Marathon Digital Bolsters Bitcoin Holdings to 26.2K
CryptoNewsTerminal Staff11 Sep, 2024
Marathon Digital Bolsters Bitcoin Holdings to 26.2K
Bitcoin Acquisition Spree Continues Marathon Digital, a leading cryptocurrency mining company, has announced a significant increase in its Bitcoin (BTC) holdings. According to an official Form 8-K filing, the company has acquired an additional 26,200 BTC, bringing its total holdings to over 26,200 BTC. This acquisition follows Marathon Digital's previous purchase of 4,144 BTC in mid-August, valued at approximately $249 million. The company's latest acquisition further solidifies its position as a major player in the cryptocurrency mining industry. Marathon Digital has been actively expanding its mining operations, with plans to increase its hashing power to 23.3 EH/s by mid-2023. The company's growing Bitcoin holdings demonstrate its belief in the long-term value of the cryptocurrency.
