MARA sold 91% of Q2 Bitcoin production and added $600M Bitcoin-collateralized debt to fund Long Ridge acquisition
Detected & updated continuously · Source: Nebula
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@BitcoinKE
MARA Holdings sold 2,213 Bitcoin during the second quarter, equal to 91.37% of the 2,422 $BTC it mined, before adding $600 million of new borrowing secured by Bitcoin collateral to help finance its planned acquisition of Long Ridge, a power-generation site it aims to develop for https://t.co/wBWEc3RzEX
@egamers_io
#MARA dumped 91% of Q2, staked 18.75k BTC on AI bet 🚨 Sold production, collateral play 📊 Documented terms, hidden reasoning 🤔 Strategic or reckless? https://t.co/pqTy3EPXOG https://t.co/Q6cW7kdOrq
@BenX_HQ
MARA's $BTC holdings are down 29% year over year to 35,577 coins while its hashrate climbed 22%, so they're mining more and keeping less. The cash is going into 1.9 gigawatts across 19 data centers for AI, which quietly turns the biggest public miner into something other than a