MARA’s July Bitcoin production slips 1% as energized hashrate rises

MARA produced 703 BTC in July 2025, down 1% month-over-month, mining 207 blocks (–2%) even as energized hashrate climbed 3% to 58.9 EH/s, according to MARA’s monthly mining update.

CEO Fred Thiel attributed the dip in blocks won to a 9% jump in mining difficulty as global hashrate rebounded from seasonal curtailment. He highlighted that energized hashrate grew by 3% and that MARA’s bitcoin treasury surpassed 50,000 BTC, ending the month with 50,639 BTC on its balance sheet.

Thiel noted that while Ohio sites Wolf Hollow and Kearney experienced higher than expected curtailment, operational efficiency improved through boosted productivity and streamlined supply-chain processes. He also confirmed plans to energize the data center at the company’s Texas wind farm in the second half of the year.

With over $5 billion in liquid assets and nearly $1 billion raised since June 30, MARA has the flexibility to fund continued domestic growth and pursue international expansion. Thiel emphasized the firm’s disciplined asset-management strategy, treating bitcoin as a productive, risk-managed asset rather than a passive treasury holding.

Read More: Rosenblatt reiterates Buy rating on MARA, sees 20% upside