According to TechFlow, crypto mining company Marathon Digital announced that it is mining the proof-of-work (PoW) digital asset Kaspa (KAS) to further enrich its digital asset computing portfolio. As of June 25, 2024, 93 million KAS have been mined, equivalent to $15 million. The company hopes to continue to support innovation in the PoW ecosystem and expand its leading position in digital asset computing.
It is reported that KAS is currently the fifth largest PoW digital asset by market value, with a market value of US$3.9 billion.
The company has purchased approximately 60 petahash of KS3, KS5 and KS5 Pro ASICs and currently has 30 petahash of Kaspa ASICs running in its Texas facility.