Marathon Digital

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for February 2024

Retrieved on: 
Tuesday, March 5, 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.

Key Points: 
  • - 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.

DMG Blockchain Solutions Reiterates Leadership in Bitcoin Blockchain Services

Retrieved on: 
Friday, March 1, 2024

VANCOUVER, British Columbia, Feb. 29, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, reiterates its technology leadership position for non-standard Bitcoin transactions, having been the first to perform the ordinal inscription of a large digital art collection with 535 DeGods ordinals on February 13, 2023 in Bitcoin block 776508 , which was mined by Terra Pool, DMG’s carbon neutral pool.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 29, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, reiterates its technology leadership position for non-standard Bitcoin transactions, having been the first to perform the ordinal inscription of a large digital art collection with 535 DeGods ordinals on February 13, 2023 in Bitcoin block 776508 , which was mined by Terra Pool, DMG’s carbon neutral pool.
  • Because it is the only publicly traded Bitcoin mining company that operates its own mining pool, Marathon is also the only known publicly traded Bitcoin miner currently capable of offering such services.” DMG, which is also a publicly traded Bitcoin mining company, has been offering similar services for over a year, as it has its own pool, Terra Pool, which is powered by carbon neutral energy.
  • DMG publicly announced on February 15, 2023 that it had utilized its Petra technology for performing several transactions.
  • Subsequently, on March 2, 2023, DMG announced it was leading the Bitcoin industry having utilized its Petra technology to be among the first to place carbon neutral large ordinal transactions (i.e.

Marathon Digital Holdings Reports Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024

Fort Lauderdale, FL, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, reported its financial and operational results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • The Company sold 74% of the total bitcoin it produced in 2023 to fund operating costs.
  • Fiscal year 2022 results were also impacted by an $85.0 million loss on digital assets held within the investment fund, partially offset by an $83.9 million gain on sale of equipment, both of which were absent in fiscal year 2023.
  • Gains on digital assets were $331.5 million in 2023, compared to a loss on digital assets of $14.5 million in 2022.
  • Marathon Digital Holdings will hold a webcast and conference call today, February 28, at 5:00 p.m. Eastern time to discuss its financial results for the quarter ended December 31, 2023.

Marathon Digital Holdings Introduces Anduro, a New Multi-Chain Bitcoin Layer-Two Network

Retrieved on: 
Wednesday, February 28, 2024

Fort Lauderdale, FL, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today revealed Anduro, a new multi-chain layer-two network on Bitcoin aimed at accelerating Bitcoin development and adoption.

Key Points: 
  • New Bitcoin Layer-Two Network Designed To Expand Bitcoin’s Functionality, Spark Innovation, and Encourage Adoption
    Fort Lauderdale, FL, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today revealed Anduro , a new multi-chain layer-two network on Bitcoin aimed at accelerating Bitcoin development and adoption.
  • To encourage Bitcoin development and adoption, Marathon has been incubating Anduro, a new programmable layer-two network on Bitcoin.
  • Anduro is a platform built on the Bitcoin network that allows for the creation of multiple sidechains, providing a new avenue for innovation within the Bitcoin ecosystem.
  • The network is designed to systematically integrate decentralized governance, with a focus on becoming the most reliable, developer-centric Bitcoin layer-two.

Marathon Digital Holdings Launches Slipstream

Retrieved on: 
Thursday, February 22, 2024

Fort Lauderdale, FL, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, has launched Slipstream, a direct Bitcoin transaction submission service designed to streamline confirmations of large or non-standard Bitcoin transactions.

Key Points: 
  • Fort Lauderdale, FL, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, has launched Slipstream , a direct Bitcoin transaction submission service designed to streamline confirmations of large or non-standard Bitcoin transactions.
  • To encourage experimentation and development on Bitcoin and to enable and expedite the processing of large or complex transactions that comply with Bitcoin’s protocol, Marathon has launched Slipstream.
  • Slipstream is a direct transaction submission service on Bitcoin that is powered by Marathon and made possible by the Company’s proprietary mining pool, MARA Pool.
  • With Slipstream, users can directly submit their transactions to Marathon.

OrdinalsBot Mints Full BRC-20 Token Supply in a Single Bitcoin Transaction with Marathon Digital Holdings

Retrieved on: 
Saturday, February 24, 2024

OrdinalsBot , a premier technology infrastructure company which provides API solutions for Bitcoin Ordinals and BRC-20s, has minted the full supply of a BRC-20 token in a single Bitcoin transaction via Slipstream, a new service launched by Marathon Digital Holdings (NASDAQ: MARA).

