Tag: marathon digital holdings

Aug 21 2022

What Did US Lawmakers Ask Miners Core Scientific, Riot, Marathon & Stronghold?

The four biggest US-based mining operations - Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining - got a letter from the House Committee On Energy and Commerce. The Committee wants to know about their energy usage and “how each company is mitigating those impacts and what steps are being taken to ensure their operations do not strain the energy grid...

Jul 06 2022

Will Marathon Digital Join Other Miners In Selling Bitcoin? CEO Weighs In

Marathon Digital is among the few miners to not have sold any of its bitcoin treasury during the latest market crash, but how long will that last?Bitcoin miners have historically sold BTC as they produced it to cover operating costs. But over the past couple of years a “HODL” strategy has permeated the industry as participants have opted to pay off expenses...

May 24 2022

The Performance Cycle Of Public Bitcoin Miners

Using a data-driven approach, it is possible to achieve significant return on investment with bitcoin miners, in both the public and private sectors....

May 04 2022

Bitcoin Miner Marathon Digital Eyes 199,000 Miners, Holds over 9,000 BTC

Marathon Digital Holdings announced its April 2022 mining production updates noting over 9,000 BTC held in reserves and plans for a total mining fleet of 199,000.Marathon Digital Holdings, one of the largest North American bitcoin- miners, released its production and mining operations update for April 2022. Total bitcoin holdings equal 9,673 BTC valued at $377.2 million with YTD production...

May 03 2022

Bitcoin Mining Giants Are Selling Bitcoin Call Options As A New “Yield Farming” Strategy

As Bitcoin (BTC) continues to stay in a period of strong consolidation and correction, Bitcoin miners are now resolving to their own way of "yield farming". Bitcoin mining giants like Marathon Digital and Riot Blockchain often believe in their HODLing strategy for long-term gains. However, times of consolidation or long-term bear cycles could be challenges....

Apr 26 2022

The Current State Of Public Bitcoin Mining

The trend of falling hash price will force weaker miners to unplug, find more efficient energy sources and/or sell off machines or bitcoin holdings.The below is a full, free excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to...

Feb 16 2022

Bitcoin Miners Would Rather Sell-Off Stocks Than BTC

Bitcoin mining has been a profitable venture especially since the price of the digital asset began to surge. But despite the increase in price, miners have continued to choose to hold their coins instead of selling them. Rather, these mining companies have taken to selling stocks to fund their operations. This has continued into the new year as a new report shows that...

Feb 04 2022

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

The public miner’s production last month was down about 4% from the month prior as Marathon’s operations fluctuated.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...

Jan 10 2022

The State Of Bitcoin Mining In Kazakhstan

The industry is filled with uncertainty as unrest spread throughout the country after an energy crisis prompted a series of protests last week.Kazakhstan has taken a toll on the bitcoin mining industry as an energy crisis prompted a series of protests and political instabilities last week. Russia has reportedly sent “peacekeeping forces” to the central Asian country as per the request of...

Jan 03 2022

Marathon Mined 3,197 BTC In 2021, An 846% Increase YoY

Last year was Marathon’s best year to date as the miner increased its hash rate by 1,790%.Marathon mined 3,197 bitcoin in 2021, an 846% increase from the previous year.In December, the company produced 147% more bitcoin than in November.Marathon received over 10,000 new mining rigs from Bitmain during December.Bitcoin mining company Marathon Digital Holdings had a record year in...

Dec 29 2021

Marathon Bought 78,000 Bitcoin Miners For $879 Million

The mining company expects to have 199,000 active machines outputting 23 EH/s by early 2023.Marathon Digital Holdings, a publicly-traded bitcoin mining company, last week announced a “record purchase” of Bitmain ASIC rigs, which according to a Tuesday filing with the Securities and Exchange Commission (SEC) will cost over $879 million and increase the miner’s fleet by 78,000 machines.Marathon had disclosed...

Dec 03 2021

Most Public Bitcoin Miners Are Thriving

Five public miners produced a total of 1,475 bitcoin in November, worth nearly $80 million.The bitcoin mining industry is booming, and public miners are employing all their efforts to increase daily production and refrain from selling. Marathon Digital, Hut 8, Riot Blockchain, Bitfarms, and HIVE produced a combined total of 1,475 BTC in November, worth nearly $80 million at the time of...

Marathon’s Bitcoin Production Fell In November Due To Maintenance Work On Power Plant

The bitcoin miner produced 196 BTC in November, down from 417.7 in the month before.Marathon Digital Holdings mined less bitcoin in November than in the previous month as maintenance and upgrades to its Hardin, Montana, facility led to a reduction in its hashrate capacity. The miner produced 196 BTC last month, while October had yielded 417.7 new coins; Marathon now holds about...

Nov 15 2021

Marathon Digital to Raise $500M in Convertible Notes to Purchase Bitcoin and Bitcoin Miners

Today Marathon Digital Holdings, one of the largest publicly-traded Bitcoin miners in North America, announced a proposed convertible senior notes offering.Today Marathon Digital Holdings, one of the largest publicly-traded Bitcoin miners in North America, announced a proposed convertible senior notes offering. The firm plans to offer $500,000,000 aggregate principal of convertible senior notes due in 2026....

Oct 04 2021

Marathon Shares Bitcoin Production Updates, Secures $100 Million RLOC

The bitcoin miner published its BTC production for September and announced a $100 million revolving line of credit.Marathon Digital Holdings produced 340.6 bitcoin during September and a total of 1,252.4 BTC during Q3 2021, a 91% increase in production quarter-over-quarter.The company now holds 7,035 bitcoin worth approximately $337.7 million at the time of writing.Marathon also...

Sep 02 2021

MaraPool Members Now Have Access To NYDIG Services Tailored For Bitcoin Miners

Marathon's MaraPool will provide its members with seamless access to NYDIG's institutional-grade services through an expanded collaboration.Bitcoin miner Marathon Digital Holdings announced yesterday in a press release a...

Aug 21 2021

Is MIT ChainAnchor Still Relevant? This Bitcoin Technical Expert Thinks So

Why does a seemingly abandoned MIT project from 2016 still matter in 2021? Because MIT ChainAnchor serves as a model for future attacks to the Bitcoin blockchain. A decentralized, permissionless, and uncensorable network is a threat to the status quo. The value and freedom that Bitcoin brings to the world comes at the expense of those who want the population poor, scared, and...

Aug 10 2021

Fidelity Buys 7.4% Stake In Bitcoin Miner Marathon

Mutual fund giant Fidelity has purchased 7.4% of bitcoin mining company Marathon Digital Holdings to be spread across multiple funds. ​Multinational financial services corporation Fidelity Investments purchased a 7.4% stake in Marathon Digital Holdings, a prominent bitcoin mining operator in North America, reported...

Aug 02 2021

Jul 02 2021

Why The China Bitcoin Ban Will Boost Miner Profitability In US

China's recent crackdowns on Bitcoin will boost profitability for US miners like MARA and RIOT, according to B. Riley analyst Lucas Pipes....

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