According to ChainCatcher news, Marathon Digital posted on social media to review 2024, stating that it has transformed itself from a Bitcoin mining company into a leader in the global energy and infrastructure sector.
Throughout the year, significant milestones were achieved, including computing power reaching 50 EH/s, capacity increasing threefold to 2GW, the addition of 7 new mining sites, self-operated mining sites accounting for 65%, and increasing Bitcoin holdings to 44,394 coins through $2 billion in 0% convertible bonds.
Additionally, the company has implemented a zero-cost energy strategy, acquiring wind farms, 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, multi-chain Layer 2 networks, and the Bitcoin transaction direct submission tool Slipstream, achieving the highest capital return rate in the industry, with the team size expanding from 56 to 152 people.
