Marathon mining company has mined a record number of bitcoins
In the first quarter of 2022, the number of coins mined amounted to 1259 BTC
06.04.2022 - 09:40
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What’s new? US mining company Marathon Digital Holdings has reported mining a record number of bitcoins. It mined a total of 1259 BTC ($56,93 million at the exchange rate on April 6) in the first quarter of 2022.
What other data is given in the report? The number of coins mined compared to the same period last year was up 566%, and compared to the fourth quarter it was up 15%. Marathon has a total of 9374 coins on its account and a total fleet of more than 36 800 devices. The company’s immediate plans include deploying 199 000 miners and increasing the hashrate to 23,3 EH/s by early 2023, as well as achieving carbon neutrality by the end of 2022.
What had happened before? Last October, the company published a press release with current figures and plans for the near future. According to this data, the company managed to increase bitcoin production by 91% in the third quarter of 2021. Marathon also reported the successful opening of a $100 million line of credit with Silvergate Bank to purchase new miners.
Marathon Digital Holdings is one of the largest bitcoin mining companies in the United States. It is a publicly traded company on the NASDAQ stock exchange under the ticker MARA.
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