Marathon Digital Holdings Announces Bitcoin Production And Mining Operation Updates For September 2023; Produced 1,242 BTC In September 2023 And 8,610 BTC Year-To-Date
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings (NASDAQ:MARA) announced its Bitcoin production and mining operation updates for September 2023. The company produced 1,242 BTC in September, a 16% increase from the previous month and a 245% increase from September 2022. The company's share of the Bitcoin network's available miner rewards was a record 4.3%. The company's combined unrestricted cash and Bitcoin was $471 million as of September 30, 2023. The company also retired the majority of its convertible debt at a significant discount.
October 04, 2023 | 12:34 pm
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Marathon Digital Holdings reported a significant increase in Bitcoin production and miner rewards. The company also improved its financial position by retiring most of its convertible debt.
The increase in Bitcoin production and miner rewards indicates that Marathon's operations are performing well. The retirement of most of its convertible debt improves the company's financial position, which could make it more attractive to investors.
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