{"id":12142,"date":"2022-01-03T22:42:28","date_gmt":"2022-01-03T22:42:28","guid":{"rendered":"http:\/\/ci0296634fd00026c3"},"modified":"2025-01-29T13:01:47","modified_gmt":"2025-01-29T13:01:47","slug":"2021-bitcoin-miner-marathon-best-year","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/2021-bitcoin-miner-marathon-best-year","title":{"rendered":"Marathon Mined 3,197 BTC In 2021, An 846% Increase YoY"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>Marathon mined 3,197 bitcoin in 2021, an 846% increase from the previous year.<\/li>\n<li>In December, the company produced 147% more bitcoin than in November.<\/li>\n<li>Marathon received over 10,000 new mining rigs from Bitmain during December.<\/li>\n<\/ul>\n<p>Bitcoin mining company Marathon Digital Holdings had a record year in 2021 as it produced over 3,000 bitcoin, up from 338 BTC in the previous year, the company said in a statement Monday. The miner now holds a total of 8,133 BTC worth about $370 million at the time of writing.<\/p>\n<p>Marathon\u2019s monthly production also spiked in December as the miner saw its operations function near total capacity after a previous month marked by <a href=\"https:\/\/bitcoinmagazine.com\/business\/marathon-bitcoin-production-fell-in-november\">maintenance work and upgrades<\/a> in its power plants. The miner produced 417.7 BTC in October, 196 BTC in November, and 484.5 BTC in December.<\/p>\n<p>\u201c2021 was a transformative year for Marathon as we increased our hash rate 1,790% and increased our bitcoin production 846% year-over-year to 3,197 self-mined BTC,\u201d said Fred Thiel, Marathon\u2019s CEO, in a <a href=\"https:\/\/www.globenewswire.com\/en\/news-release\/2022\/01\/03\/2360293\/0\/en\/Marathon-Digital-Holdings-Announces-Bitcoin-Production-and-Mining-Operation-Updates-for-December-2021.html\" target=\"_blank\" rel=\"noopener\">statement<\/a>. \u201cWe finished the year with our most productive month to date, producing 484.5 bitcoin in December and 1,098 bitcoin in the fourth quarter.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/image-19.png\" title=\"\"><\/figure>\n<p>Marathon said it deployed 30,391 <a href=\"https:\/\/bitcoinmagazine.com\/guides\/bitcoin-mining\">bitcoin mining<\/a> machines last year to increase its hash rate capacity from 0.2 exahashes per second (EH\/s) in January to 3.5 EH\/s in December. The company also <a href=\"https:\/\/bitcoinmagazine.com\/business\/bitcoin-miner-marathon-expands-compute-north-hosting-deal-to-over-100000-rigs\">expanded<\/a> a hosting agreement with Compute North to accommodate 100,000 miners, an extra 30,000 rigs from the original deal. Marathon said its mining fleet currently consists of 32,350 active machines.<\/p>\n<p>In December, Marathon <a href=\"https:\/\/bitcoinmagazine.com\/business\/marathon-bought-78000-bitcoin-miners-for-879-million\">announced<\/a> a stellar $879 million purchase of 78,000 bitcoin mining rigs from Bitmain in a push to reach over 23 EH\/s of hash rate capacity by the end of next year. As per the purchase agreement\u2019s terms, the company will receive 13,000 machines per month between July and December 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year was Marathon\u2019s best year to date as the miner increased its hash rate by 1,790%.<\/p>\n","protected":false},"author":2572,"featured_media":5793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[564,136,384],"class_list":{"0":"post-12142","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin-miner","9":"tag-btc","10":"tag-marathon-digital-holdings"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/mining.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/12142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=12142"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/12142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/5793"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=12142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=12142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=12142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}