Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1
Bitcoin (BTC) mining firm Marathon Digital reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million. Marathon explained in an April 3 update that the 2,195 mined BTC is a 74% increase from the first quarter of last year and a 41% increase from Q4 2022. It comes on the back of the miner increasing its operational hash rate by 195% from Q1 2022. Marathon also recorded a monthly record of 825 BTC mined in March — currently valued at around $23.3 million — and marked a 21% production increase from February. $ MARAs March Production Update is here: - Aumentó #Bitcoin Production 21% MoM – Produced a Record 825 BTC in March 23 – Produced a Record 2,195 BTC in Q1 23 – Increased Hash Rate 64% in Q1 23 (11.5 EH/s) – Reported Unrestricted Cash and Cash Equiv. of $124.9M – Increased… — Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) 3 de abril de 2023 In a statement, chief executive Fred Thiel said Marathon made “notable progress” on executing its two primary initiatives for 2023 — to energize its previously purchased mining rigs to reach 23 exahashes by the end of the second quarter and to optimize performance. The firm is now exactly