Marathon Digital Holdings Reports Growth in Bitcoin Production and Hash Rate
Welcome to Extreme Investor Network, where we bring you the latest updates and insights in the world of cryptocurrency and blockchain. Today, we are excited to share with you the recent developments from Marathon Digital Holdings (NASDAQ: MARA).
Marathon Digital Holdings, a leading publicly traded bitcoin miner, has announced a significant increase in its operational metrics for September 2024. Let’s dive into the details of their latest accomplishments.
Key Highlights:
In September 2024, MARA’s energized hash rate grew by 5% to reach 36.9 EH/s, up from 35.2 EH/s in August. The company also saw a 6% rise in block wins, securing 207 blocks compared to 196 in August. The total BTC produced for the month was 705 BTC, showcasing a 5% increase from the previous month.
Fred Thiel, the chairman and CEO of MARA, emphasized the strength of their globally diversified operations, stating, “In September, the strength of our globally diversified operations was evident as we achieved significant uptime and increased our energized hash rate. We are proud to have surpassed a marathon worth of bitcoin HODL in September and currently have almost 27,000 BTC on our balance sheet.”
Progress Towards Future Goals:
MARA is on track to achieve its target of 50 EH/s by the end of 2024. The company is focused on rapidly energizing its owned sites and enhancing operational efficiency. Furthermore, MARA is converting its Granbury data center to immersion containers, with expected completion by the end of the year.
In a move towards environmental transparency and corporate responsibility, MARA has become the first publicly traded digital asset compute company to submit a disclosure to the Climate Disclosure Project (CDP).
Operational Highlights:
Here are some key operational metrics for MARA as of September 30, 2024:
| Metric | 9/30/2024 | 8/31/2024 | % Change |
| Number of Blocks Won | 207 | 196 | 6% |
| BTC Produced | 705 | 673 | 5% |
| Average BTC Produced per Day | 23.5 | 21.7 | 8% |
| Share of Available Miner Rewards | 5.2% | 4.8% | NM |
| Transaction Fees as % of Total | 1.7% | 2.7% | NM |
| Energized Hash Rate (EH/s) | 36.9 | 35.2 | 5% |
As of September 30, 2024, MARA held a total of 26,842 unrestricted BTC and chose not to sell any BTC during the month.
Commitment to Environmental and Corporate Responsibility:
Aside from their operational advancements, MARA has shown a strong commitment to environmental transparency by submitting a disclosure to the Climate Disclosure Project (CDP). This initiative highlights MARA’s dedication to corporate responsibility and sustainability within the digital asset sector.
For more detailed information, we recommend referring to the official announcement from Marathon Digital Holdings.
Stay tuned to Extreme Investor Network for more updates and insights into the evolving world of cryptocurrency, blockchain, and digital assets.