Historical and Potential Hash Rate Growth Based on Current Shipment Schedules of Previously Purchased Miners (Subject to Change)
Corporate Highlights as of
- Produced 469.6 new minted bitcoins during
August 2021 , increasing total bitcoin holdings to approximately 6,695 with a fair market value of approximately$316.4 million - Cash on hand was approximately
$70.9 million and total liquidity, defined as cash and bitcoin holdings, was approximately$387.3 million - Received approximately 21,584 top-tier ASIC miners from Bitmain year to date with an additional 5,916 ASIC miners currently in transit
- Existing mining fleet consists of 22,412 active miners producing approximately 2.3 EH/s
Bitcoin Production Update
As of
As a result, Marathon currently holds approximately 6,695 BTC, including the 4,812.66 BTC the Company purchased in
Miner Installations and Hash Rate Growth
As of
Management Commentary
“During August, the total network’s hash rate increased more than 15%, and during that same time, we increased our bitcoin production by 6% month-over-month to 469.6 BTC,” said
Investor Notice
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
Forward-Looking Statements
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.
About
Marathon is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.
Marathon Digital Holdings Company Contact:
Telephone: 800-804-1690
Email: charlie@marathondh.com
Two figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/d6cf6d53-aa7d-4aae-8a8f-e4c5770b5365
https://www.globenewswire.com/NewsRoom/AttachmentNg/c140ddc5-3a3a-4774-9f7e-dd7321f25eff
Figure 1
Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for August 2021
Figure 2
Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for August 2021
2021 GlobeNewswire, Inc., source