MARA's shares closed down 4.4% on the day after announcing it had purchased nearly 11,800 Bitcoin and boosted its hashrate to an industry record.
Bitcoin mining heavyweight MARA Holdings Inc. bought another 11,774 Bitcoin for $1.1 billion on Dec. 10, while its hashrate exceeded 50 exahashes per second (EH/s) — an industry first.
MARA purchased $1.1 billion worth from its zero-coupon convertible note offering from late last month, snapping up the 11,774 Bitcoin (BTC) at an average purchase price of $96,000, it said in a Dec. 10 X post.
As of Dec. 9, MARA held 40,435 Bitcoin, worth $3.92 billion at its current price of around $97,000.
