Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for February 2024
Fort Lauderdale, FL, March 05, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (“BTC”) production and miner installation updates for February 2024.
- - Increased BTC Holdings to 16,930 BTC; Total Cash and BTC of $1.5B as of February 29, 2024
Fort Lauderdale, FL, March 05, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (“BTC”) production and miner installation updates for February 2024. - “The operational challenges that commenced in January, continued into February and reduced our operational hash rate and our bitcoin production for the month,” said Fred Thiel, Marathon’s chairman and CEO.
- "Largely due to these maintenance issues, we operated at an average of 61% of our total energized capacity in February.
- "We have also continued to strengthen our balance sheet by increasing our bitcoin holdings to 16,930 BTC and bringing our combined cash and bitcoin to approximately $1.5 billion.