Bitcoin

<a href="https://ultramining.com/news/marathon-digital-povyshaet-energoeffektivnost-s-pomoshhyu-majnerov-s19-xp/" rel="noopener noreferrer nofollow">Marathon Digital Holdings</a>, a leader in Bitcoin mining, has <a href="https://ir.mara.com/news-events/press-releases/detail/1322/marathon-digital-holdings-announces-bitcoin-production-and" rel="noopener noreferrer nofollow">announced</a> record numbers for July 2023. The company mined 179 blocks, producing a total of 1,176 BTC, and increased its operational <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">hash rate</a> by 6% to 18.8 EH/s. 
This <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">production</a> represents a 20% growth from last month and a staggering 1527% increase from July of the previous year. This success is primarily due to increased operational efficiency and the addition of 7.6 exahashes from a new facility in North Dakota. 
Moreover, the company has made a significant move in Abu Dhabi. It started mining operations there, producing 17 BTC in July, with the full 7.0 exahashes expected to be online before the year's end. 
<a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a>'s financial standing also looks strong. As of July 31, 2023, the company's <a href="https://ultramining.com/news/en/marathon-digital-holdings-powers-up-bitcoin-production-and-mining-operations/" rel="noopener noreferrer nofollow">unrestricted cash</a> and <a href="https://ultramining.com/news/en/rising-mining-difficulty-squeezes-bitcoin-miners-sparks-accumulation-among-whales/" rel="noopener noreferrer nofollow">Bitcoin holdings</a> amounted to approximately $494 million, marking a significant increase from last year. 
This report solidifies <a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a>'s position in the Bitcoin ecosystem. As the company continues to expand, future growth seems inevitable. The success in July sets a promising tone, not only for <a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a> but for the cryptocurrency industry at large. 
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Marathon Digital Strikes Gold: Record Bitcoin Production and Explosive Growth in July 2023

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