đ Bitcoin miner Marathon Digital (MARA) exceeded Wall Street's Q4 sales expectations, reporting $156.8 million in sales, thanks to a higher bitcoin price during the period. The company also sold 56% of the bitcoin it produced to fund operating costs.
đ Marathon reiterated its outlook to increase mining power to 35-37 EH/s in 2024 and 50 EH/s by the end of 2025, with opportunities to accelerate growth targets.
đ The miner announced the launch of a new Bitcoin layer-2 network called Anduro, which will allow for the creation of multiple sidechains to foster innovation within the Bitcoin ecosystem. The first two sidechains in development include one for NFTs on Bitcoin and an Ethereum-compatible chain for asset tokenization.
đš Marathon also recently introduced "Slipstream," a service aimed at making the confirmation of large or non-standard bitcoin transactions faster and easier.
What do you think of Marathon's new initiatives? Share your thoughts in the comments below!
