Marathon Digital Mines Record 590 BTC in June: Strengthens Bitcoin Holdings

IconCryptoNewsTerminal Staff03 Jul, 2024

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Marathon Digital Mines Record 590 BTC in June: Strengthens Bitcoin Holdings

Marathon Digital Holdings, a leading digital asset technology company, recently announced its operational updates for June 2023, highlighting its significant Bitcoin (BTC) production and hashrate growth. During June, Marathon Digital successfully mined 590 BTC, contributing to its total Bitcoin mined year-to-date, which now stands at 2,227 BTC. This impressive production showcases the company's commitment to expanding its mining operations and increasing its BTC reserves. Furthermore, as of the end of June 2023, Marathon Digital held approximately 18,536 BTC, a testament to its long-term strategy of holding all mined Bitcoins. This substantial holding reflects the company's confidence in Bitcoin's potential as a valuable digital asset. Marathon Digital's robust Bitcoin production and strategic holding position it as a prominent player in the digital asset industry. The company's dedication to mining and holding BTC aligns with the growing institutional adoption of Bitcoin as a hedge against inflation and a store of value.

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