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Marathon Digital Links Slump in Bitcoin Mined To Weather Conditions in Texas and Drop in Transaction Fees

Marathon Digital, a Bitcoin mining company, has attributed its decrease in Bitcoin mined in June to weather conditions in Texas and a drop in transaction fees. Despite producing 979 Bitcoin in June, a 21% decline from May, Marathon Digital saw a 599% increase compared to June 2022.

The company cited weather-related curtailment in Texas and a significant decrease in transaction fees as the primary reasons for the decline in production. However, Marathon Digital remains optimistic about the future of mining economics.

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