According to The Block, cryptocurrency mining company Marathon Digital plans to increase its computing power to 50 EH/s by the end of 2024, which is double the amount at the beginning of the year. Starting in 2024, the total computing power of its mining facilities will be approximately 24.7 EH/s. Marathon initially planned to increase its computing power by about 46% by the end of the year, with a target of 35-37 EH/s. Due to recent acquisitions and an increase in machine orders and production capacity, the company now expects its business to expand and reach a full hash rate of approximately 50 EH/s by the end of 2024.

Marathon Digital Holdings, Inc. released unaudited information on Bitcoin production and miner installation updates for January 2024. 1,084 BTC were produced in January, a 42% decrease from December of last year.

Marathon Digital, a Bitcoin mining company, announced updates on its Bitcoin production and mining operations in December. The company produced 1,853 BTC in December, worth about $81.2 million. Marathon has produced a total of 12,852 BTC (worth $563.4 million) by 2023, more than double the mining output of 4,144 BTC in 2022. As of December 31, 2023, Marathon holds over 15,000 BTC.

Cryptocurrency mining company Marathon Digital (MARA.O) announced that it plans to sell some of its bitcoin assets in the near future to support monthly operations and manage finances. <br>

Marathon Digital Holdings, Inc. has reached a final acquisition agreement with Generate Capital and a subsidiary of PBC to acquire two currently operational Bitcoin mining facilities with a total capacity of 390 megawatts for a total of $178.6 million, which will be paid in cash from Marathon's balance sheet.

The October Bitcoin production update for Marathon Digital Holdings is as follows: 1,202 BTC were produced in October 2023, and 9,812 BTC have been produced year-to-date. As of October 31st, Marathon holds a total of 13,396 unrestricted BTC. The cash and cash equivalents on the company's balance sheet are $156.1 million. Compared to the previous month, the total balance of unrestricted cash, cash equivalents, and Bitcoin has increased from $471.3 million to $620.4 million.

Marathon Digital has started mining Bitcoin using methane gas extracted from a landfill in Utah. The 280-kW off-grid pilot project is a collaboration between Marathon and Nodal Power, which raised $13 million in a seed round in August to operate two sites, one of which includes a data center. If successful, Marathon plans to expand its footprint in this area and help landfill operators meet their environmental targets. Other Bitcoin miners, such as Genesis Digital Assets Limited, are also seeking new green generating solutions.

Marathon Digital Holdings announced on X platform that it has launched a 200-megawatt immersive cooling Bitcoin mining center in Masdar City, Abu Dhabi in partnership with Zero Two. The company stated that it will further develop digital asset infrastructure in Abu Dhabi.

On October 27th, Marathon Digital, a Bitcoin mining company, submitted a FORM S-3 form to the US Securities and Exchange Commission (SEC), planning to raise up to $750 million through a mixed equity offering. Marathon Digital stated that we may from time to time, in one or more offerings, sell common stock, preferred stock, warrants, units or combinations of these securities, at prices and on terms determined at the time of each offering, to raise up to $750 million in total initial offering amount.

According to CoinDesk, Bitcoin mining company Marathon Digital (MARA) will store some of its digital assets through Fidelity Digital Asset and add a second custody partner to achieve diversification. Marathon Digital stated in a statement on Wednesday: "Historically, Marathon has always stored all bitcoins with one provider." The company added: "As part of its broader financial management strategy, it has added a new enterprise-level custodian as its second custodian." Marathon Digital said that it may further expand and add more custodians. As of September 30th, the company owned 13,726 bitcoins and produced over 1,000 bitcoins per month, so "we believe now is a good time to achieve bitcoin custody diversification among multiple custodians," said Marathon CFO Salman Khan in a statement.