Marathon Digital mines $16M in Kaspa to diversify from Bitcoin

Bitcoin (BTC) mining heavyweight Marathon Digital revealed it has mined $16 million worth of Kaspa (KAS) — a token designed to address Bitcoin’s scalability problem — since September to diversify from Bitcoin.

In a June 26 announcement, Marathon Digital said the move allowed the firm to “capitalize on the higher margins” possible with Kaspa mining machines, which are up to 95% in some cases.

“By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin,” explained Marathon’s chief growth officer, Adam Swick.

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