Coinspeaker
Bitcoin Miner Marathon Digital to Double Its Mining Capacity in 2024
Bitcoin mining giant Marathon Digital recently shared its goals for the hash rate that it seeks to achieve this year in 2024. This is the first major update from the company after the Bitcoin halving event last week, which reduced miner rewards from 6.25 BTC to 3.125 BTC.
Taking an ambitious goal Marathon has revised its 2024 hash rate goal from 35-37 exahashes per second (EH/s) to 50 EH/s. This comes on the backdrop of the company’s recent acquisitions which helped it expand its overall capacity.
In his statement on Thursday, Marathon CEO Fred Thiel said that the company is planning to double its mining scale this year in 2024, owing to this added capacity. Thiel said that the company wouldn’t need to raise capital in order to achieve these targets and that it would be “fully funded”. Thiel added:
“With our current liquidity position, this growth target is also fully funded and ther
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