Cointime

Download App
iOS & Android

Marathon Digital plans to double its computing power to 50 EH/s by the end of this year

According to The Block, cryptocurrency mining company Marathon Digital plans to increase its computing power to 50 EH/s by the end of 2024, which is double the amount at the beginning of the year. Starting in 2024, the total computing power of its mining facilities will be approximately 24.7 EH/s. Marathon initially planned to increase its computing power by about 46% by the end of the year, with a target of 35-37 EH/s. Due to recent acquisitions and an increase in machine orders and production capacity, the company now expects its business to expand and reach a full hash rate of approximately 50 EH/s by the end of 2024.

Comments

All Comments

Recommended for you

  • Sasa

    The backcountry gates at Hokkaido ski resorts offer excellent, mostly lift-accessible terrain. Early in the season, the burning question is when there will be sufficient snow coverage for the gates to open. The problem for skiers is the prevalence of sasa, which is the Japanese word for a type of bamboo.
  • VanEck Crypto Monthly Recap for December 2024

    After a spectacular November, most Smart Contract Platforms (SCPs) experienced significant price corrections in December. The Market Vectors Smart Contract Leaders Index (MVSCLE) declined by 12%, with ETH down 10% and SOL plunging 21%. Conversely, BTC demonstrated resilience, down only 4%, thanks to consistent buying from MicroStrategy and the exchange-traded products (ETPs). Notable token gainers in December included MNT (+38%), TRX (+23%), and SUI (+20%). Despite altcoins’ underperformance in the month, daily transactions across all chains reached a record high of 13.7M, surpassing November’s 13M.
  • AI, Crypto, and America

    My mom left the Philippines when she was 21 years old — armed with a degree and $50 in her pocket.
  • Who Even Were the Cypherpunks?

    crypherpunks write code. We know that someone has to write software to defend privacy, and since we can't get privacy unless we all do, we're going to write it.”
  • Technocapitalism (2024)

    Initial scoping of crpyto-centric free-marketism
  • Volume 215: Digital Asset Fund Flows Weekly Report

    2024 saw US$44bn inflows, 2025 off to a good start with US$585m inflows so far
  • d/acc: one year later

    About a year ago, I wrote an article on techno-optimism, describing my general enthusiasm for technology and the massive benefits that it can bring, as well as my caution around a few specific concerns, largely centered around superintelligent AI, and the risk that it may bring about either doom, or irreversible human disempowerment,
  • Binance Futures will launch U-based and Coin-based quarterly 0627 delivery contracts

    Binance Futures will launch the following quarterly 0627 delivery contracts for U-based and coin-based contracts within a few hours after the expiration of the quarterly 1227 delivery contracts on December 27 at 16:00 U.
  • Binance to Launch MORPHO and CHILLGUY USDT Perpetual Contracts

    Binance futures platform will launch perpetual contracts with a maximum leverage of up to 75 times at the following times:
  • Coinbase International has launched COW perpetual contracts

     Coinbase International has launched COW perpetual contracts. COW-PERP market limit, market, stop loss, and stop loss limit orders are now all available.