U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to its monthly status report.
Marathon’s January production marks a 45% increase from December 2022’s 475 BTC, according to the January report.
Marathon’s CEO, Fred Thiel, acknowledged the increase in production and said the firm would continue to sell more of its assets to cover operational costs.
“With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes.
We intend to continue to sell a portion of our bitcoin holdings in 2023 to fund monthly operating costs.”
Marathon ended January with a total …