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Cryptocurrency miner Marathon Digital (NASDAQ:MARA) produced 436.1 self-mined bitcoins (BTC-USD) in March, a M/M leap of 21%, in accordance with its operation updates.
Total BTC holdings expanded to 9,373.6 with a good market worth of roughly $427.7M as of April 1.
Cash available was ~$118.5M and whole liquidity, outlined as money and bitcoin (BTC-USD) holdings, was roughly $546.2M.
Received ~5.6K S19 ASIC miners from Bitmain. And its current fleet consisted of 36.83K lively miners producing ~3.9 exahash per second.
It presently holds ~9,373.6 BTC, together with the 4,813 BTC the corporate purchased in Jan. 2021 for a mean worth of $31.16K per token. As of April 1, the honest market worth of its BTC holdings was ~$427.7M.
Furthermore, “to ensure we have a consistent power supply when the renewable sources are operating intermittently, we also needed power to flow from the grid back into the power station at scale,” mentioned Marathon Digital CEO Fred Thiel. “As a result, the major ramp in our deployments did shift by approximately 45 days during the first quarter,” including that “we still believe we are on track to reach 23.3 EH/s by early next year.”
Meanwhile, bitcoin (BTC-USD -1.2%) is altering palms barely decrease at $46.4K Monday night.
Earlier, Marathon Digital’s CEO mentioned his firm is open to being acquired on the proper worth.
