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

378

2 min

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.

Source: Twitter.com

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.

Author: