Marathon’s bitcoin production growth surges, bolstered by higher transaction fees | Headlines | News | CoinMarketCap
01/05/2024 16:00
In a bitcoin production and mining operation update published yesterday, Marathon Digital Holdings announced that it produced a company-record 1,853 …
In a bitcoin production and mining operation update published yesterday, Marathon Digital Holdings announced that it produced a company-record 1,853 bitcoins ($81.2 million at current prices) last month.
The firm mined 12,852 bitcoins ($563.4 million) last year, more than tripling its mining output from 4,144 BTC in 2022. Marathon also increased its average operational hash rate by 18% month-over-month to 22.4 EH/s.
“In December, we increased our energized hash rate 4% to 24.7 exahashes and extended our lead as the largest publicly traded bitcoin miner in North America,” Marathon’s chairman and CEO, Fred Thiel, said in a press release. “We continue to target 30% growth in energized hash rate in 2024 and with the recently announced acquisition of the two sites from Generate Capital, …