Reported Earlier: MARA Produces 736 BTC And Wins 218 Blocks In September; Increased Holdings To 52,850 BTC

Author: Benzinga Newsdesk | October 03, 2025 10:59am

218 Blocks Won in September, 5% Increase M/M

736 BTC Produced in September, 4% Increase M/M

Increased BTC Holdings* to 52,850 BTC

Miami, FL, Oct. 03, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a leading digital energy and infrastructure company, today published unaudited bitcoin ("bitcoin" or "BTC") production updates for September 2025.

Management Commentary

"In September, we produced 218 blocks, a 5% increase over August, demonstrating the continued strength and resilience of our operations even as global hashrate grew 9% month-over-month to an average of 1,031 EH/s," said Fred Thiel, MARA's chairman and CEO. "This growth in production underscores our ability to execute consistently, even as mining becomes more difficult.

"Energized hashrate increased 1% month-over-month. At our Texas wind farm, all containers and miners are now fully deployed and connected, keeping us on track to achieve full operational status in the fourth quarter. Since assuming full control of our site in Hannibal, Ohio, which is now running at 100% capacity with 86 MW online and an additional 14 MW targeted by year-end, we have increased uptime at the site to 99%. Fleet uptime was 99% overall, aside from temporary weather-related downtime at Garden City."

Operational Highlights and Updates

Figure 1: Operational Highlights

Prior Month Comparison
Metric	9/30/2025		8/31/2025		% Δ
Number of Blocks Won 1	218	208	5	%
BTC Produced	736	705	4	%
Average BTC Produced per Day	24.5	22.7	8	%
Share of available miner rewards 2	5.2	%	4.9	%	NM
Transaction Fees as % of Total 1	0.9	%	0.8	%	NM
Energized Hashrate (EH/s) 1	60.4	59.4	2	%

1. These metrics are MARAPool only and do not include blocks won from joint ventures.
2. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.

NM - Not Meaningful

As of September 30, 2025, the Company held a total of 52,850 BTC*. During the month, the Company's digital asset management activities resulted in a net sale of BTC.

*Includes bitcoin that is loaned, actively managed or pledged as collateral

Posted In: MARA