Kaspa

<ul><li>Marathon Digital&#39;s Kaspa mining diversification aims to leverage high margins up to 95% for increased profitability.</li><li>Despite the Kaspa venture, Marathon remains committed to Bitcoin, with Kaspa representing only 1% of its energy capacity.</li><li>Kaspa mining generated $16M since September, a small fraction compared to $594.9M from Bitcoin, yet a strategic revenue stream.</li></ul>Marathon Digital has<a href="https://x.com/MarathonDH/status/1806056362532638832" rel="noopener noreferrer nofollow"> announced</a> a significant diversification move. Since September, the company has mined $16 million worth of Kaspa (KAS), a token designed to enhance Bitcoin’s scalability. This strategic shift aims to capitalize on the higher margins possible with Kaspa mining.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe4aH1UYZT_JxOndC8krsPa1D3OGzpGxhB75ftb1MNuPcdXjW7MaLpV-cVmQ98SSbENy1L5yj9Q7sas93i2wdMvunCU64UKtOdKxoc835iJZlrF4XIfNxKUuCwfLT-OGj8YEeb9rUP6bJaTZkC0qxuWhf8?key&#61;o-oN933EF8h4JqrXm5P6IA" />Marathon Digital&#39;s decision to mine Kaspa is driven by the potential for increased profitability. The firm has noted that Kaspa mining machines can offer margins as high as 95%. Adam Swick, Marathon&#39;s chief growth officer, emphasized the benefits of this diversification stating that by mining Kaspa, they are able to create a stream of revenue that is diversified from <a href="https://cryptotale.org/signs-of-a-local-bottom-bitcoins-15-correction-could-herald-a-new-ath/" rel="noopener noreferrer nofollow">Bitcoin</a>. This approach leverages Marathon’s unique position to deploy Kaspa ASICs effectively.<a href="https://cryptotale.org/marathon-digital-mines-16m-in-kaspa-strengthening-revenue-streams-beyond-bitcoin/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Marathon Digital Mines $16M in Kaspa, Strengthening Revenue Streams Beyond Bitcoin

CryptoTale

Outros artigos publicados em 27 de jun. de 2024

Investing in 2024: $2.9M MoonBag Presale vs. Sealana and Hedera

Shiba Inu’s Critical Resistance Breakout, Solana ETF Hype, Furrever Token’s Referral Bonus: Ultim...

Corporate AI could undermine Web3 and decentralization — Industry observers

MATIC Price Falls Over 14% In 7 Days While Analysts Call Cosmic Kittens Pump

Ripple Will Unlock 1 Billion XRP in July! The Crypto is at Risk of Collapsing!

Alchemy Integrates ZetaChain, Empowers Developers To Build Universal Apps

Join our free newsletter for daily crypto updates!