Bitcoin Mining Company Lends 7,377 BTC To Other Parties

JAKARTA - Bitcoin mining company Marathon Digital Holdings (MARA), recently revealed that it has taken advantage of some of their Bitcoin (BTC) reserves to gain additional profits.

MARA allocated 16% of its total BTC reserves, equivalent to 7,377 BTC or around Rp11.9 trillion, in the form of short-term loans to third parties. The move aims to produce moderate results in single-digit yield form, although the identity of the borrower is not disclosed.

In a production report in December 2024, MARA also announced that it had exceeded the hash rate target of 50 EH/s set this year. With peak achievement reaching 53.2 EH/s, the company managed to strengthen their position in the Bitcoin mining market.

However, despite the increase in the hash rate, their BTC production recorded a 2% decline compared to November, which was caused by a slightly reduced lucky factor.

MARA also recorded purchases of 22,065 BTC at an average price of 87,205 US dollars (Rp1.4 billion) per BTC throughout 2024, coupled with mining results of 9,457 BTC, bringing their total reserves to 44,893 BTC. With current market prices, the total reserves of BTC MARA are estimated to be worth more than IDR 71 trillion.

Robert Samuels, Vice President of Investorship MARA, explained that this loan program focuses on short-term arrangements with established third parties. Although the results are limited to moderate yields, this program provides flexibility for companies to continue to increase long-term value for shareholders.

CEO of MARA, Fred Thiel, emphasized that the hybrid approach of mechanism combining BTC mining and purchases provides them with profits. This is claimed to make MARA the leading Bitcoin mining company in the global crypto sector.