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Marathon Digital Bitcoin Generation Increased 66% in July

The mining company now has 6,226 bitcoins with a market value of $260.7 million.

By Tanzeel Akhtar

Updated Sep 14, 2021, 1:34 p.m. Published Aug 3, 2021, 2:53 p.m.

Marathon Digital Holdings generated 442.2 new bitcoins during July, up from 265.6 in June.

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It now has total holdings of about 6,226 bitcoins with a market value of $260.7 million.
The Las Vegas-based company said it has produced 1,288.3 bitcoins this year through Aug. 1.
Marathon reported cash on hand of $91.9 million and total liquidity, defined as cash and bitcoin holdings, of about $352.6 million.
The company said it has received 19,401 S19 Pro application-specific integrated circuit (ASIC) mining machines from Bitmain this year, with another 4,287 on the way. Its mining fleet now consists of 19,395 active miners producing 2.09 exahashes/per second, which means the machines can calculate 2.09 quintillion equations per second. One quintillion is a number followed by 18 zeros.
On Sunday, the firm announcedit had purchased 30,000 S19j Pro miners from Bitmain. Once all the mining machines are deployed, it is expected to increase Marathon’s operations to 133,000 mining machines producing about 13.3 EH/s.

Bitcoin Mining Bitcoin Generation Marathon Digital

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.