MARA Holdings' Bitcoin mining production decreased by 25% in June, producing 713 Bitcoins, down from 950 in May. The firm attributed this decline to adverse weather affecting its Texas operations and increased mining difficulties across the industry. CEO Fred Thiel noted that uptime was limited due to weather-related issues and the temporary use of older machines while repairs were made. The company's block winning also dropped by 25%, falling to 211 blocks from 282 in May. Despite these challenges, MARA plans to enhance its network capacity by 40%, aiming for 75 exahashes by year-end, which aligns with its growth strategy and commitment to efficient capital use. As of June 30, MARA held 49,940 Bitcoins valued at over $5 billion. The mining company remains focused on expanding its Bitcoin holdings, recently revealing a $2 billion stock offering to facilitate this goal. Overall, June's production metrics reflected ongoing challenges within the mining landscape but were offset by ambitious plans for future growth.

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