According to Odaily Planet Daily, Bitcoin mining company Marathon Digital announced that it will increase its 2024 computing power target from 35-37 EH/s to 50 EH/s as it expands its production capacity after recent acquisitions. Marathon CEO Fred Thiel said: "Given the available capacity and computing power after our recent acquisitions... we now believe it is possible to double the size of Marathon's mining operations in 2024." Thiel also said that the company does not need to raise additional funds to achieve its new target computing power because it is currently "well-funded."