In October 2024, MARA submitted its first disclosure to the CDP, voluntarily reporting on climate-related risks, opportunities, and impacts.
In October 2024, MARA submitted its first disclosure to the CDP, joining more than 22,700 global companies voluntarily reporting on climate-related risks, opportunities, and impacts. This report marks an important step in our commitment to data-driven measurement and disclosure. CDP is widely regarded as the gold standard for climate reporting, and MARA is the first company in the Bitcoin mining industry to participate.
On April 17, 2025, CDP released its 2023 scores, with MARA receiving an overall rating of “D”—a typical starting point for first-time participants. This process provides a structured framework to assess our sustainability initiatives and environmental impact. It is important to note that this rating reflects 2023 operations only and does not account for MARA's initiatives in 2024.
The scoring table above outlines MARA’s CDP scores by disclosure category (chapter). While MARA received an overall score of “D,” a closer look at individual chapters reveals several positive developments. The “D” rating primarily resulted from not meeting the “Essential Criteria” related to Board Oversight of ESG. In 2023, MARA did not have a board-level committee that fulfilled these requirements. However, in 2024, MARA established a new board-level Social Responsibility Committee, which now meets the “Essential Criteria.” The committee’s charter is available on MARA’s Investor Relations page.
Additionally, MARA has taken steps to improve its “D-” score for the verification of emissions. In 2024, the company engaged an independent third-party verifier to validate its FY 2024 carbon footprint. We expect that these updates will be reflected in MARA’s next CDP report for FY 2024.
Beyond addressing scoring criteria, MARA made significant progress in its broader sustainability strategy in 2024. Key initiatives include:
- Acquiring a wind farm in North Texas with 114 megawatts of nameplate capacity and 240 megawatts of interconnection capacity. By operating a behind-the-meter data center at this site, MARA expects to reduce renewable curtailment and take excess supply off the grid—alleviating grid congestion, enabling renewable energy development, and building local power demand.
- Launching a 25-megawatt Bitcoin mining initiative at oil and gas wellheads across Texas and North Dakota. By capturing excess gas that would otherwise be flared and converting it into electricity for Bitcoin mining, these operations achieve up to 99% methane mitigation efficiency—significantly better than the average flare efficiency of 92%. In its first five months of operations, the project reduced 29,300 metric tons of CO₂ equivalent emissions, comparable to removing 6,800 gasoline-powered vehicles from the road for a year, according to EPA equivalency data.
- Investing in pilot projects across Finland that operate within district heating facilities, which recycle heat from Bitcoin mining to warm towns with a combined population of 80,000. These projects leverage Finland’s clean electricity mix, introducing a solution for a cleaner alternative to the coal and other fossil fuels still commonly used in district heating systems around the world.
These initiatives reduce MARA’s environmental footprint and support real-world energy solutions. We believe their impact will also be reflected in next year’s CDP scores.
MARA’s leadership prioritized CDP participation as part of a broader sustainability strategy. “Bitcoin mining is a tool for addressing critical energy challenges, from reducing renewable curtailment and balancing grids to mitigating methane emissions and more,” said Brad Tomm, MARA’s Director of ESG. “Participating in CDP helps us assess our impact, identify improvements, and integrate sustainability into long-term strategic planning.”
As the premier digital energy technology, Bitcoin mining remains central to MARA’s strategy—optimizing how energy is produced, delivered, and consumed, and directly addressing some of the world’s most urgent energy challenges. MARA’s first CDP submission reinforces our commitment to transparency with stakeholders, industry partners, and the wider community. As we refine our assessment and measurement strategy, we will integrate insights from the CDP framework into our long-term strategy, ensuring MARA continues to lead in responsible energy and infrastructure development.
About MARA
MARA (NASDAQ:MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.
For more information, visit www.mara.com, or follow us on:
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This blog post contains forward-looking statements within the meaning of the U.S. federal securities laws. All statements, other than statements of historical fact, included in this blog post are forward-looking statements. The words "may," "will," "could," "anticipate," "expect," "intend," "believe," "continue," "target" and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements are based on management's current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading "Risk Factors" in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission.
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