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 <p class="is-style-lead">Marathon Digital Holdings bolsters its position as North America’s most prominent public Bitcoin miner, producing 1,187 BTC in November and boosting its combined unrestricted cash and Bitcoin holdings to $802.3 million.</p>
 <p>Achieving a significant milestone, the company increased its domestic energized hash rate by 20% to 23.1 exahashes, completing the energization of its facility in Garden City, Texas. The miner’s November production slightly decreased from October’s figures, attributed to a 9% sequential increase in <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> <a rel="noopener noreferrer nofollow" title="difficulty" href="https://thebittimes.com/tag/difficulty.html">difficulty</a>.&nbsp;</p>
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    <p lang="en" dir="ltr">Marathon Digital Holdings’ November #Bitcoin Production Update is here:<br><br>– Achieved 23 EH/s Goal; Garden City Energized<br>– Produced 1,187 BTC in November 2023 and 10,999 BTC Year-To-Date<br>– Combined Unrestricted Cash and Bitcoin Was $802.3 Million as of November 30, 2023<br><br>Read the…</p>— Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) December 5, 2023
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 <p>This production includes contributions from its joint ventures in Abu Dhabi and Paraguay. In the U.S. alone, the company <a rel="noopener noreferrer nofollow" title="mined" href="https://thebittimes.com/tag/mined.html">mined</a> 1,151 Bitcoins, with transaction fees due to increased <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> activity contributing to around 12% of this total​​.</p>
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    <p lang="en" dir="ltr">We achieved our 23 EH/s goal in November, with 23.7 EH/s energized! pic.twitter.com/hEmHIQEHOY</p>— Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) December 5, 2023
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 <p>As of Nov. 30, Marathon held 14,025 unrestricted Bitcoins. To cover its operating expenses, the company sold 700 Bitcoins, representing 59% of its monthly production. Furthermore, the company’s unrestricted cash and cash equivalents grew significantly, totaling $273.1 million at the end of November. The combined balance of unrestricted cash and Bitcoins surged from $620.3 million to $802.3 million over the month.</p>
 <p>The company’s financial strategy is aligned with preparing for the upcoming Bitcoin <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> halving event and seizing strategic opportunities, including potential industry consolidation.​</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/marathon-digital-mined-1-187-btc-in-november-amidst-record-network-difficulty-tbt72709.html">https://thebittimes.com/marathon-digital-mined-1-187-btc-in-november-amidst-record-network-difficulty-tbt72709.html</a></p>

Marathon Digital mined 1,187 BTC in November amidst record network difficulty

TheBitTimes

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