MARA Lent Over 7,000 BTC Last Year

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MARA, formerly known as Marathon Digital, lent out 7,377 Bitcoin to third parties in 2024, according to a January 3 announcement from the Bitcoin mining company.

Robert Samuels, MARA’s vice president of investor relations, provided additional details about the company’s Bitcoin lending activity but did not specify exact figures.

Samuels explained that the company’s lending program “focuses on short-term arrangements with well-established third parties, generates a modest single-digit yield, and has been active throughout 2024.”

He added that the primary goal of the program is to generate income to help offset the operational costs of mining.

Mining remains an energy-intensive business with challenging economics, particularly due to the Bitcoin halving event that reduces block rewards every four years. The most recent halving took place in April 2024, cutting the block reward to 3.125 BTC per block mined.