Key Points: 
  • OrdinalsBot , a premier technology infrastructure company which provides API solutions for Bitcoin Ordinals and BRC-20s, has minted the full supply of a BRC-20 token in a single Bitcoin transaction via Slipstream, a new service launched by Marathon Digital Holdings (NASDAQ: MARA).
  • This Bitcoin block represents a historical moment for the industry, being the first full supply of a BRC-20 token to be minted in a single transaction.
  • This historic block is the first full supply of a BRC-20 token minted in a single transaction, showcasing the potential for a more dynamic Bitcoin blockchain.
  • Jullian Duran, product lead at Marathon Digital Holdings, said, “OrdinalsBot are leaders in the space who are working to innovate Bitcoin transacting.

Washington D.C. to Showcase African Energy Opportunities to U.S Investors at the 9th Powering Africa Summit (PAS24) this March

Retrieved on: 
Wednesday, February 21, 2024

LONDON, Feb. 21, 2024 /PRNewswire/ -- Government stakeholders, institutional investors, private financiers, service, and technology providers from across the U.S. will meet in Washington D.C. this March to explore new opportunities on the continent. They will unite with ministers and government participants from over 15 African countries, under the summit's theme: Capital Flows Underpinning the Energy Transition.

Key Points: 
  • They will unite with ministers and government participants from over 15 African countries, under the summit's theme: Capital Flows Underpinning the Energy Transition.
  • Ministers and government officials from across Africa will be seeking investment for their energy projects.
  • U.S.-based investors, meanwhile, will be exposed to new opportunities across Africa, ensuring the continent receives the right level and model of finance needed for those projects.
  • Summit sponsor and PAS24 co-host, Power Africa will help to drive much of the collaborative discussion.

Marathon Digital Holdings Schedules Conference Call for Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, February 14, 2024

Fort Lauderdale, FL, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, will hold a webcast and conference call on Wednesday, February 28, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2023. Financial results will be published in a press release prior to the call and available on the investor relations section of the Company’s website.

Key Points: 
  • ET
    Fort Lauderdale, FL, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, will hold a webcast and conference call on Wednesday, February 28, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Financial results will be published in a press release prior to the call and available on the investor relations section of the Company’s website .
  • To register to participate in the conference call or to listen to the live audio webcast, please use this link .
  • The webcast will also be broadcast live and available for replay via the investor relations section of the Company’s website .

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for January 2024

Retrieved on: 
Monday, February 5, 2024

BTC Holdings 15,741 and Total Cash & BTC of $1.0B as of January 31, 2024

Key Points: 
  • BTC Holdings 15,741 and Total Cash & BTC of $1.0B as of January 31, 2024
    Fort Lauderdale, FL, Feb. 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 January 2024.
  • “These disruptions included weather-related curtailment and equipment failures that led to site outages and reduced our average operational hash rate 14% to 19.3 exahash in January.
  • Additionally, total network rewards decreased 14% month-over-month as transaction fees, which spiked in the prior month and represented 22% of our overall production in December, declined to 11% of our overall production in January.
  • This deployment now has 2,100 miners, or 0.3 exahash, operational, and we continue to expect the full 1.1 exahash to be online in Q2 2024.

Hut 8 concluding managed services at Kearney, Nebraska and Granbury, Texas in Q2

Retrieved on: 
Friday, February 2, 2024

MIAMI, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), one of North America’s largest, innovation-focused digital asset mining pioneers, and high-performance computing infrastructure provider has negotiated an agreement with the new owners of two of Hut 8’s managed services sites – Charlie in Kearney, Nebraska, and Delta in Granbury, Texas – which includes a $13,568,000 payment made to Hut 8 in connection with the termination of the property management agreements at the two sites.

Key Points: 
  • MIAMI, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), one of North America’s largest, innovation-focused digital asset mining pioneers, and high-performance computing infrastructure provider has negotiated an agreement with the new owners of two of Hut 8’s managed services sites – Charlie in Kearney, Nebraska, and Delta in Granbury, Texas – which includes a $13,568,000 payment made to Hut 8 in connection with the termination of the property management agreements at the two sites.
  • “We are very proud of the work we’ve done since taking over management at the Kearney and Granbury sites and want to recognize the incredible talent and dedication our teams on the ground have demonstrated for more than a year,” said Asher Genoot, President of Hut 8.
  • “We anticipate an orderly transition of operations in the coming months and look forward to providing updates about our future plans as we are able to.”
    Under the termination agreement signed January 30, 2024 with Marathon Digital Holdings, Hut 8 will continue to provide managed services and conduct self-mining activities at the Charlie and Delta sites through April 30, 2024.
  • The termination fee will be paid within 30 days of the termination date.