Marathon Digital Bitcoin Generation Increased 66% in July
4 d ago•1 min read•Bitcoin
Marathon Digital Holdings generated 442.2 new bitcoins during July, up from 265.6 in June.
It now has total holdings of about 6,226 bitcoins with a market value of $260.7 million. The Las Vegas-based company said it has produced 1,288.3 bitcoins this year through Aug. 1. Marathon reported cash on hand of $91.9 million and total liquidity, defined as cash and bitcoin holdings, approximately $352.6 million. The company said it has received 19,401 S19 Pro ASIC miners from Bitmain this year, with another 4,287 on the way. Its mining fleet now consists of 19,395 active miners producing 2.09 EH/s. On Sunday, the firm announced it had purchased 30,000 S19j Pro miners from Bitmain. Once all miners are deployed this is expected to increase Marathon’s mining operations to 133,000 miners producing approximately 13.3 EH/s.