Bitcoin miner MarathonDH energized 25k miners last month and produced 184 bitcoin. mikeybellusci reports
in August, adding about 2.5 exahash per second in computing power and bringing total hashrate to roughly 3.2 EH/s.
The company produced 184 bitcoin in August, bringing the year-to-date total to 2,222. Month-end bitcoin holdings rose to 10,311 with a fair market value of $206.7 million. No coins were sold during the month. Marathon sees about 65,000 additional miners, or 6.9 EH/s of capacity, being brought online over the next 90 days.
Energization delays along with weather-related issues had caused bitcoin mining production to fall to 707 in the second quarter from 1,259 in the previous three months. Marathon shares fell 2.3% today alongside a slide in the price of bitcoin to below $19,000. The stock's little-changed in after hours action.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Commentary on Marathon Digital Holding's Q2'22 EarningsBusiness Overview Marathon Digital is a U.S.-based Bitcoin miner that purchases hardware miners and partners with 3rd party hosting providers to deploy
Read more »
Core Scientific Sold Over 1,100 BTC in August for $26 MillionUS crypto miner Core Scientific produced 1,334 BTC in August and sold 1,125 BTC of that amount for around $26 million.
Read more »
Iran Starts Licensing Crypto Miners Under New Regulatory Framework – Regulation Bitcoin NewsIran has reportedly resumed issuing licenses to crypto miners after the government approved a set of cryptocurrency regulations.
Read more »
Report: Saudi Arabia's Central Bank Hires Virtual Assets and Digital Currency Program Lead – Regulation Bitcoin NewsThe appointment of Al Zahrani suggests that the country, which banned crypto just over four years ago, has changed its stance toward cryptocurrencies. virtualassets regulation
Read more »
Miner Sent 4400 BTC to Binance: 4th Biggest Transaction in Last Two MonthsA miner sent 4,400 BTC to Binance recently, completing the fourth largest miner-to-exchange transaction in the last two months.
Read more »
Bitcoin at $20,000 Likely to Be False Bottom: Peter SchiffVocal Bitcoin opponent Peter Schiff issues yet another warning to Bitcoin holders, telling them to 'abandon the sinking ship'
Read more »