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Fred Thiel and His Mining Empire
The publicly traded mining company MARA Holdings Inc. continues to make headlines in top crypto media outlets. Known for its bold Bitcoin strategy and the establishment of a corporate BTC reserve, MARA uses both free and borrowed funds for Bitcoin acquisitions. But who is the visionary behind this daring approach? Meet MARA’s CEO, Fred Thiel. 
Bitcoin mining remains highly lucrative, with profitability on the rise, as noted in JPMorgan’s latest report. The network’s hash rate, an indicator of overall computational power for BTC mining, has grown by 5% since November 2024, pointing to increasing interest and competition in the sector. 
Bitcoin mining company MARA Holdings is urging U.S. policymakers to take bold steps to secure the nation’s dominance in cryptocurrency mining. The company has outlined a comprehensive government strategy for blockchain and cryptocurrency technology to achieve this goal. 