Under Fred Thiel’s leadership, MARA Holdings (MARA) — previously known as Marathon Digital Holdings — has become not only one of the largest bitcoin miners in the world but also the second-largest corporate owner of bitcoin, with about $3.9 billion worth on its balance sheet.
Thiel joined the mining company in 2018 as a director and was appointed CEO in 2021. Since then, he has navigated through the bull market of 2021 and the subsequent brutal crypto winter. His company has been focused on a bitcoin-centric business model, while other miners had to pivot to artificial intelligence-related computing as the industry faced reduced margins following the recent bitcoin halving event.
Under Thiel, MARA went all-in on bitcoin by becoming the first miner to follow MicroStrategy executive chairman Michael Saylor’s lead and buy large amounts of the digital asset on the spot market. The company was even able to successfully <a href=”https://x.com/MARAHoldings/status/1861848253362274469″ target=”_blank”>raise $1 billion</a> recently to buy more bitcoin, making Thiel perhaps the Michael Saylor of the bitcoin mining industry.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Wall Street's fear gauge, the VIX index, spiked on Friday as stocks dropped. History says…
TL;DR: Babylon Labs has advanced a proposal to bring native Bitcoin collateral to Aave V4…
HONG KONG, October 18, 2026 – As quantum computing advances, the challenge extends beyond Bitcoin’s…
HONG KONG, October 18, 2026 – As quantum computing advances, the challenge extends beyond Bitcoin’s…
TL;DR: Binance will discontinue its mining pool and related services at 07:00 UTC on November…
Bitwise sees a potential return above $100,000, while LO:TECH expects a narrower trading range as…