2024

United

Bitcoin

<ul><li>Marathon Digital to now label all Bitcoin mined in the U.S. as ‘Made in USA.’</li><li>The company is the only large-scale miner with this capability.</li><li>Marathon launched a $250M offering to acquire more Bitcoin.</li></ul><p>Marathon Digital Holdings will start marking any Bitcoin produced within the country with the phrase 'Made in USA.' The company is among the leading <a href="https://bitcoin.org/" rel="noopener noreferrer nofollow">bitcoin</a> miners in the country. The action represents a notable advancement in the company's dedication to promoting the mining of Bitcoin within the country.&nbsp;</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"> https://twitter.com/WuBlockchain/status/1823191533451145467 </div></figure><p>Fred Thiel, the CEO of Marathon Digital Holdings, highlighted that the marking represents Marathon's distinctive position in the market since it is the sole <a href="https://cryptonewsland.com/marathon-digital-reports-17-increase-in-bitcoin-production-expands-holdings/" rel="noopener noreferrer nofollow">large-scale</a> mining company with the ability to guarantee that all blocks generated by its pool are exclusively of American origin.&nbsp;</p><p>This capability is a consequence of the company's independent operation of its mining pool, which enables it to supervise the entire process.</p><h2 class="wp-block-heading" id="h-endorsement-of-presidential-candidate"><strong>Endorsement of Presidential Candidate</strong></h2><p>The decision comes in the wake of previous statements made by former President Donald Trump, who has expressed his strong support for the establishment of additional Bitcoin mining facilities in the United States.&nbsp;</p><p>Trump has acknowledged that for the country to be the leader in energy, they have to boost Bitcoin mining. At the Bitcoin 2024 Conference in Nashville, he restated his <a href="https://cryptonewsland.com/donald-trump-set-to-speak-at-bitcoin/" rel="noopener noreferrer nofollow">endorsement</a> of the sector, promising to guarantee that American Bitcoin miners possess the essential resources to sustain their activities within the nation.&nbsp;</p><h2 class="wp-block-heading" id="h-announcement-of-private-offering"><strong>Announcement of Private Offering</strong></h2><p>Marathon Digital Holdings has announced plans to raise $250 million through a <a href="https://cryptonewsland.com/marathons-250m-note-offering-a-bold-bet-on-bitcoins-future-growth/" rel="noopener noreferrer nofollow">private offering</a> of convertible notes. The company intends to use the money to buy more Bitcoin. They plan to use the same tactic used by other prominent businesses such as MicroStrategy.&nbsp;</p><p>Marathon Digital Holdings' decision to label its mined Bitcoin as 'Made in USA' reflects its commitment to supporting the local mining industry. Marathon solidifies its position as a leading player in the American Bitcoin mining industry through the integration of this initiative with the company's strategic financial actions.</p><p>The post <a href="https://cryptonewsland.com/marathon-digital-pioneers-made-in-usa/" rel="noopener noreferrer nofollow">Marathon Digital Pioneers ‘Made in USA’ Label for Domestically Mined Bitcoin</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Marathon Digital Pioneers ‘Made in USA’ Label for Domestically Mined Bitcoin

Table of Contents

Crypto News Land

Other articles published on Aug 13, 2024

Future of Interoperability with MoonTON

Bad News for Binance US from the Court! US Court of Appeals Overturns Decision on This Altcoin!

Is Bitcoin Price Breakout In Sight As It Returns to Previous Cycles?

Weekly Article Recap: 7/29-8/02

Do Kwon to be Extradited to South Korea: Montenegro Court Upholds Decision

Weekly Article Recap: 8/05-8/09

Join our free newsletter for daily crypto updates!