Marathon Digital Expands Mining Beyond Bitcoin
🌐 Marathon Digital Holdings has ventured into Kaspa (KAS) mining to diversify its revenue streams, emphasizing it's not abandoning Bitcoin.
👀 "Kaspa will only constitute 1% of our total capacity," assured Marathon's VP of Investor Relations, Robert Semyuels.
The initiative aims for "higher margins," potentially up to 95% with #Kaspa mining machines.
📈 Since launching Kaspa ASIC devices in September 2023, Marathon has mined 93 million #KAS ($16 million). $KAS tokens surged 420% since then, outperforming Bitcoin's 135% rise.
Kaspa ranks fifth in Proof-of-Work assets, mineable with specialized hardware, boasting a market cap exceeding $4.2 billion. 💰
Following the #announcement , KAS saw daily growth rates of 11%, with trading volume up 155%.
