Marathon Digital, a leading crypto mining firm, has announced that all Bitcoin blocks mined by its MARA Pool in the United States will be labeled with a "Made in USA" tag. This initiative underscores the company's commitment to showcasing its American roots and contributions to the Bitcoin network.
In a recent statement on X (formerly Twitter), Marathon Digital proudly declared, "MARA is Team USA," emphasizing that each Bitcoin block mined in the U.S. by the company will carry the "Made in USA" label. Fred Thiel, CEO of Marathon Digital, highlighted the significance of this move, noting that as one of the largest Bitcoin miners in the country, Marathon ensures that every block produced by its MARA Pool is distinctly American.
“Every block mined by MARA Pool in the USA is proudly stamped ‘Made in USA,’” Thiel stated. He further explained that Marathon Digital is the only large-scale miner capable of making this claim because it operates its own mining pool and can guarantee the origin of every block.
Alignment with Trump's Vision for American Bitcoin Mining
Marathon Digital’s decision aligns with the vision of U.S. Presidential hopeful Donald Trump, who has advocated for all remaining Bitcoin to be mined in the United States. On June 12, Trump emphasized the importance of domestic Bitcoin production, arguing that it would help the country achieve energy dominance.
During the Bitcoin 2024 Conference in Nashville, Trump reiterated his support for U.S.-based crypto mining. He pledged to ensure that American Bitcoin miners receive the necessary electricity to sustain their energy-intensive operations.
Already, all Bitcoin blocks mined by the MARA Pool carry the "Made in USA" stamp, as confirmed by data from mempool.space.
Marathon Digital Announces $250 Million Private Offering
In addition to its patriotic labeling initiative, Marathon Digital has announced plans to raise $250 million through the sale of convertible senior notes in a private offering. The company intends to use the proceeds to acquire additional Bitcoin and for general corporate purposes.
Marathon Digital currently holds over 20,800 Bitcoins, more than twice the amount held by its competitor, Hut8 Mining. The notes will mature on September 1, 2031, and will pay interest semi-annually, beginning in March 2025.
“MARA intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin and for general corporate purposes,” the company stated. The funds will be allocated to working capital, strategic acquisitions, and the expansion of existing assets, among other uses.
This move further solidifies Marathon Digital's position as a key player in the Bitcoin mining industry, with a strong focus on American production and growth.
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