Marathon Digital has diversified its mining operations to include Kaspa, leading to a 132% increase in Kaspa's daily trading volume. The company now operates 30 petahash of Kaspa ASICs in Texas, marking a significant expansion in their mining capabilities. Since September 2023, Marathon has mined 93 million Kaspa tokens, valued at around $15 million. This move aligns with Marathon’s strategy to create new revenue streams and mitigate risks associated with Bitcoin’s volatility.

Kaspa's proof-of-work consensus mechanism, GHOSTDAG, allows multiple blocks to be produced simultaneously, providing faster transactions and more block rewards for miners. Marathon plans to double its Kaspa mining capacity by Q3 2024, expecting these machines to generate profit margins of up to 95%.

Marathon's involvement in Kaspa mining has significantly impacted Kaspa’s market performance, with its price surging by 13%. The Kaspa price is now trading close to its all-time high, signaling strong investor interest. This strategic move showcases Marathon’s adaptability in the dynamic crypto mining industry and could set a precedent for other Bitcoin miners.