730 million) for short-term third-party loans to generate "modest single-digit returns." This move has sparked investor concerns about industry risks, but MARA said the plan is designed to cover operating costs and emphasized that the loans are to established third parties and have a short duration. MARA also stated that its hashrate exceeded its December target of 50 EH/s, and its total holdings have increased to 44,893 Bitcoin.

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Bitcoin mining company MARA Holdings recently announced that it has used 16% of its Bitcoin holdings (7,377 coins worth nearly $730 million) for short-term third-party loans to generate "modest single-digit returns." This move has sparked investor concerns about risk and return. MARA stated that the plan aims to cover operating costs and has been active throughout 2024, focusing on short-term arrangements with established third parties. The company currently holds 44,893 Bitcoin, with a total value exceeding $4.4 billion, a portion of which is being lent out. While MARA claims the lending program has generated returns, the identity of the borrowers has not been disclosed, further fueling concerns about risk. Additionally, MARA completed its 50 EH/s hashrate target in December and increased its hashrate by 15% to 53.2 EH/s.

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Bitcoin mining companies can earn modest single-digit returns on loans, but the identity of borrowers is not disclosed.

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The lending program is designed to cover operating costs, but it has raised concerns about industry risks.

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MARA Holdings has lent out 16% of its Bitcoin reserves, worth nearly $730 million, or about 7,377 coins.

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MARA Holdings' hashrate has surpassed its December target of 50 EH/s, with total holdings increasing to 44,893 Bitcoin.

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