[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Cryptovicci 🌐 [@cryptovicci](/creator/twitter/cryptovicci) on x 2511 followers Created: 2025-07-15 23:03:22 UTC $MARA MINING ARM mined XXXXX BTC in Q1. With Bitcoin now at $117K, here’s the real value story: 🔌 Energy cost per BTC: ~$35.7K 💼 Total cash cost per BTC: ~$100.5K 🏷️ Market value per BTC: $117K ✅ Cash profit per coin: ~$16.5K 💰 Total value of Q1 mined BTC: $267M 💸 Cash cost to mine it: $229M 📈 Cash-positive mining confirmed But that’s not all… #MARA holds XXXXXX BTC on its balance sheet. $XXXX billion in real-time value. This BTC pile is: 🛡️ A fortress balance sheet 💵 A liquid reserve that can be converted to cash at any moment 🏦 A strategic asset base they’re now lending out for yield (banking model) Despite a reported accounting net loss, here’s what matters: ✅ Total cash costs are below BTC price (~$100K+) → cash mining operations are profitable ✅ D&A is non-cash → lowers taxable income but preserves cash (a tax shield for shareholders) ✅ Net income ≠ cash flow → and MARA is building balance sheet value while controlling cash outflow 📈 Every BTC mined adds asset value to the balance sheet AND optionality for lending/yield. 💡 MARA’s Q1 mining was cash-positive, capital-intensive, and strategically designed to stack BTC without forced selling. As BTC appreciates, the value of each mined coin grows, and so does its impact per share. 🧠 Key insights for Shareholders ✅ Yes, MARA is cash-positive on mining; energy and operational expenses are fully covered at current BTC prices. ✅ The gap between cost and BTC price is growing → every mined BTC increases balance sheet value and strengthens liquidity. 📢 Analysis by @Cryptovicci #BitcoinMining #Miner #Bitcoin #BitcoinBank  XXXXX engagements  **Related Topics** [$229m](/topic/$229m) [$267m](/topic/$267m) [$165k](/topic/$165k) [$1005k](/topic/$1005k) [$357k](/topic/$357k) [coins energy](/topic/coins-energy) [$117k](/topic/$117k) [mining](/topic/mining) [Post Link](https://x.com/cryptovicci/status/1945257914048110829)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Cryptovicci 🌐 @cryptovicci on x 2511 followers
Created: 2025-07-15 23:03:22 UTC
$MARA MINING ARM mined XXXXX BTC in Q1. With Bitcoin now at $117K, here’s the real value story:
🔌 Energy cost per BTC: ~$35.7K 💼 Total cash cost per BTC: ~$100.5K 🏷️ Market value per BTC: $117K
✅ Cash profit per coin: ~$16.5K
💰 Total value of Q1 mined BTC: $267M 💸 Cash cost to mine it: $229M
📈 Cash-positive mining confirmed
But that’s not all…
#MARA holds XXXXXX BTC on its balance sheet. $XXXX billion in real-time value.
This BTC pile is: 🛡️ A fortress balance sheet 💵 A liquid reserve that can be converted to cash at any moment 🏦 A strategic asset base they’re now lending out for yield (banking model)
Despite a reported accounting net loss, here’s what matters:
✅ Total cash costs are below BTC price (~$100K+) → cash mining operations are profitable
✅ D&A is non-cash → lowers taxable income but preserves cash (a tax shield for shareholders)
✅ Net income ≠ cash flow → and MARA is building balance sheet value while controlling cash outflow
📈 Every BTC mined adds asset value to the balance sheet AND optionality for lending/yield.
💡 MARA’s Q1 mining was cash-positive, capital-intensive, and strategically designed to stack BTC without forced selling.
As BTC appreciates, the value of each mined coin grows, and so does its impact per share.
🧠 Key insights for Shareholders ✅ Yes, MARA is cash-positive on mining; energy and operational expenses are fully covered at current BTC prices.
✅ The gap between cost and BTC price is growing → every mined BTC increases balance sheet value and strengthens liquidity.
📢 Analysis by @Cryptovicci #BitcoinMining #Miner #Bitcoin #BitcoinBank
XXXXX engagements
Related Topics $229m $267m $165k $1005k $357k coins energy $117k mining