Bitcoin mining company MARA, formerly known as Marathon Digital, lent out 7,377 Bitcoin (BTC) in 2024 to generate additional income. In a recent announcement, the company said the lending was intended to offset the operating costs associated with its energy-intensive mining operations. According to Robert Samuels, MARA’s vice president of investor relations, the Bitcoin lending program focuses on short-term arrangements with reputable third parties. The lending program is part of MARA’s broader strategy to navigate the challenging mining landscape. With Bitcoin halving in April 2024 reducing block rewards to 3.125 BTC.
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