# MARA Holdings

> MARA Holdings is a vertically integrated digital-infrastructure and energy company that runs one of the world's largest Bitcoin mining operations. It converts cheap, stranded, and underused power - flare gas, curtailed renewables, off-peak grid capacity - into Bitcoin and, increasingly, AI compute, while building its own hardware, cooling systems, and mining software. Founded in 2010 and rebranded from Marathon Digital Holdings in 2024, MARA holds more than 50,000 BTC on its balance sheet, making it the second-largest corporate holder of Bitcoin in the world.

- **Founded:** 2010
- **Headquarters:** Fort Lauderdale, Florida, United States
- **Founders:** Fred Thiel (Chairman & CEO (joined 2018, CEO since 2021))
- **Team size:** ~270 employees
- **Products:** Bitcoin Mining Operations, MARA Pool, MARA 2PIC (Two-Phase Immersion Cooling), AI / HPC Compute, Kaspa Mining
- **Notable:** Second-largest corporate holder of Bitcoin in the world, surpassing 50,000 BTC in July 2025, Grew from a sub-$30M market cap to a multi-billion-dollar digital-infrastructure company under Fred Thiel, Reported $656.4M revenue and $541M net income for full-year 2024

## Products & services

- **Bitcoin Mining Operations** — One of the world's largest Bitcoin mining fleets, running roughly 1.9 GW of energy capacity across 18 data centers on four continents, with the majority of production in the United States.
- **MARA Pool** — MARA's proprietary Bitcoin mining pool that coordinates hash rate and block rewards for its own fleet and third parties.
- **MARA 2PIC (Two-Phase Immersion Cooling)** — Immersion cooling systems, including the 2PIC700, that submerge chips in dielectric fluid; enables 2-4x power density, up to 75% smaller footprint, and lets ASIC miners overclock by 60-100%.
- **AI / HPC Compute** — A developing line of high-performance computing and edge-inference services that reuse MARA's power, cooling, and data-center footprint for AI workloads.
- **Kaspa Mining** — Diversified proof-of-work mining of Kaspa (KAS) to create a revenue stream separate from Bitcoin.
- **Anduro** — A multi-layer network and sidechain platform designed to expand Bitcoin's utility for developers and applications.
- **Energy & Load-Management Solutions** — Software and services for energy optimization, load balancing, grid support, and heat recovery tied to MARA's compute sites.

## Achievements

- Second-largest corporate holder of Bitcoin in the world, surpassing 50,000 BTC in July 2025
- Grew from a sub-$30M market cap to a multi-billion-dollar digital-infrastructure company under Fred Thiel
- Reported $656.4M revenue and $541M net income for full-year 2024
- Built roughly 1.9 GW of energy capacity across 18 data centers on four continents
- Set a post-halving Bitcoin production record in mid-2025

## Latest updates

- **2025-07** — Bitcoin holdings surpassed 50,000 BTC, making MARA the second-largest corporate holder of bitcoin globally.
- **2025-06** — Set a post-halving record for monthly Bitcoin production, its highest since January 2024.
- **2025-05** — Reported Q1 2025 revenue of $213.9M, up 30% year over year, with a net loss driven by bitcoin fair-value accounting.
- **2024-11** — Unveiled the MARA 2PIC700 two-phase immersion cooling system for data centers, AI/HPC, and mining.
- **2024-08** — Rebranded from Marathon Digital Holdings to MARA Holdings to signal its broader energy and infrastructure ambitions.

## Links

- Website: https://mara.com
- LinkedIn: https://www.linkedin.com/company/maraholdings
- Twitter/X: https://twitter.com/MARAHoldings
- YouTube: https://www.youtube.com/@MARAHoldings
- Facebook: https://www.facebook.com/MARAHoldings

---

Profile page: https://yespress.io/mara
Published by YesPress — https://yespress.io
Last updated: 2026-08-14