Marathon Digital seeks collaboration to develop Bitcoin L2 cross-border payment solutions
Bitcoin mining company Marathon Digital is seeking to collaborate with blockchain developers to build a Bitcoin L2 cross-border payment solution. Julian Duran, the company's sidechain product manager, revealed this information at the Bitcoin 2024 conference on July 26.
Marathon Digital produced 850 BTC in April and sold 600 BTC
Bitcoin mining company Marathon Digital released its April operating report, producing a total of 850 BTC this month, a 21% increase compared to the same period last year. This growth is mainly attributed to its operational computing power increasing by 15%, currently reaching 21.1 EH/s.In addition, Marathon stated that it sold 600 BTC in April to support monthly operations, financial management, and general corporate purposes. As of April 30, the mining company holds 17,631 BTC.
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.
Marathon Digital produces 1,084 BTC in January
Marathon Digital Holdings, Inc. released unaudited information on Bitcoin production and miner installation updates for January 2024. 1,084 BTC were produced in January, a 42% decrease from December of last year.
Marathon Digital produced 1,853 Bitcoins in December
Marathon Digital, a Bitcoin mining company, announced updates on its Bitcoin production and mining operations in December. The company produced 1,853 BTC in December, worth about $81.2 million. Marathon has produced a total of 12,852 BTC (worth $563.4 million) by 2023, more than double the mining output of 4,144 BTC in 2022. As of December 31, 2023, Marathon holds over 15,000 BTC.
Marathon Digital: Plans to sell some of its Bitcoin assets over the coming period to support monthly operations and manage finances
Cryptocurrency mining company Marathon Digital (MARA.O) announced that it plans to sell some of its bitcoin assets in the near future to support monthly operations and manage finances. <br>
Marathon Digital acquires multiple Bitcoin mining farms for approximately $179 million
Marathon Digital Holdings, Inc. has reached a final acquisition agreement with Generate Capital and a subsidiary of PBC to acquire two currently operational Bitcoin mining facilities with a total capacity of 390 megawatts for a total of $178.6 million, which will be paid in cash from Marathon's balance sheet.
Marathon Digital mined 1,202 BTC in October and holds a total of 13,396 BTC
The October Bitcoin production update for Marathon Digital Holdings is as follows: 1,202 BTC were produced in October 2023, and 9,812 BTC have been produced year-to-date.
As of October 31st, Marathon holds a total of 13,396 unrestricted BTC. The cash and cash equivalents on the company's balance sheet are $156.1 million. Compared to the previous month, the total balance of unrestricted cash, cash equivalents, and Bitcoin has increased from $471.3 million to $620.4 million.
Marathon Digital Mines Bitcoin Using Methane Gas from Landfill
Marathon Digital has started mining Bitcoin using methane gas extracted from a landfill in Utah. The 280-kW off-grid pilot project is a collaboration between Marathon and Nodal Power, which raised $13 million in a seed round in August to operate two sites, one of which includes a data center. If successful, Marathon plans to expand its footprint in this area and help landfill operators meet their environmental targets. Other Bitcoin miners, such as Genesis Digital Assets Limited, are also seeking new green generating solutions.
Marathon Digital launches 200MW Bitcoin mining center in Abu Dhabi
Marathon Digital Holdings announced on X platform that it has launched a 200-megawatt immersive cooling Bitcoin mining center in Masdar City, Abu Dhabi in partnership with Zero Two. The company stated that it will further develop digital asset infrastructure in Abu Dhabi.
