“Company Holds 52,477 BTC, Advances Texas Wind Farm and Europe Growth While Shares Face Year-To-Date Decline.”, – WRITE: www.coindesk.com
The Company MINED 208 BLOKS, 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 Any Btc in August, with Management Noting that the Price Decline Provides and Opportunity to Grow Reserves.
The Largest Cryptocurrency Fell More Than 6% in August, The Worst Performance Since February.
“Given the Decline in Bitcoin Price Durying the month, we took the opportunity to strategally add to our treasury and currently Hold Over 52,000 BTC,“ SAID CEO FRED Thiel.
Mara Remains on Track to Complete It Texas Wind Farm Buildout by the Fourth Quarter, with All Mines on-Site and Connected. Internationally, The Company Sigrated An Agreement to Buy A 64% Stake in Exaion, A Subsidiary of Edf, with The Option to Increase to 75% by 2027. Solutions.
Mara also opened ITSE European Headquarters in Paris, Reinforcing Its Focus on Sustainability, Grid Partnerships and the Repurposing of Used Energy.
Mara Shares Fell 5% On Thursday and Are Down 14% Year to Date.
“A $ 100k+ Floor Makes Bitcoin Feel Less Like A High-Beta Trade and More Like A Global Reserve Asset in the Making,” One Oberver Said.
- Bitcoin Steadied Near $ 111.600, Showing Resiliency Despite Global Market Jitters Affecting Other Risk Assets.
- US Labor Data and Fed Rate Cut Expectations Are Influencing Market Dynamics, With Traders Anticipating Limited Rate Reducitions.
- Bitcoin’s Dominance Remains Strong at 60% of the Crypto Market, Providing Stability Amid Volatility in Altcoins.
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