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MARA mined 736 BTC in September (net +373 BTC), lifting its stack to 52,850 BTC—second only to Strategy among public companies.
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Produced 218 blocks (+5% MoM) despite global hashrate rising to ~1,031 EH/s; energized hashrate reached 60.4 EH/s.
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Cango produced/retained 616.6 BTC, bringing its treasury to ~5,810 BTC (~$700M).
Production & Share of Network
MARA’s September output rose 4.4% month-over-month to 736 BTC, representing ~5.2% of miner rewards including fees. CEO Fred Thiel underscored operational resilience as global hashrate climbed 9% MoM. MARA’s energized hashrate ticked to 60.4 EH/s with Texas wind farm containers fully deployed.
Where It Ranks
MARA remains the largest public miner by BTC holdings and the No. 2 public holder overall, behind Strategy’s 640,031 BTC. Tether-backed Twenty One, Metaplanet, and Bitcoin Standard Treasury round out the top five. Note: MARA’s reported total includes coins on loan/pledge or actively managed.
Market Backdrop
BTC finished September +5.4% and reclaimed ~$120k this week. Miner equities bounced with the tape: MARA shares are up 20% over the month but now sit No. 3 by market cap behind IREN and Riot.
Cango’s Update
Cango (50 EH/s deployed) retained 616.6 BTC in September and lifted its treasury to ~5,810 BTC, placing it 18th among public holders. Management flagged progress toward full fleet utilization and high-performance computing (HPC) initiatives.
