Bitfarms (BITF) and Marathon Digital (MARA), two of the largest publicly-traded bitcoin miners, each announced on Monday that they had mined over 3,000 bitcoin in 2021.Canadian-based Bitfarms produced 3,452 bitcoin for the year, while U.S.-based Marathon mined 3,197 bitcoin.Bitfarms’ total holdings grew to over 3,300 bitcoin as of the end of the year, worth $151.8 million … [Read more...] about Bitfarms and Marathon Digital Both Mined Over 3K BTC in 2021
Marathon
Marathon Digital to Expand Hashrate by 600% With Record Purchase of Bitcoin Miners
“Given the strength of our balance sheet and our asset-light model, which allows us to invest our capital into mining machines rather than infrastructure, we were uniquely positioned to place the largest single order of S19 XPs, in terms of total hash rate, BITMAIN has ever received,” Marathon CEO Fred Thiel said in a press release. Source link … [Read more...] about Marathon Digital to Expand Hashrate by 600% With Record Purchase of Bitcoin Miners
Marathon Digital’s Bitcoin Production Fell in November as Maintenance Work Cut Capacity
Marathon’s fleet consists of 31,000 active miners producing approximately 3.2 exahashes per second (EH/s). The company received another 15,520 top-tier ASIC miners from Bitmain last month. So far this year it’s taken delivery of 56,826 miners, with another 8,477 on the way. Source link … [Read more...] about Marathon Digital’s Bitcoin Production Fell in November as Maintenance Work Cut Capacity
Marathon Digital Expands Compute North Hosting Deal to Over 100K Bitcoin Miners
Compute North and Marathon Digital extended their hosting agreement to more than 100,000 bitcoin mining machines across the U.S., according to a statement issued on Wednesday. The units will be powered mostly by wind and solar energy.The agreement is an expansion of the companies’ previous hosting deal of 73,000 miners in May.The pact will make Marathon’s mining operations “not … [Read more...] about Marathon Digital Expands Compute North Hosting Deal to Over 100K Bitcoin Miners
Marathon Digital Sell-Off a Buying Opportunity, DA Davidson Analyst Says
The decline of the bitcoin miner’s shares because of the SEC’s subpoena and convertible debt offering is “overdone,” according to the firm. Nov 16, 2021 at 4:56 p.m. UTCUpdated Nov 16, 2021 at 5:24 p.m. UTCMarathon Digital CEO Fred Thiel (CoinDesk "First Mover" screenshot) Source link … [Read more...] about Marathon Digital Sell-Off a Buying Opportunity, DA Davidson Analyst Says