Marathon Digital Achieves Record Mining of 1,853 BTC in a Month

Marathon Digital Holdings, a leading cryptocurrency mining company, announced a remarkable achievement in Bitcoin (BTC) mining, having mined over 1,853 BTC in December 2023. This significant accomplishment led to a 12% surge in the company's stock value. In 2023, Marathon Digital mined a total of 12,852 BTC, a substantial increase attributed to improvements in hash rate growth and operational efficiency. The CEO, Fred Thiel, highlighted an 18% growth in average operational hash rate, reaching up to 22.4 exahashes, including their share of joint ventures. However, the company sold about 38% of its December BTC production, amounting to 704 BTC, to cover operational costs. This sale is reflective of a wider trend in the mining industry, particularly noticeable since Bitcoin's rally in the last quarter of 2023. Despite these sales, Marathon Digital reported holding 15,174 BTC as of December 31, 2023. The company's stock price closed at $26.88, up over 12% from the previous day, and traded at $25.52 in the pre-market the following day

_{Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.}