<h2>关键要点</h2>
<p><em>MARA 在八月份挖掘了 705 个比特币，并且还进行了购买，使其整体持有量达到了 52,400 个。该公司的首席执行官认为，‘缓慢’ 的增长是由于全球竞争所致。</em></p>
<hr/>
<p>MARA 在八月份的产量和整体增长方面领先于其他比特币矿工。该公司报告称，上个月生产了 705 个比特币，比七月份的 703 个略有增加。</p>
<p>总体而言，其比特币持有量激增至 52,447 个，比七月底的数字有所上升。根据首席执行官 Fred Thiel 的说法，他们在八月份的回调期间也进行了 ‘战略性出价’。</p>
<blockquote>
<p>“考虑到本月比特币价格的下跌，我们抓住机会战略性地增加了我们的国库，目前持有超过 52,000 个比特币。”</p>
</blockquote>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/Screenshot-2025-09-05-150408.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/Screenshot-2025-09-05-150408.png"/></p>
<p>来源：比特币国库</p>
<h2>MARA 领先竞争对手比特币矿工</h2>
<p>相反，其他竞争对手的比特币产量低于 MARA。例如，Riot Platforms 生产了 477 个比特币，而 CleanSpark 则管理了 657 个比特币。另一家公司 BitFuFu 在八月份挖掘了 408 个比特币，环比下降了 12%。</p>
<p>然而，与七月份的产量相比，MARA 的挖矿量微不足道。对此，Thiel 声称该领域的全球竞争上升了 6%。</p>
<blockquote>
<p>“与上个月类似，我们在八月份生产了 208 个区块，因为全球哈希率环比增加了 6%，平均达到 949 EH/s。”</p>
</blockquote>
<p>这意味着八月份网络中的矿工数量增加。竞争的加剧总是会增加网络难度和确认一个区块所需的整体资源。简单来说，这使得挖矿操作相对昂贵且困难。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/Screenshot-2025-09-05-144550.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/Screenshot-2025-09-05-144550.png"/></p>
<p>来源：区块链</p>
<p>根据图表，网络难度确实从 118 万亿跃升至近 130 万亿的历史新高，突显了上个月的激烈竞争。</p>
<p>值得指出的是，MARA 的股价在更新后下跌了近 5%，并在周四的交易时段结束时收于 15.11 美元。不过在撰写时，它在周五交易前的时段上涨了 1.6%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/MARA_2025-09-05_14-50-55.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/MARA_2025-09-05_14-50-55.png"/></p>
<p>来源：MARA/USDT，TradingView</p>
<p>与比特币相比，王者币在第三季度的表现远好于 MARA。截至目前，比特币上涨了 4%，在撰写时交易价格为 112,000 美元。</p>
<p>MARA 在同一时期内损失了 3.6% 的价值，这表明其落后于比特币。最后，值得强调的是，该公司最近因涉嫌比特币挖矿污染而受到审查，这可能拖累了其股票的表现。</p>

MARA

<p>MARA 在八月份领先比特币矿工，生产了 705 个比特币，使其总持有量增加到 52,447 个比特币。尽管如此，更新后其股票下跌了近 5%。竞争对手如 Riot 和 CleanSpark 生产的比特币更少，而全球竞争加大了挖矿难度。首席执行官 Fred Thiel 指出，公司在比特币价格下跌期间战略性地增加了其国库。相比之下，比特币在第三季度上涨了 4%，而 MARA 的股票下跌了 3.6%。该公司还因挖矿污染受到审查，影响了其股票表现</p>

