A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin (BTC) mining firm Marathon Digital Holdings (Nasdaq: MARA) through the bear market, told Cointelegraph its CEO Fred Thiel.
n an exclusive interview during the 2023 Bitcoin Conference in Miami, Thiel disclosed the strategy behind Marathon's figures in the first quarter of 2023, where the firm reduced its net loss from $12.9 million ($0.12 per share) from Q1 2022, to $7.2 million ($0.05 per share) this year.
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