2021-11-4 21:40 |
The mining firm said it expects its fleet of 133,000 miners to produce a hash rate of roughly 13.3 EH/s by 2023.
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Marathon Digital's significant Bitcoin accumulation underscores the growing influence of institutional investors in the cryptocurrency market. The post Marathon Digital adds over 5,000 Bitcoin in a month, holdings now worth $1.5 billion appeared first on Crypto Briefing.
Marathon Digital Holdings, Inc. (NASDAQ: MARA), the world’s largest public listed Bitcoin miner with a market cap of more than $5 billion, has announced a strategic financial initiative to bolster its Bitcoin holdings through the issuance of $250 million in convertible senior notes.
Bitcoin mining behemoth, Marathon Digital has made headlines by investing a staggering $100 million in BTC. This substantial investment comes despite BTC’s previous price drops, underscoring the mining giant’s confidence in the long term potential of the pioneer cryptocurrency.
Bitcoin miner Marathon Digital is diversifying its revenue by mining Kaspa, a proof-of-work (PoW) layer 1 blockchain network. The miner said it became interested in Kaspa in May 2023 when its internal analysis revealed diversifying opportunities beyond Bitcoin mining.
Quick Take Recent data from Farside indicates a slight resurgence in Bitcoin (BTC) exchange-traded funds (ETFs), with a further inflow of $21. 4 million on June 26. This marks consecutive days of positive inflows for these ETFs, suggesting renewed investor interest.
Bitcoin mining company Marathon Digital (MARA) is basking in the glow of a successful week, with its stock price surging after inclusion in the prestigious S&P SmallCap 600 index and the announcement of a performance-based executive bonus plan.
As Bitcoin rises past $60k, Marathon Digital has revealed that they're working on a Bitcoin L2 to help devs create multiple sidechains.