MARA Mines 705 BTC in August as Treasury Holdings Top 52,000

MARA Holdings (MARA) reported that its bitcoin (BTC) holdings climbed to 52,477 BTC as of Aug. 31, after the crypto mining company produced 705 BTC during the month. The company mined 208 blocks, maintaining a 4.9% share of network rewards. Energized hashrate rose 1% month-over-month to 59.4 exahashes per second (EH/s). MARA opted not to sell any BTC in August, with management noting that the price decline provided an opportunity to grow reserves.The largest cryptocurrency fell more than 6% in August, the worst performance since February.“Given the decline in bitcoin price during the month, we took the opportunity to strategically add to our treasury and currently hold over 52,000 BTC,” said CEO Fred Thiel.MARA remains on track to complete its…