Marathon Mined 462 Bitcoin In January, Holds 8,595 BTC Today


Public bitcoin miner Marathon Digital Holdings scooped over 462.1 new bitcoin in January, down from 484.5 BTC mined in the previous month as it faced a double-digit increase in Bitcoin’s hashrate and operational fluctuations in its Hardin, Montana, facility, the company said in a Friday statement. The miner now holds approximately 8,595 BTC with a fair market value of approximately $330.6 million.

Year-over-year, however, Marathon’s production increased by about 816%, a result of the miner’s relentless search for increased hashrate capacity and power hosting agreements. The company said it had received over 93,000 bitcoin mining rigs from Bitmain, 32,710 of which are up and running in its mining farms as it works to containerize thousands of machines to deploy at Compute North’s facilities.

Read More:   Record Mining Difficulty Shows Industry Growth Despite Bitcoin Bear Market Today

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