Marathon Digital raises 2024 hashrate target to 50 EH/s

04/26 02:40

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Bitcoin mining company Marathon Digital has announced that it will increase its target hash rate for 2024 from 35-37 EH/s to 50 EH/s. Marathon CEO Fred Thiel stated that, considering our recently acquired capacity and hash rate, we now believe it is possible to double the size of Marathon's mining business by 2024. Thiel also mentioned that the company does not need to raise additional funds to achieve its new target hash rate, as it currently has "sufficient funds."

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