Crypto mining titan Mara Holdings boasts the second-largest Bitcoin hoard among all companies
Mara Holdings, a leading Bitcoin mining company based in the United States, has made significant strides in the crypto industry, positioning itself as a dominant actor setting trends and a second-largest corporate holder of Bitcoin globally.
The company's recent expansion of a 25-megawatt data center not only strengthens Bitcoin's operational resilience but also enhances Mara Holdings' gas-to-energy conversion capabilities. This innovative approach to powering its operations using low-cost electricity produced from the utilization of natural gas, previously wasted through burning, has helped reduce costs and make its operations more environmentally friendly.
In less than a year, Mara Holdings has doubled its Bitcoin holdings, amassing over 50,600 Bitcoin as of August 2025. This accumulation was achieved through disciplined infrastructure development, scaling operations, and strategic capital raising to fund growth and Bitcoin acquisition.
The key factors behind Mara Holdings' growth and efficiency include its strong treasury strategy centered on accumulating Bitcoin. The company has raised or plans to raise up to $1 billion through convertible debt offerings and seeks to sell substantial stock (up to $2 billion) to fund Bitcoin purchases and operational expansion.
Despite rising mining difficulty and hashrate, Mara increased its Bitcoin production by 35% in May 2025 and grew its energized hashrate by 3% in July, signaling operational scaling and resilience. The company's strategic diversification into AI and high-performance computing (HPC) through a significant $168 million investment in Exaion, a French EDF subsidiary specializing in AI, HPC, and cloud services, supports scalability, innovation, and cost-efficiency amid tightening profitability margins due to high mining difficulty.
Mara Holdings' Bitcoin reserves surpassed the 50,000 BTC mark by July 2025, specifically holding around 50,639 BTC. This accumulation was managed partly via its minority acquisition of Two Prime, an institutional investment adviser managing Bitcoin on Mara's behalf.
The difference in Bitcoin holdings between major public companies in the crypto market highlights Mara Holdings' rapid growth and industrial capabilities. Riot Platforms, another crypto miner, maintains a reserve of BTC close to 19,200 units, placing Mara Holdings significantly ahead in terms of corporate Bitcoin holdings.
Mara Holdings' hashrate growth has increased by more than 28,000% over the last few years, marking efficient and visionary management. The company started with a small Bitcoin mining operation of 0.2 EH/s and has grown to more than 57 EH/s. This rapid growth has not only made Mara Holdings the most profitable Bitcoin mining company worldwide, with an annual revenue of $752 million, but also reduced 29,300 metric tons of CO2 equivalent emissions in its first five months of operation through its new data center.
Mara Holdings' approach to Bitcoin mining stands out for its innovation and commitment to efficiency, proving that growth and sustainability can be combined in the crypto industry. The company's exponential growth, enhanced efficiency, and sustainability in its Bitcoin mining operations are testament to its disciplined infrastructure development, scaling operations, and strategic capital raising.
- Mara Holdings' strategic capital raising efforts, such as convertible debt offerings and stock sales, have enabled the company to amass a significant amount of Bitcoin, currently over 50,600 units, and fund its growth in both Bitcoin acquisition and operational expansion.
- The company's innovative approach to powering its data centers, through gas-to-energy conversion, has led to reduced costs and a more environmentally friendly operation, contributing to its efficiency and setting it apart in the crypto industry.
