Marathon Digital Energized 25,000 Miners in August, Produced 184 Bitcoins
Business
- 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% today 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
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