Quick Takeaways
- MARA Adds 373 BTC to its stack in September, growing its total to 52,850 BTC, now worth around $6.4 billion.
- It mined 736 BTC last month, a slight increase from August.
- While competitors gain ground, MARA stays strong with steady production and long-term vision.
MARA Adds 373 BTC as It Keeps Stacking Sats
Bitcoin mining giant Marathon Digital Holdings (MARA) had another productive month. In its September update, the company revealed it had added 373 BTC to its Bitcoin treasury, bringing its total stash to 52,850 BTC, worth roughly $6.4 billion at current prices.
This addition keeps MARA firmly in second place among public companies holding Bitcoin, right behind MicroStrategy, which continues to dominate with over 640,000 BTC.
But while Saylor & Co. buy Bitcoin outright, MARA is earning theirs the hard way, by mining it.
And in September, that mining engine was humming.
MARA Adds 373 BTC, And Mining Output Rises Too
Last month, MARA mined 736 BTC, a 4.4% increase over August. After accounting for operating expenses and other costs, it retained 373 of those coins, all added to its growing treasury.
Even more impressive? MARA’s mining operation won 218 blocks, which is no small feat, especially considering that the global hashrate (a measure of total competition) jumped 9% during the same period. In short: mining is getting harder, but MARA’s still winning.
Their energized hashrate (basically, their computing power) also ticked up slightly to 60.4 EH/s, thanks to the full deployment of mining containers at its Texas wind-powered site.
Not many miners can claim such clean energy scaling, and that gives MARA a long-term advantage, especially as sustainability becomes a hotter topic in crypto.
Staying Strong While Competitors Surge
Now, while MARA is doing well, it’s not without competition. IREN (formerly Iris Energy) and Riot Platforms have recently jumped ahead in terms of market cap.
As of now, IREN sits at around $12.8 billion, while MARA has slipped to third, with a valuation just under $7 billion.
But here’s the thing: MARA’s strategy is steady and focused. Instead of chasing short-term hype, it’s building a long-term operation that can weather the ups and downs of the crypto market.
That includes efficient mining, a massive Bitcoin reserve, and a growing foothold in energy-smart infrastructure.
Meanwhile, Bitcoin itself ended September strong, up 5.4% for the month and now trading around $120,000, just shy of its mid-August all-time high.
That’s good news for all miners, but especially for companies like MARA, whose balance sheet is stacked with BTC.
