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Marathon Mined 3,197 BTC In 2021, An 846% Expand YoY

Marathon Mined 3,197 BTC In 2021, An 846% Expand YoY

Final year changed into Marathon’s perfect year up to now as the miner increased its hash rate by 1,790%.

Final year changed into Marathon’s perfect year up to now as the miner increased its hash rate by 1,790%.

  • Marathon mined 3,197 bitcoin in 2021, an 846% possess bigger from the old year.
  • In December, the company produced 147% more bitcoin than in November.
  • Marathon obtained over 10,000 unique mining rigs from Bitmain all the plot by plot of December.

Bitcoin mining company Marathon Digital Holdings had a file year in 2021 as it produced over 3,000 bitcoin, up from 338 BTC within the old year, the company acknowledged in a press free up Monday. The miner now holds a entire of 8,133 BTC price about $370 million at the time of writing.

Marathon’s monthly production moreover spiked in December as the miner seen its operations characteristic attain entire capacity after a old month marked by repairs work and upgrades in its vitality vegetation. The miner produced 417.7 BTC in October, 196 BTC in November, and 484.5 BTC in December.

“2021 changed into a transformative year for Marathon as we increased our hash rate 1,790% and increased our bitcoin production 846% year-over-year to three,197 self-mined BTC,” acknowledged Fred Thiel, Marathon’s CEO, in a assertion. “We carried out the year with our perfect month up to now, producing 484.5 bitcoin in December and 1,098 bitcoin within the fourth quarter.”

Marathon’s monthly production of self-mined bitcoin and the total Bitcoin network hash rate. Source: Marathon Digital Holdings.

Marathon’s monthly production of self-mined bitcoin and the final Bitcoin community hash rate. Offer: Marathon Digital Holdings.

Marathon acknowledged it deployed 30,391 bitcoin mining machines final year to attain bigger its hash rate capacity from 0.2 exahashes per 2d (EH/s) in January to three.5 EH/s in December. The company moreover expanded an web web hosting agreement with Compute North to accommodate 100,000 miners, an additional 30,000 rigs from the new deal. Marathon acknowledged its mining fleet within the interim contains 32,350 active machines.

In December, Marathon announced a stellar $879 million rob of 78,000 bitcoin mining rigs from Bitmain in a push to save numerous over 23 EH/s of hash rate capacity by the cease of next year. As per the rob agreement’s terms, the company will receive 13,000 machines per month between July and December 2022.

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