Marathon Digital Holdings, a major crypto miner in North America, reported a narrower-than-expected loss in Q1 due to the rising price of bitcoin and increased production. The company received another subpoena from the SEC regarding related-party transactions that may have violated federal securities law. Despite facing construction and operational challenges last year, Marathon increased its production and operational hashrate by 64% quarter on quarter to 11.5 exahash/second. The company is also expanding its operations into the Middle East with a joint venture for a 200 MW immersion cooled facility in Abu Dhabi.
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