MARA Holdings Reports August 2024 Bitcoin Mining Update: Energized Hash Rate Rises 11% To 35.2 EH/s, BTC Production Totals 673, And CEO Fred Thiel Reaffirms 50 EH/s Target By Year-End
Portfolio Pulse from Benzinga Newsdesk
MARA Holdings reported an 11% increase in its energized hash rate to 35.2 EH/s in August 2024, with a total Bitcoin production of 673 BTC. CEO Fred Thiel reaffirmed the company's target of reaching a 50 EH/s hash rate by the end of the year.
September 04, 2024 | 12:17 pm
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MARA Holdings increased its energized hash rate by 11% to 35.2 EH/s in August 2024, producing 673 BTC. The company aims to reach a 50 EH/s hash rate by year-end, as reaffirmed by CEO Fred Thiel.
The increase in hash rate and BTC production indicates operational growth, which is positive for MARA's revenue potential. The reaffirmation of the year-end target by the CEO suggests confidence in achieving further growth, likely boosting investor sentiment.
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