MARA Announces Bitcoin Production And Mining Updates For June 2024; Average Operational Hash Rate Up 2% M/M To 26.3 EH/s And 102% YoY; Increased BTC Holdings To 18,536 BTC; Total Cash And BTC Of $1.4B As Of June 30, 2024
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings (MARA) announced its Bitcoin production and mining updates for June 2024. The company reported a 2% month-over-month increase in its average operational hash rate to 26.3 EH/s and a 102% year-over-year increase. MARA also increased its Bitcoin holdings to 18,536 BTC, with total cash and BTC valued at $1.4 billion as of June 30, 2024.
July 03, 2024 | 12:09 pm
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Marathon Digital Holdings (MARA) reported a 2% month-over-month increase in its average operational hash rate to 26.3 EH/s and a 102% year-over-year increase. The company also increased its Bitcoin holdings to 18,536 BTC, with total cash and BTC valued at $1.4 billion as of June 30, 2024.
The increase in operational hash rate and Bitcoin holdings indicates strong operational performance and financial health, which is likely to positively impact MARA's stock price in the short term.
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