MARA Computing Power, a BTC mining enterprise, has reached 50 EH/s, the first in the industry.

Odaily Planet Daily News Nasdaq BTC listed mining company MARA reported that its Computing Power doubled in 2024, reaching the year-end target of 50 EH/s, making it the first listed BTC mining company to cross this milestone. MARA's Computing Power was 36.9 EH/s at the end of the third quarter, which means it has increased by at least 13.1 EH/s since then. MARA CEO Fred Thiel said on X, 'The task is complete... but why stop here? Stay tuned, as we will put more Mining Rigs into operation and continue to expand using existing capacity.' (Cointelegraph) Yesterday, MARA announced on X platform that it has purchased 11,774 BTC worth about $1.1 billion using funds from zero-interest convertible notes issuance, achieving a QTD return of 12.3% and a YTD return of 47.6%. As of December 9, 2024, it holds 40,435 BTC, valued at $3.9 billion based on the Spot BTC price of $96,500.