Marathon's Path to 23 EH/s Latest installation schedules as of January 2023. Subject to change. - Achieved a New Record in Quarterly BTC Production - Produced 475 BTC in December 2022, 1,562 BTC in Q4 2022, and 4,144 BTC In Fiscal Year 2022 - Increased Unrestricted Cash to $103.7 Million and Unrestricted Bitcoin Holdings to 7,815 BTC as of December 31 LAS VEGAS, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and s
Bitcoin's (CRYPTO: BTC) price hit an all-time high of $67,567 last November. The world's top cryptocurrency lost its luster as inflation, rising interest rates, and other macro headwinds drove investors away from riskier investments. Coinbase (NASDAQ: COIN), one of the world's largest cryptocurrency exchanges, and Marathon Digital (NASDAQ: MARA), one of the market's top Bitcoin mining companies, both shed more than 80% of their value this year.
The company's main product -- Bitcoin -- isn't exactly popular just now, and it didn't mine as much last month as it hoped to.