MARA Targets 75 EH/s by Year-End with Bitcoin Miner Orders in Place
MARA is doubling down on the Bitcoin mining arms race, setting a new target to reach 75 EH/s by the end of 2025.
In its June production update on Tuesday, MARA chairman and CEO Fred Thiel said the goal is backed by an infrastructure “growth pipeline exceeding 3 gigawatts” in addition to “machine orders already in place.”
The announcement signals a renewed expansion push by MARA, which has maintained an installed capacity of around 55 EH/s throughout 2025. The move comes as other major players—including CleanSpark, IREN, and Cango—continue to ramp up their hashrates beyond the 50 EH/s threshold.
While MARA did not disclose specifics on the latest purchases, it previously stated that about half of its 2025 machine orders so far were Teraflux miners from Auradine, a U.S.-based Bitcoin ASIC designer in which MARA holds an investment stake.
The June update revealed a slowdown in production. MARA mined 211 blocks and produced 713 BTC—down 25% from May’s 950 BTC, which marked a record month for the company. Despite the drop, MARA continued to hold all mined Bitcoin, bringing its total reserves close to 50,000 BTC. It has been relying on equity dilution through at-the-market offerings to fund its operational and capital expenditures.
The production decline was attributed to weather-related curtailments, temporary reliance on older equipment at the Garden City site, and natural variability in block discovery while operating its own pool.
