According to ChainCatcher news, Marathon Digital reflected on 2024 in a post on social media, stating that it has transformed itself from a Bitcoin mining company into a leader in the global energy and infrastructure sector.
The year achieved important milestones, including computing power reaching 50 EH/s, capacity increasing threefold to 2GW, adding 7 new mining sites, increasing the proportion of self-operated mining sites to 65%, and increasing Bitcoin holdings to 44,394 coins through $2 billion in 0% convertible bonds.
In addition, the company has implemented a zero-cost energy strategy, acquiring wind power plants, utilizing abandoned gas from oil fields for energy, and recovering heat in Finland to provide heating for 80,000 households. At the same time, it launched a two-phase immersion cooling system, a multi-chain Layer 2 network, and a direct submission tool for Bitcoin transactions called Slipstream, achieving the highest capital return rate in the industry, with the team size expanding from 56 to 152 people.
