Bitcoin Miner Marathon Is HODLing All the BTC Generated Over the Past Year

2021-11-3 19:08

Bitcoin miner Marathon Digital Holdings increased its cryptocurrency production by 23% to 417.7 BTC in October, bringing its total Bitcoin holdings to 7,453 BTC, worth $457.4 million.

The company's total Bitcoin Holdings also include the 4,812.66 BTC that it purchased in January this year at an average price of $31,168 per BTC. As of November 1, the company also had $20.9 mln cash on hand.

Marathon reported that ever since selling Bitcoin on Oct. 21, 2020, it only has been accumulating all the BTC it generated.

In its mining operation update for October, Marathon said it received about 42,381 top-tier ASIC miners from Bitmain so far this year, and an additional 3,285 ASIC miners are currently in transit. The company still anticipates all previously purchased miners to be delivered by mid-2022.

12,331 ASIC miners were delivered to a Compute North facility and 30,050 to its mining facility in Hardin, MT.

Last month, Marathon also began chartering planes to mitigate the impact of global logistics issues and to ensure that shipments of new miners occur in a timely manner, said the company. This helped decrease the average time for mining machines to be shipped and delivered by 50% in October from the prior month, it added.

The company now has deployed a mining fleet consisting of 27,280 active miners producing approximately 2.96 EH/s. Once all miners are fully installed, the mining fleet is expected to consist of approximately 133,000 miners, generating approximately 13.3 EH/s.

Its bitcoin mining pool, MaraPool’s total hash rate meanwhile reached 3.0 ETH/s.

“Given the number of miners expected to ship and the steps we have taken to prepare for their deployment, we believe that the fourth quarter will be a transformative time for our business, and we look forward to continuing to scale our mining operations,” said Fred Thiel, Marathon’s CEO

Bitcoin/USD BTCUSD 62,881.9298 -$521.92 -0.83% Volume 36.45 b Change -$521.92 Open$62,881.9298 Circulating 18.86 m Market Cap 1.19 t baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD"); The post Bitcoin Miner Marathon Is HODLing All the BTC Generated Over the Past Year first appeared on BitcoinExchangeGuide.

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btc marathon → Результатов: 36


Marathon’s Bitcoin Holdings Grew Over 7k, Secures $100M Revolving Line of Credit with Silvergate Bank in BTC & USD

Crypto miner Hive reported HODLing 25,000 ETH and 1,030 BTC. It generated 221 BTC and 2,572 Ether in September, while Marathon minted 240.6 new BTC in the same month. The post Marathon’s Bitcoin Holdings Grew Over 7k, Secures 0M Revolving Line of Credit with Silvergate Bank in BTC & USD first appeared on BitcoinExchangeGuide.

2021-10-4 20:29


Marathon увеличила производство биткоина на 17% в июне

В июне американская майнинговая компания Marathon Digital Holdings сгенерировала 265,6 BTC, что на 17% больше показателя в мае. Согласно пресс-релизу, фирма из Лас-Вгеаса владеет 5784 BTC на сумму около $201,6 млн, включая купленные в январе 4182 BTC на $150 млн.

2021-7-4 10:22


Резервы компании Marathon в биткоине выросли до 5134 BTC

В первом квартале 2021 года американская майнинговая компания Marathon Digital Holdings добыла 196 BTC. Общий объем активов фирмы в первой криптовалюте достиг 5134,2 BTC стоимостью около $301 млн. В январе Marathon выделила на покупку первой криптовалюты $150 млн из резервов.

2021-4-7 16:54


Фото:

Marathon Patent Group Buys $150 Million Worth of Bitcoin as a Reserve Asset

Marathon Patent Group announced Monday that it bought 4,813 bitcoins in a deal worth $150 million. The firm joins the growing list of publicly listed companies holding bitcoin in their treasuries. Merrick Okamoto, chairman and chief executive officer of Marathon, said the Nasdaq firm is buying bitcoin (BTC) as a reserve asset. “We…believe that holding […]

2021-1-26 10:30


Компания Marathon инвестировала в биткоин $150 млн

Котирующаяся на Nasdaq майнинговая компания Marathon Patent Group выделила $150 млн из резервов на покупку первой криптовалюты, пишет The Block. По словам главы компании Меррика Окамото, 21 января она приобрела 4813 BTC через управляющего криптовалютными фондами New York Digital Investment Group (NYDIG).

2021-1-25 17:20