<h2>關鍵要點</h2>
<p><em>MARA 在八月份挖掘了 705 個比特幣，並且還進行了購買，使其整體持有量達到了 52,400 個。該公司的首席執行官認為，‘緩慢’ 的增長是由於全球競爭所致。</em></p>
<hr/>
<p>MARA 在八月份的產量和整體增長方面領先於其他比特幣礦工。該公司報告稱，上個月生產了 705 個比特幣，比七月份的 703 個略有增加。</p>
<p>總體而言，其比特幣持有量激增至 52,447 個，比七月底的數字有所上升。根據首席執行官 Fred Thiel 的説法，他們在八月份的回調期間也進行了 ‘戰略性出價’。</p>
<blockquote>
<p>“考慮到本月比特幣價格的下跌，我們抓住機會戰略性地增加了我們的國庫，目前持有超過 52,000 個比特幣。”</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>來源：比特幣國庫</p>
<h2>MARA 領先競爭對手比特幣礦工</h2>
<p>相反，其他競爭對手的比特幣產量低於 MARA。例如，Riot Platforms 生產了 477 個比特幣，而 CleanSpark 則管理了 657 個比特幣。另一家公司 BitFuFu 在八月份挖掘了 408 個比特幣，環比下降了 12%。</p>
<p>然而，與七月份的產量相比，MARA 的挖礦量微不足道。對此，Thiel 聲稱該領域的全球競爭上升了 6%。</p>
<blockquote>
<p>“與上個月類似，我們在八月份生產了 208 個區塊，因為全球哈希率環比增加了 6%，平均達到 949 EH/s。”</p>
</blockquote>
<p>這意味着八月份網絡中的礦工數量增加。競爭的加劇總是會增加網絡難度和確認一個區塊所需的整體資源。簡單來説，這使得挖礦操作相對昂貴且困難。</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>來源：區塊鏈</p>
<p>根據圖表，網絡難度確實從 118 萬億躍升至近 130 萬億的歷史新高，突顯了上個月的激烈競爭。</p>
<p>值得指出的是，MARA 的股價在更新後下跌了近 5%，並在週四的交易時段結束時收於 15.11 美元。不過在撰寫時，它在週五交易前的時段上漲了 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>來源：MARA/USDT，TradingView</p>
<p>與比特幣相比，王者幣在第三季度的表現遠好於 MARA。截至目前，比特幣上漲了 4%，在撰寫時交易價格為 112,000 美元。</p>
<p>MARA 在同一時期內損失了 3.6% 的價值，這表明其落後於比特幣。最後，值得強調的是，該公司最近因涉嫌比特幣挖礦污染而受到審查，這可能拖累了其股票的表現。</p>

MARA

<p>MARA 在八月份領先比特幣礦工，生產了 705 個比特幣，使其總持有量增加到 52,447 個比特幣。儘管如此，更新後其股票下跌了近 5%。競爭對手如 Riot 和 CleanSpark 生產的比特幣更少，而全球競爭加大了挖礦難度。首席執行官 Fred Thiel 指出，公司在比特幣價格下跌期間戰略性地增加了其國庫。相比之下，比特幣在第三季度上漲了 4%，而 MARA 的股票下跌了 3.6%。該公司還因挖礦污染受到審查，影響了其股票表現</p>

<h2>Key Takeaways</h2>
<div class="lb-trans"><h2>關鍵要點</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 個比特幣，並且還進行了購買，使其整體持有量達到了 52,400 個。該公司的首席執行官認為，‘緩慢’ 的增長是由於全球競爭所致。</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 在八月份的產量和整體增長方面領先於其他比特幣礦工。該公司報告稱，上個月生產了 705 個比特幣，比七月份的 703 個略有增加。</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>總體而言，其比特幣持有量激增至 52,447 個，比七月底的數字有所上升。根據首席執行官 Fred Thiel 的説法，他們在八月份的回調期間也進行了 ‘戰略性出價’。</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>“考慮到本月比特幣價格的下跌，我們抓住機會戰略性地增加了我們的國庫，目前持有超過 52,000 個比特幣。”</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>來源：比特幣國庫</p>
</div><h2>MARA tops rival BTC miners</h2>
<div class="lb-trans"><h2>MARA 領先競爭對手比特幣礦工</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，其他競爭對手的比特幣產量低於 MARA。例如，Riot Platforms 生產了 477 個比特幣，而 CleanSpark 則管理了 657 個比特幣。另一家公司 BitFuFu 在八月份挖掘了 408 個比特幣，環比下降了 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，與七月份的產量相比，MARA 的挖礦量微不足道。對此，Thiel 聲稱該領域的全球競爭上升了 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>“與上個月類似，我們在八月份生產了 208 個區塊，因為全球哈希率環比增加了 6%，平均達到 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>這意味着八月份網絡中的礦工數量增加。競爭的加劇總是會增加網絡難度和確認一個區塊所需的整體資源。簡單來説，這使得挖礦操作相對昂貴且困難。</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>來源：區塊鏈</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>根據圖表，網絡難度確實從 118 萬億躍升至近 130 萬億的歷史新高，突顯了上個月的激烈競爭。</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 的股價在更新後下跌了近 5%，並在週四的交易時段結束時收於 15.11 美元。不過在撰寫時，它在週五交易前的時段上漲了 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>來源：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>與比特幣相比，王者幣在第三季度的表現遠好於 MARA。截至目前，比特幣上漲了 4%，在撰寫時交易價格為 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 在同一時期內損失了 3.6% 的價值，這表明其落後於比特幣。最後，值得強調的是，該公司最近因涉嫌比特幣挖礦污染而受到審查，這可能拖累了其股票的表現。</p>
</div>

比特幣——MARA 在八月份開採了 705 個比特幣，超過了競爭對手 Riot 和 CleanSpark