Corporate Highlights as of
- Produced 442.2 new minted bitcoins during
July 2021 , increasing total bitcoin holdings to approximately 6,225.6 with a fair market value of approximately$260.7 million - Cash on hand was approximately
$91.9 million and total liquidity, defined as cash and bitcoin holdings, was approximately$352.6 million - Received approximately 19,401 S19 Pro ASIC miners from Bitmain year to date with an additional 4,287 S19 Pro ASIC miners currently in transit
- Successfully completed scheduled maintenance and upgrades to the Company’s existing mining fleet as well as the annual inspection of facilities
- Existing mining fleet consists of 19,395 active miners producing 2.09 EH/s
- On
August 1, 2021 , announced the purchase of an additional 30,000 S19j Pro miners from Bitmain, which is expected to increase Marathon’s mining operations to approximately 133,000 miners producing approximately 13.3 EH/s once all miners are deployed
Bitcoin Production Update
As of
January 2021 : 50.4 BTCFebruary 2021 : 43.4 BTCMarch 2021 : 97.9 BTCApril 2021 : 162.1 BTCMay 2021 : 226.6 BTCJune 2021 : 265.6 BTCJuly 2021 : 442.2 BTC
As a result, Marathon currently holds approximately 6,225.6 BTC, including the 4,812.66 BTC the Company purchased in
Miner Installations and Hash Rate Growth
As of
Management Commentary
“Due predominantly to favorable changes in the global hash rate, July proved to be an immensely productive month for our mining operations,” said
“With the scheduled maintenance now complete, we are turning our attention back to deploying new miners and scaling our operations. Yesterday, we announced that we purchased an additional 30,000 miners from Bitmain. As a result, we now expect our mining fleet to consist of 133,000 miners generating 13.3 EH/s at full deployment. As of
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
Jason Assad
Telephone: 678-570-6791
Email: Jason@marathondh.com
Source:
2021 GlobeNewswire, Inc., source