Marathon DigitalHoldings,theworld’slargest Bitcoin miningfirm,retained all its Bitcoin holdings inJune,focusing on strengthening its reserves and operationalgrowth.
Points
- MarathonDigitaldidnotsellanyBitcoininJune.
- ThecompanyaimstoincreaseitsBitcoinyieldthroughmarketpurchases.
- MarathonDigitaldoubleditsoperationalhashrate,aimingfor50EH/sbytheendof2024.
Marathon DigitalHoldings,the largest Bitcoin mining firmglobally,made headlines by not selling any of its Bitcoin holdings inJune.The company aims to continue strengthening its Bitcoin reserves through open market purchases and other strategies to increase its Bitcoinyield.
“MARAopted not to sell any bitcoin inJune.The Company still intends to sell a portion of its bitcoin holdings in future periods to support monthlyoperations,manage itstreasury,and for general corporatepurposes.”
MarathonDigitalDoublesItsOperationalHashRate
Marathon Digital has significantly increased its operational hashrate,reaching26.3exahashes per second（EH/s）inJune,ayear-over-yeardoubling.This growth is primarily due to operational improvements at the Ellendalefacility,which became fully operational at the beginning ofJuly,as stated by FredThiel,CEO and chairman of MarathonDigital.
“Ourproprietary mining pooloutperformed,capturing158blocks during themonth,a10%increase over lastyear.”
Thecompany’sexpansion aligns with its goal of achieving50EH/sby the end of2024.
“Domestically,our team continues to optimize our recently acquired sites with immersion cooling technology and the latest generationhardware.With these advancements and the expansion of ourfleet,we remain on track to reach our target of50EH/sby the end of thisyear.”