Marathon Digital reports 31% drop in April self-mined bitcoin

Marathon Digital (NASDAQ:MARA) reported total bitcoin holdings of 9,673 BTC as of May 1, 2022 with a fair market value of $365.5M; this is in comparison to 9,373.6 as of Apr.1. YTD, Marathon's mining fleet has produced 1,558 bitcoin (+340% Y/Y). The company installed 4,183 miners, representing ~0.4 EH/s in containers at new facility in Texas. Operating mining fleet consists of 36,830 active miners producing ~3.9 EH/s with thousands of additional miners expected to be energized in May. During April 2022, the company produced 299 self-mined bitcoin compared to 436.1 in March due to ongoing maintenance and downtime at the power plant in Hardin, MT. Cash on hand stood at ~$40.4M and total liquidity, now defined as cash and available credit facilities, was ~$70.4M. The company also holds 9,673 BTC with a fair market value of $365.5M. Marathon continues to expect its mining operations to be 100% carbon neutral by 2022-end. Given the