At the beginning of April, mining companies reported on the results of their activities for the past month. ForkLog has collected the main indicators in one material.
In March, Marathon Digital Holdings mined 894 BTC, 7% more than the month before.
According to the press release, the hashrate dropped by 3% to 27.8 EH/s. The average operating indicator over the past month increased by 4% and amounted to 18.3 EH/s.
CEO Fred Thiel explained that during the first quarter, production was impacted by equipment failures, power line maintenance and weather-related reductions in power consumption at a number of facilities.
“[...] we intend to further develop our portfolio of Bitcoin mining projects, which will grow to approximately 1.1 GW of capacity distributed across 11 sites on three continents, and use our recently announced technological innovations, such as a two-phase immersion cooling system, to optimizing productivity and expanding our position,” said Thiel.
As of March 31, 2024, Marathon had 17,381 BTC on its balance sheet. The firm sold 440 BTC and confirmed its intention to sell a portion of its assets into digital gold in the future “to support monthly operations, treasury management and general corporate purposes.
In March, Marathon Digital Holdings announced the purchase of a 200 MW data center in Garden City, Texas, from Applied Digital Corporation. The transaction amount will be $87.3 million.
In the first month of spring, Argo Blockchain generated 103 BTC (3.3 BTC per day). The company noted an increase of 5% compared to the previous period, despite the increase in mining difficulty.
Revenue amounted to $7 million, up 55% from February. As of March 31, the company held 26 BTC.#BTC