Bitcoin miner Marathon mins 1853 BTC, breaks record

Marathon Digital, one of the US-based Bitcoin mining companies, officially announced that it mined 1853 Bitcoins in December. This figure shows the most BTC the company has issued in 1 month so far.

However, the number of Bitcoins mined was 56% higher than in November and 290% higher than in December last year. In the company's statement on the subject, it was said, "We think that this number corresponds to the highest number of BTC issued by a company that has ever been offered to the public in a month."

Earlier, Core Scientific, another notable mining company, stated that it extracted 1527 BTC per month (January 2023), which is a record. The number of BTC released by Marathon surpasses Core Scientific with 300 BTC.

In the company's information, it was also stated that the number of Bitcoins mined in 2023 was 12,852, and the hash rate increased by 18% to 22.4 exahashes per second.

Share value increased almost 10 times

On Dec. 19, Marathon Digital announced that it would purchase two mining facilities for $179 million and that these facilities would generate 390 megawatts of power.

Marathon shares have increased by more than 250% in the last 3 months. The company's share value, which went down to $3 last year, is now around $26.

Published: January 5, 2024 10:43 am

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