📢 Cryptocurrency News! 📢

Marathon Digital Holdings, one of the largest mining companies, reported a 5% increase in Bitcoin mining output in September 2024. 🚀

- The company mined 705 BTC, increasing its total holdings to 26,842 BTC.

- Marathon won 207 blocks, up 6% from last month.

- The company continues its strategy of holding on to mined Bitcoin.

Highlights:

- Hashrate reached 36.9 EH/s, targeting 50 EH/s by the end of 2024.

- Marathon raised $292.5 million in a private placement in August, of which $249 million was spent on purchasing 4,144 BTC.

CEO Fred Thiel noted progress in improving efficiency and moving to a more efficient cooling system at the Granbury data center.

What do you think about the future of Bitcoin and Marathon's strategy? Share your thoughts in the comments! 💬