Goal

2024

Bitcoin

Marathon Digital has announced a significant escalation in its Bitcoin mining operations, targeting an increase in its hash rate from the current 35-37 EH/s to an ambitious 50 EH/s by 2024. This growth strategy is fueled by recent acquisitions which added a 200 megawatt mining center and two additional sites totaling 390 megawatts. This expansion aims to more than double Marathon's operational capacity without the need for additional capital investment, according to <a href="https://twitter.com/MarathonDH/status/1783605573721694534" rel="noopener noreferrer nofollow">MarathonDH</a>.
Following this announcement, despite a brief dip, Marathon Digital's stock experienced a 4.5% increase in after-hours trading, reflecting investor optimism. Additionally, the company has enjoyed a 15% increase in stock value following the fourth Bitcoin halving event, which also spiked transaction fees due to increased demand from memecoin and NFT enthusiasts.

Marathon Digital Sets Ambitious Goal of 50 EH/s in Bitcoin Mining Expansion for 2024

Ultramining_Eng

Other articles published on Apr 26, 2024

This might be the reason why DOGE is struggling

NEAR Protocol Price Prediction: NEAR Surges 10% As This New AI Meme Coin ICO Soars Towards $400K

Pantera Capital Gears Up to Launch a Groundbreaking $1 Billion Crypto Fund

Ethereum and Bitcoin Fall as Inflation Limits Rate Cut Expectations

From Zero to Hero: Solama’s Rise in the Solana Meme Coin 2024 Galaxy

Crisis In Crypto: China’s Leading Blockchain Advocate Faces Investigation

Join our free newsletter for daily crypto updates!