Marathon Digital Ramps up Bitcoin Mining Goals, Targets 50 EH/s Hash Rate for 2024
Submitted by Anonymous (not verified) on Fri, 04/26/2024 - 08:10

Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the rep

As Bitcoin rises past $60k, Marathon Digital has revealed that they're working on a Bitcoin L2 to help devs create multiple sidechains.
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs.
The miner is expected to report a "strong acceleration in Q/Q revenue growth" due to a rally in bitcoin prices, said a Jefferies analyst.
The new offering will expedite the process of large and non-standard transactions.
Bitcoin climbed over $46,000 for the first time in nearly a month early Friday, extending its gain for the week to nearly 10%.
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