Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Seeking Alpha 2022-06-09 20:46:26

Marathon Digital's total bitcoin holdings increased to 9,941 BTC as of June 1

Marathon Digital (NASDAQ:MARA) posted total bitcoin holdings of 9,941 BTC as of June 1, 2022 with a fair market value of $315.1M; this is in comparison to 9,673 BTC as of May 1. YTD, Marathon's mining fleet has produced 1,826 bitcoin (+214% Y/Y). Total number of miners installed rose to 19,000 miners at various locations in Texas, representing ~1.9 EH/s in containers. Operating mining fleet consists of 36,830 active miners producing ~3.9 EH/s as of June 1. During May 2022, the company produced 268 self-mined bitcoin compared to 299 in April due to ongoing maintenance and downtime at the power plant in Hardin, MT. Cash on hand stood at ~$59.6M and total liquidity, now defined as cash and available credit facilities, was ~$86M. Marathon continues to expect its mining operations to be 100% carbon neutral by 2022-end. CEO comment: "We remain confident that Marathon is well positioned to achieve its

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.