2024-3-16 22:59 |
Marathon Digital Holdings CEO Fred Thiel predicts that the break-even point for Bitcoin mining will climb to about $43,000 following the upcoming halving event.
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Despite the sale, Nasdaq-listed miner Marathon continues to hold one of the largest public bitcoin treasuries in the world.
Marathon Digital’s bitcoin production and mining operation updates for January 2023 show the company produced a record 687 BTC last month, representing a 45% increase compared to the previous month. Marathon sold off 1,500 BTC during the same period to…
Miners are starting to get strapped for cash and need a boost since BTC has dropped in price since November, and revenue has fallen even further due to increased competition.
Last year was Marathon’s best year to date as the miner increased its hash rate by 1,790%.