Marathon Digital Holdings has lent 7,377 BTC, about 16% of its reserves, to third parties to generate yield. This strategic move was revealed in a production update. The lending program aims to cover operational expenses by generating a modest single-digit yield. The program has been operational throughout 2024, offering short-term loans to established parties.
As of December 31, MARA held 44,893 BTC, valued at approximately 4.4 billion USD. During 2024, MARA mined 9,457 BTC and purchased 22,065 BTC at an average price of 87,205 USD. MARA reported an interest income of 3.9 million USD in Q3 2024, primarily from BTC and cash loans, significantly boosting the company’s financial performance.