🎉Big news, BTC enthusiasts! Marathon Digital Holdings, a global crypto-focused platform, has mined a whopping $15 million worth of Kaspa (KAS) since last September! 🚀

Marathon Digital's decision to mine Kaspa was part of a strategy to diversify its mining operations. Since the start of their Kaspa mining operations, they've mined about 93 million KAS! 💰

Kaspa is currently the 5th largest Proof-of-Work (PoW) crypto asset, with a market cap of $3.9 billion and trading volumes of $64.8 million. It's similar to Bitcoin in terms of decentralization and open sourcing but differs by employing a BlockDAG, allowing for the simultaneous processing of multiple blocks. 🎲

Marathon Digital has bought "60 petahash of KS3, KS5, and KS5 Pro ASICs, each capable of generating profit margins of 95% at the existing network difficulty. They already run 30 petahash of Kaspa mining ASICs in Texas, with more coming in Q3 2024. 🏭

Marathon's Chief Growth Officer, Adam Swick, said: "By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin, and that is directly tied to our core competencies in digital asset compute." 🎯

Marathon Digital is well positioned to mine Kaspa owing to its "unique relationships with hardware manufacturers, strong balance sheet, and the expertise of our team." The executive pledges commitment to supporting innovation in PoW ecosystems and expanding its position as a leader in the mining business. 🌐

After Bitcoin's price decline starting in 2022, miners began looking for ways to diversify their revenue. Some chose to use their infrastructure for AI and computing needs, while others opted to mine other cryptos. Marathon Digital is clearly making waves with their Kaspa mining! 🌊