Marathon Digital Holdings Announces Bitcoin Production PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Marathon Digital Holdings anunță producția de Bitcoin

Marathon Digital Holdings Announces Bitcoin Production PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Total Bitcoin Holdings to Increase to Approximately 5,518 BTC as Marathon’s Hashrate Increases to Approximately 1.9 EH/s

LAS VEGAS, June 02, 2021 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ:MARA) („Maraton” sau „Companie”), one of the largest enterprise Bitcoin self-mining companies in North America, today published unaudited bitcoin (“BTC”) production and miner installation updates for May 2021.

Corporate Highlights as of June 1, 2021

  • Produced 226.6 new minted bitcoins during May 2021, increasing total bitcoin holdings to approximately 5,518 with a fair market value of approximately $203.4 million
  • Cash on hand was approximately $191.8 million and total liquidity, defined as cash and bitcoin holdings, was approximately $395.1 million
  • Received approximately 16,809 S-19 Pro ASIC miners from Bitmain year to date with an additional 1,911 S-19 Pro ASIC miners currently in transit
  • Increased active mining fleet to approximately 17,655 miners, generating approximately 1.9 EH/s
  • On May 31, 2021, announced that the Company’s Bitcoin mining pool, MaraPool, was adopting and implementing Bitcoin Core version 0.21.1

Bitcoin Production Update
As of June 1, 2021, Marathon’s mining fleet has produced approximately 580.5 newly minted bitcoins during 2021. By month, the Company’s bitcoin production was as follows:

  • January 2021: 50.4 BTC
  • February 2021: 43.4 BTC
  • March 2021: 97.9 BTC
  • April 2021: 162.1 BTC
  • May 2021: 226.6 BTC

As a result, Marathon currently holds approximately 5,518 BTC, including the 4,812.66 BTC the Company purchased in January 2021 for an average price of $31,168 per BTC. On May 31, 2021, the fair market value of one bitcoin was approximately $36,857, implying that the approximate fair market value of Marathon’s current bitcoin holdings is approximately $203.4 million.

Miner Installations and Hashrate Growth
As of June 1, 2021, Bitmain has delivered approximately 16,809 S-19 Pro ASIC miners to the Company’s mining facility in Hardin, MT, all of which were delivered on time and as scheduled. During the month of May, Marathon installed 5,571 new miners, increasing the Company’s active mining fleet to approximately 17,655 miners, generating approximately 1.9 EH/s.

New miners continue to be installed on a daily basis. Based on current delivery and installation schedules, Marathon continues to expect all previously purchased miners to be fully installed by the end of the first quarter of 2022, at which point, the Company’s mining fleet will consist of approximately 103,120 miners, generating approximately 10.37 EH/s.

Implementing Bitcoin Core Version 0.21.1 (Taproot)
On May 31, 2021, Marathon announced that the Company’s Bitcoin mining pool, MaraPool, was adopting and implementing Bitcoin Core version 0.21.1, which includes the Taproot soft fork, without modification. As a result, MaraPool will no longer filter transactions. The update is expected to begin this week with Taproot signaling commencing the following week, at which point, the pool will begin validating transactions in a manner consistent with all other miners who use the standard node. The full press release is accessible at acest link.

Comentariu de management
“In May, we produced 226.6 bitcoins, which is a 40% increase from the 162.1 bitcoins we produced in April, and we increased our hashrate to 1.9 EH/s after installing another 5,571 miners,” said Fred Thiel, Marathon’s CEO. “As a result, we were producing nearly 10 bitcoins per day on average at the end of the month. Given our current delivery schedule and the macro events affecting the global network hashrate, Marathon is particularly well positioned to scale and thrive in the current mining environment. Delivery and installation of new miners continue to progress well, and we remain on track to meet our objectives of transitioning our operations to 70% carbon neutral and having all our previously purchased miners online by the end of the first quarter of next year.”

Notificare pentru investitori
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2020. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hashrate may also materially affect the future performance of Marathon’s production of Bitcoin. Additionally, all discussions of financial metrics assume mining difficulty rates as of June 2021. See “Safe Harbor” below.

Alte Declaratii anticipative
Declarațiile făcute în acest comunicat de presă includ declarații prospective în sensul secțiunii 27A din Securities Act din 1933, astfel cum a fost modificată, și al secțiunii 21E din Securities Exchange Act din 1934. Declarațiile prospective pot fi identificate prin utilizarea cuvintelor cum ar fi „poate”, „va”, „planifica”, „ar trebui”, „așteaptă”, „anticipă”, „estime”, „continuă” sau terminologie comparabilă. Asemenea declarații prospective sunt în mod inerent supuse anumitor riscuri, tendințe și incertitudini, multe dintre care Compania nu le poate prevedea cu acuratețe și unele dintre care Compania ar putea nici măcar să nu le anticipeze și să implice factori care pot face ca rezultatele reale să difere semnificativ de cele proiectate sau sugerat. Cititorii sunt atenționați să nu se bazeze în mod nejustificat pe aceste declarații prospective și sunt sfătuiți să ia în considerare factorii enumerați mai sus împreună cu factorii suplimentari de la rubrica „Factori de risc” din Rapoartele anuale ale companiei pe formularul 10-K, după cum pot fi completate. sau modificate prin Rapoartele trimestriale ale Companiei pe Formularul 10-Q. Compania nu își asumă nicio obligație de a actualiza sau suplimenta declarațiile prospective care devin neadevărate din cauza evenimentelor ulterioare, a informațiilor noi sau a altora.

Despre Marathon Digital Holdings
Marathon este o companie de tehnologie a activelor digitale care extrage criptomonede cu accent pe ecosistemul blockchain și pe generarea de active digitale.

Marathon Digital Holdings Company Contact:
Jason Assad
Telefon: 678-570-6791
E-mail: 

Marathon Digital Holdings Investor Contact:
Gateway Relații cu investitorii
Matt Glover and Charlie Schumacher
Telefon: 949-574-3860
E-mail: 

Source: https://e-cryptonews.com/marathon-digital-holdings-announces-bitcoin-production/

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