Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1
With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes. Bitcoin (BTC) Mining firm Marathon Digital reported a quarter ly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million. Marathon explained in an April 3 update that the 2,195 mined BTC is a 74% increase from the first quarter of last year and a 41% increase from Q4 2022. It comes on the back of the miner increasing its operational Hash Rate by 195% from Q1 2022. Marathon also recorded a monthly record of 825 BTC mined in March — currently valued at around $23.3 million — and marked a 21% production increase from February. $MARA's March Production Update is here: - Increased #Bitcoin Production 21% MoM - Produced a Record 825 BTC in March ’23 - Produced a Record 2,195 BTC in Q1 ’23 - Increased Hash Rate 64% in Q1 ’23 (11.5 EH/s) - Reported Unrestricted Cash and Cash Equiv. of $124.9M - Increased… pic.twitter.com/Jc1ACI2kY2 —...