Share this article
Marathon Digital Energized 25,000 Miners in August, Produced 184 Bitcoins
The company had previously faced issues of mining rigs installed, but with no energy service.
Updated May 11, 2023, 6:51 p.m. Published Sep 6, 2022, 9:55 p.m.
Make us preferred on Google
Bitcoin miner Marathon Digital (MARA) said it energized about 25,000 previously installed miners in August, adding about 2.5 exahash per second (EH/s) in computing power and bringing total hashrate to roughly 3.2 EH/s.
- The company produced 184 bitcoin (BTC) in August, bringing the year-to-date total to 2,222. Month-end bitcoin holdings rose to 10,311 with a fair market value of $206.7 million. No coins were sold during the month.
- Marathon sees about 65,000 additional miners, or 6.9 EH/s of capacity, being brought online over the next 90 days.
- Energization delays along with weather-related issues had caused bitcoin mining production to fall to 707 in the second quarter from 1,259 in the previous three months.
- Marathon shares fell 2.3% alongside a slide in the price of bitcoin to below $19,000. The stock's little-changed in after hours action.
Read more: Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
More For You
Recapping Consensus Hong Kong
Crypto's role in payments for AI, regulatory changes and the digital asset market dominated conversations on the ground.
What to know:
- Speakers at CoinDesk's Consensus Hong Kong conference said crypto and stablecoins are likely to become the default payment tools for autonomous AI agents in an emerging "machine economy."
- Market participants warned that bitcoin, which has already dropped nearly $30,000 in a month, may fall further, with $50,000 seen as the level to watch.
- Hong Kong regulators are pressing ahead with crypto rules even as others wait to see how U.S. legislation develops.
Top Stories
