Marathon Digital Holdings, a US-based cryptocurrency mining company, shared its monthly statistics. The company produced five times more Bitcoin compared to August 2022, earning 1,072 BTC last month. However, this amount was 9% less than the figure recorded last month.
Officials stated that productivity decreased slightly due to the adverse weather conditions in the country:
“Record temperatures in the state of Texas caused us to temporarily shut down our equipment. “Although we experienced monthly productivity losses, we prevented greater losses.”
Marathon Digital CEO Fred Thiel
Marathon Digital has announced Bitcoin production and equipment updates for August. The company increased its operational hash rate by 2% on a monthly basis to 19.1 EH/s and its installed hash rate by 1% on a monthly basis to 23.1 EH/s. Officials stated that this increase occurred thanks to the new generation S19 XP equipment.
With the latest data, the cryptocurrency miner has reached its first domestic target of 23 EH/s. Marathon now wants to increase its capacity to 30 EH/s.
According to the 2nd quarter balance sheet shared by the Bitcoin miner, its revenue increased by more than 220% compared to the 2nd quarter of 2022. Marathon Digital sold 63% of the BTC tokens it produced in the second quarter of the year to cover operating costs.
