MARA Holdings, a leading digital asset compute and bitcoin mining company, witnessed a surge of 5.08% in its stock price during intraday trading on Tuesday. This notable gain was driven by the company's positive bitcoin production and mining operation updates for February 2025.
According to the reports, MARA Holdings' bitcoin production per day increased by 4% compared to January, despite a 6% decrease in the overall number of blocks won. This improvement can be attributed to the company's slightly higher energized hashrate during the month.
Fred Thiel, MARA Holdings' chairman and CEO, expressed optimism about the company's future plans, stating, "We are close to finishing construction of a 40-megawatt data center in Ohio where we plan to install over ten thousand S21 Pro immersion miners." This expansion is expected to further enhance the company's mining capabilities and contribute to its growth trajectory.
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