U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to its monthly status report.

Marathon’s January production marks a 45% increase from December 2022’s 475 BTC, according to the January report.

Marathon’s CEO Fred Thiel acknowledged the increase in production and said the firm would continue to sell more of its assets to cover operational costs.

(By Zeynep Geylan)