CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Announces December 2022 BTC Production, Mining Operation Updates
Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, today released unaudited bitcoin (“BTC”) production and miner installation updates for December 2022. “In 2022, we made significant progress in increasing our hash rate while also transitioning to more sustainable power sources,” said Fred Thiel, Marathon’s chairman and CEO. “Despite challenges earlier in the year, we doubled our hash rate to 7.0 exahashes per second year-over-year, with a majority of it now located at the King Mountain wind farm in West Texas. We finished the year with one of our most productive quarters to date, producing 1,562 bitcoin in the fourth quarter… In December, we expanded our agreement with Applied Digital to deploy roughly 12,000 S19 XPs, which are approximately 30% more energy efficient than the prior generation of servers, at their Jamestown facility in North Dakota… We also took proactive measures to strengthen our liquidity position and enhance the performance of our mining fleet.”
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About Marathon Digital Holdings Inc.
Marathon is a digital asset technology company that focuses on supporting and securing the bitcoin ecosystem. The company is currently in the process of becoming one of the largest and most sustainably powered bitcoin mining operations in North America, while remaining asset light. For more information about the company, visit www.MarathonDH.com.
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