Bitcoin

<ul><li>Marathon Digital achieved a record 1,176 BTC production in July, a 1,527% surge from last year.</li><li>The company holds 12,964 BTC, a primary corporate holder, sticking to the HODL strategy.</li><li>Mining capacity bounces back, with a 6% rise in hash rate, while the partnership in Abu Dhabi propels worldwide growth efforts.</li></ul>The leading cryptocurrency mining firm, Marathon Digital, achieved exceptional results last month, producing 1,176 BTC, marking a 20% increase from the previous month and a staggering 1,527% surge from July of the previous year. The company&#39;s HODL strategy remains intact, with its BTC holdings standing at 12,964, making it one of the largest corporate holders of the digital asset. The company&#39;s mining capability rebounded after weather-related disruptions in Texas during June.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1f78a22fb5eb471eacea52cc28edadcd.png" />Fred Thiel, Chairman and CEO of Marathon Digital, <a href="https://www.globenewswire.com/news-release/2023/08/03/2717834/0/en/Marathon-Digital-Holdings-Announces-Bitcoin-Production-and-Mining-Operation-Updates-for-July-2023.html" rel="noopener noreferrer nofollow">attributed</a> the increased bitcoin production to a boost in operational hashrate and improved uptime. The company also mined 179 blocks in July, compared to 144 blocks the previous month and 171 blocks in May.Marathon Digital&#39;s operational hash rate increased by 6% month-over-month to 18.8 exahashes, while the installed hash rate reached 22.8 exahashes. The progress was driven by the successful <a href="https://www.globenewswire.com/news-release/2023/08/03/2717834/0/en/Marathon-Digital-Holdings-Announces-Bitcoin-Production-and-Mining-Operation-Updates-for-July-2023.html" rel="noopener noreferrer nofollow">launch</a> of the Ellendale, North Dakota facility, where all six buildings are fully operational. The joint venture in Abu Dhabi, which commenced in July, contributed 16.8 BTC to Marathon Digital&#39;s monthly production, demonstrating the company&#39;s global reach and expansion efforts.-Read full article at <a href="https://cryptotale.org/marathon-digital-reports-record-breaking-btc-production-in-july/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Marathon Digital Reports Record-Breaking BTC Production In July

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