According to Foresight News, Marathon Digital, a Nasdaq-listed mining company, has announced its goal to increase its hashrate to 50 EH/s by 2024. The decision comes as a result of recent acquisitions that have expanded the company's capacity. As per the Hashrate Index, Marathon Digital's current Bitcoin mining hashrate stands at 24.7 EH/s, while Core Scientific and Riot Platforms have hashrates of 16.9 EH/s and 12.4 EH/s respectively.
In previous news from Foresight News, Marathon Digital revealed that it had signed a final purchase agreement to acquire Applied Digital's Bitcoin mining data center for $87.3 million. The payment for the purchase will be made in cash from Marathon Digital's balance sheet.
