Marathon Digital's Bitcoin production dropped in November due to maintenance work

Time:2022-01-02 Source: 903 views Trending Copy share

Golden Finance reported that Bitcoin miner Marathon Digital Holdings produced 196 bitcoins in November, down from 417.7 in October because of maintenance and upgrades of its power station in Harding, Montana, which reduced computing power. Marathon CEO Fred Thiel said, but we think this is necessary in the short term and will be beneficial in the long run. Marathon said that after fixing many facility problems, the mining fleet was operating at almost full capacity, allowing the company to produce 34 bitcoins on the first day of December. The company increased its total Bitcoin holdings to approximately 7,649.1, with a fair market value of approximately US$437.4 million, slightly lower than last month’s approximately US$457.4 million.

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