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Marathon Digital Doubles Hash Rate Growth, Outpacing Competitors in 2023

According to production reports, Marathon Digital has experienced significant hash rate growth this year, surpassing many of its publicly traded competitors. The Florida-based company has more than doubled its deployed fleet in the last six months, reaching an operational hash rate of 17.7 EH/s. Marathon plans to reach 23 EH/s by mid-year, with the final building in Ellendale expected to come online this month. Other notable public mining companies have not experienced the same level of growth, with Core Scientific reporting a self-mining hash rate of 15 EH/s at the end of June and Hut 8 Mining only experiencing a slight increase in hash rate capacity.

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