Bullish news in Bitcoin (BTC): Mining activity broke a record
Bitcoin mining companies Marathon Digital and Riot Platforms reached their highest monthly BTC production figure since the last halving.
Bitcoin mining companies Marathon Digital and Riot Platforms reached their highest monthly BTC production figure since the last halving.
Marathon Digital Holdings, a US-based cryptocurrency and Bitcoin mining company, shared its monthly statistics.
Marathon continues to pull away from the former leader, Core Scientific.
The spike in bitcoin mining is likely due to its mining machines producing at higher capacity than April.
Bitcoin mining company Marathon Digital generated $35 million worth of BTC last month.
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Bitcoin miner Marathon Digital has announced that it will collaborate with Zero Two.
Mining company Marathon broke its own record in March, extracting 850 Bitcoins (BTC) worth about $24 million.
The news of separation from Galaxy Digital, one of the largest Bitcoin mining companies in the world, came.
Marathon Digital said in a statement that it had access to its funds held at Signature Bank.
It's the second consecutive monthly sale for the company, which before 2023 hadn't sold any of its holdings.
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In its monthly update, the company also disclosed additions to its bitcoin stack and the payoff of some debt.
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