Marathon Digital Holdings announced a 23% decrease in bitcoin production for February 2024 due to unplanned maintenance issues at its mining facilities, despite a 9% increase in hash rate.
Marathon Digital Holdings, Inc. (NASDAQ:MARA), a leading bitcoin mining company, has reported a 23% decrease in bitcoin production for February 2024 compared to the previous month. The company produced 833 bitcoins in February, down from 1,084 in January, primarily due to unplanned maintenance issues at its mining facilities.
According to Marathon’s press release, the company’s Garden City and Ellendale sites, which collectively represent approximately 43% of its energized hash rate, experienced outages due to transformer and transmission line …
Read more…….
Be the first to comment