<h2>Key Takeaways</h2>
<div class="lb-trans"><h2>关键要点</h2>
</div><p><em>MARA mined 705 BTC in August and bought some too, pushing its overall holdings to 52.4K. The firm’s CEO believes the ‘slow’ growth has been due to global competition.</em></p>
<div class="lb-trans"><p><em>MARA 在八月份挖掘了 705 个比特币，并且还进行了购买，使其整体持有量达到了 52,400 个。该公司的首席执行官认为，‘缓慢’ 的增长是由于全球竞争所致。</em></p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p>MARA led several Bitcoin miners in output and overall growth in August. The firm reported that it produced 705 BTC last month – A slight bump from July’s 703 BTC.</p>
<div class="lb-trans"><p>MARA 在八月份的产量和整体增长方面领先于其他比特币矿工。该公司报告称，上个月生产了 705 个比特币，比七月份的 703 个略有增加。</p>
</div><p>Overall, its BTC holdings surged to 52,447 BTC, up from its figures in late July. According to CEO Fred Thiel, they also made a ‘strategic bid’ during the August pullback.</p>
<div class="lb-trans"><p>总体而言，其比特币持有量激增至 52,447 个，比七月底的数字有所上升。根据首席执行官 Fred Thiel 的说法，他们在八月份的回调期间也进行了 ‘战略性出价’。</p>
</div><blockquote>
<p>“Given the decline in Bitcoin price during the month, we took the opportunity to strategically add to our treasury and currently hold over 52,000 BTC.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“考虑到本月比特币价格的下跌，我们抓住机会战略性地增加了我们的国库，目前持有超过 52,000 个比特币。”</p>
</blockquote>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/Screenshot-2025-09-05-150408.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/09/Screenshot-2025-09-05-150408.png"/></p>
<p>Source: Bitcoin Treasuries</p>
<div class="lb-trans"><p>来源：比特币国库</p>
</div><h2>MARA tops rival BTC miners</h2>
<div class="lb-trans"><h2>MARA 领先竞争对手比特币矿工</h2>
</div><p>On the contrary, other rivals produced less BTC than MARA. Riot Platforms, for example, produced 477 BTC while CleanSpark managed 657 BTC. Another firm, BitFuFu, mined 408 BTC in August – Translating to a 12% fall on a month-over-month (MoM) basis.</p>
<div class="lb-trans"><p>相反，其他竞争对手的比特币产量低于 MARA。例如，Riot Platforms 生产了 477 个比特币，而 CleanSpark 则管理了 657 个比特币。另一家公司 BitFuFu 在八月份挖掘了 408 个比特币，环比下降了 12%。</p>
</div><p>However, MARA’s mining was negligible compared to July’s output. Reacting to the sluggish performance, Thiel claimed that global competition in the space surged by 6%.</p>
<div class="lb-trans"><p>然而，与七月份的产量相比，MARA 的挖矿量微不足道。对此，Thiel 声称该领域的全球竞争上升了 6%。</p>
</div><blockquote>
<p>“Similar to last month, we produced 208 blocks in August as global hashrate increased 6% month-over-month to an average of 949 EH/s.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“与上个月类似，我们在八月份生产了 208 个区块，因为全球哈希率环比增加了 6%，平均达到 949 EH/s。”</p>
</blockquote>
</div><p>It meant that there were more miners in the network in August. A hike in competition always increases network difficulty and overall resources needed to confirm a block. Simply put, it makes mining operations relatively expensive and tough.</p>
<div class="lb-trans"><p>这意味着八月份网络中的矿工数量增加。竞争的加剧总是会增加网络难度和确认一个区块所需的整体资源。简单来说，这使得挖矿操作相对昂贵且困难。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/Screenshot-2025-09-05-144550.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/09/Screenshot-2025-09-05-144550.png"/></p>
<p>Source: Blockchain</p>
<div class="lb-trans"><p>来源：区块链</p>
</div><p>According to the chart, the network difficulty indeed jumped from 118 trillion to a record high of nearly 130 trillion in August – Underscoring the tough competition last month.</p>
<div class="lb-trans"><p>根据图表，网络难度确实从 118 万亿跃升至近 130 万亿的历史新高，突显了上个月的激烈竞争。</p>
</div><p>Worth pointing out, however, that MARA’s stock price fell by nearly 5% after the update and closed Thursday’s trading session at $15.11. At press time though, it was up 1.6% in pre-market hours before Friday’s session.</p>
<div class="lb-trans"><p>值得指出的是，MARA 的股价在更新后下跌了近 5%，并在周四的交易时段结束时收于 15.11 美元。不过在撰写时，它在周五交易前的时段上涨了 1.6%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/MARA_2025-09-05_14-50-55.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/09/MARA_2025-09-05_14-50-55.png"/></p>
<p>Source: MARA/USDT, TradingView</p>
<div class="lb-trans"><p>来源：MARA/USDT，TradingView</p>
</div><p>Compared to Bitcoin, the king coin fared much better than MARA in Q3. So far this quarter, Bitcoin is up 4%, with the same trading at $112k at the time of writing.</p>
<div class="lb-trans"><p>与比特币相比，王者币在第三季度的表现远好于 MARA。截至目前，比特币上涨了 4%，在撰写时交易价格为 112,000 美元。</p>
</div><p>MARA has lost 3.6% of its value over the same period – A sign that it has lagged behind BTC. Finally, it’s also worth highlighting that the firm faced scrutiny over alleged BTC mining pollution recently. This could have dragged its stock’s performance.</p>
<div class="lb-trans"><p>MARA 在同一时期内损失了 3.6% 的价值，这表明其落后于比特币。最后，值得强调的是，该公司最近因涉嫌比特币挖矿污染而受到审查，这可能拖累了其股票的表现。</p>
</div>

比特币——MARA 在八月份开采了 705 个比特币，超过了竞争对手 Riot 和 CleanSpark