🚀Marathon Digital, a Bitcoin miner, is diversifying its mining revenue by mining Kaspa, a layer 1 protocol. Kaspa uses a GHOSTDAG protocol, allowing multiple blocks to be produced simultaneously, speeding up transactions & providing more block rewards. 🎉
Since Sept 2023, Marathon has mined a whopping 93M KAS tokens, valued at ~$15M! They've brought 30 petahash worth of machines online, with 30 more coming by Q3. This move is part of a wider trend of Bitcoin miners diversifying revenue streams post-crypto winter. 🥶
Kaspa's price has surged nearly 50% this year, outpacing Bitcoin's 44% climb. Marathon's move into Kaspa mining is a smart play, leveraging their core competencies in digital asset compute. 💡
What do you think about this diversification strategy? Will other miners follow suit? Let's discuss! 💭 #CryptoMining #Kaspa #Bitcoin