Florida-based mining company Marathon Digital Holdings set a new monthly record by mining 1,853 bitcoins in December.. This is 56% more than in November, and 290% more than in December the year before..
Marathon Digital CEO Fred Thiel said that in December the company increased its hash rate by 4%, to 24.7 EH/s. Thus strengthening its position as the largest publicly traded mining company in North America. Marathon Digital promises to increase hash rate by 30% in 2024. Taking into account the deal with Generate Capital to acquire two mining farms, which is scheduled to close in January, over the next 18–24 months the hashing speed of the company’s devices will reach 50 EH/s, the CEO assures.
Progress is also observed outside the United States, in Abu Dhabi, where the hash rate of equipment has reached 2.7 Eh/s. We are talking about more than 13,000 mining devices at the second, larger Marathon Digital facility in the Masdar City eco-city. Thanks to the new facility in Paraguay, the local rate reached 0.3 Eh/s with 2110 miners. Higher transaction fees also contributed to the rapid production of Bitcoin in December. Within a month, the MaraPool pool collected more than 380 BTC in transaction fees.
“The acquisition of mining centers in Granbury, Texas and Kearney, Nebraska is expected to optimize costs and accelerate our growth in the near term. New miners have already been ordered, so we will be able to quickly fill the existing capacity,” says the CEO of Marathon Digital.
In November, Marathon Digital reported year-on-year growth in Bitcoin mining of 467%. In the same month, the company launched a pilot project for the extraction of BTC in landfills — methane released from waste will be used to generate energy.