MARA Holdings Traded 110th in Volume as 4.91% Drop Follows Strategic Expansion and Bitcoin Output Growth

On September 4, 2025, MARA Holdings (NASDAQ: MARA) traded with a volume of 0.82 billion, ranking 110th in market activity. The stock fell 4.91% amid mixed operational updates and strategic moves.

MARA reported producing 208 Bitcoin blocks in August 2025, maintaining consistent output despite a 6% month-over-month rise in global hashrate to 949 EH/s. The company increased its BTC holdings to 52,477, adding to its treasury during a period of price decline. MARA also noted a 1% growth in energized hashrate to 59.4 EH/s, with its Texas wind farm nearing full operational capacity by Q4 2025.

A strategic focus emerged through a pending agreement to acquire a 64% stake in Exaion, a subsidiary of EDF, a major low-carbon energy producer. The deal, expected to close in Q4 2025, allows MARA to expand to 75% ownership by 2027. This partnership aims to integrate AI and MARA’s technology stack to reduce processing costs and enhance edge infrastructure. Additionally, MARA established its European headquarters in Paris to accelerate international expansion.

Operational metrics showed 705 BTC mined in August, averaging 22.7 BTC daily. The company retained all mined Bitcoin, avoiding sales amid strategic accumulation. Transaction fees accounted for 0.8% of mining rewards, down from 1.1% in July. MARA’s energized hashrate growth and infrastructure progress underscore its position in the Bitcoin mining sector, though market volatility and regulatory uncertainties remain key risks.

Backtested performance data indicates MARA’s revenue grew 41.32% over the past twelve months, despite significant cash burn. The stock trades at a P/E ratio of 7.35 with a 5-year beta of 6.26, reflecting high volatility. Analysts have set price targets ranging from $18 to $34, with earnings expected November 5.