Crypto winter cleans out "unsavory operators" in industry, says Marathon Digital CEO
According to Marathon Digital's CEO, the recent crypto winter has helped eliminate unscrupulous operators in the industry. Fred Thiel compared the market upheaval to the dot-com boom and believes that the stress the crypto market has gone through is forcing regulators to react. Thiel praised the regulatory efforts of the EU, UK, Hong Kong, Singapore, and the UAE but believes the US is lagging behind. He also believes that higher interest rates will make investors more risk-averse and contribute to a more commercialized crypto industry. The collapse of crypto firms could have positive side-effects, including opportunities for other players to buy up parts of collapsed firms.
Marathon Mined $20M Bitcoin in April and Increased Hash Rates, BTC Holdings
Crypto mining firm Marathon Digital Holdings produced 702 BTC (currently worth $20 million). That amount, measured in Bitcoin, represents a 134% year-over-year increase but a decrease from March, when Marathon mined a record 825 BTC.
Crypto Morning Briefing: Bitfinex Becomes First To Get Crypto License Officially In El Salvador
Riot Platforms and Marathon Digital Lead Crypto Stock Gains as Bitcoin Settles in Above $30K; Ethereum’s Shanghai Upgrade Will Permanently Alter ETH Economics; Former Deutsche Bank Investment Banker Indicted for Cryptocurrency Fraud
Riot Platforms and Marathon Digital Lead Crypto Stock Gains as Bitcoin Settles in Above $30K
Crypto-related stocks are seeing a second day of big gains after bitcoin on Monday evening pushed through $30,000 for the first time since June 2022. At press time, it's managed to hold that advance, trading at $30,100.
Marathon Digital Announces a Record Bitcoin Production in Q1 2023
One of the leading crypto mining firms – Marathon Digital – mined a record 2,195 BTC during the year’s first quarter and increased its holdings to 11,466 bitcoin (equivalent to over $321 million at current prices).
Marathon Digital Produces 21% More Bitcoins in March
Marathon Digital announced on Monday that it had mined a record 825 bitcoins in March, an increase of 21% from the 683 produced in February. The company's operating fleet consisted of around 105.2K as of April 1, which is capable of producing approximately 11.5 exahashes per second.
Bitcoin Miner Marathon Digital's CFO to Retire After One Year
Bitcoin miner Marathon Digital's (MARA) CFO Hugh Gallagher plans to retire from his role on May 12, about an year after he was appointed in the role.
Coinbase, Hut 8 and Other Crypto Stocks Rise as Bitcoin Surpasses $26K
The shares of crypto exchange Coinbase (COIN) and several crypto-related stocks were rising Friday as the price of bitcoin surpassed $26,000, up 6% over the last 24 hours.
Marathon Digital Says It Has Access to Funds Held at Signature Bank
Marathon Digital said it has access to $142 million in cash deposits held by Signature Bank, which was closed by state regulators on Sunday.
Marathon Digital Terminates Credit Facilities with Silvergate Bank
Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations. Marathon announced on Mar. 8 that it had prepaid its outstanding loan balance earlier that day, and would be terminating the revolving line of credit facility between the firms after providing Silvergate Bank with the required 30-day notice in early February. (Cointelegraph)
