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Seeking Alpha 2022-04-04 21:56:12

Marathon Digital mined 436 bitcoins in March, a M/M jump of 21%

Cryptocurrency miner Marathon Digital (NASDAQ:MARA) produced 436.1 self-mined bitcoins (BTC-USD) in March, a M/M jump of 21%, according to its operation updates. Total BTC holdings expanded to 9,373.6 with a fair market value of approximately $427.7M as of April 1. Cash on hand was ~$118.5M and total liquidity, defined as cash and bitcoin (BTC-USD) holdings, was approximately $546.2M. Received ~5.6K S19 ASIC miners from Bitmain. And its existing fleet consisted of 36.83K active miners producing ~3.9 exahash per second. It currently holds ~9,373.6 BTC, including the 4,813 BTC the company bought in Jan. 2021 for an average price of $31.16K per token. As of April 1, the fair market value of its BTC holdings was ~$427.7M. Furthermore, "to ensure we have a consistent power supply when the renewable sources are operating intermittently, we also needed power to flow from the grid back into the power station at scale," said Marathon

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