08:48 AM EDT, 07/03/2024 (MT Newswires) -- Marathon Digital Holdings ( MARA ) said Wednesday it produced 590 bitcoins in June, down 40% from a year earlier and 4% lower compared with the output in May.

The firm said it had 18,536 BTC on its balance sheet, and combined cash and bitcoin holdings were about $1.43 billion as of June 30.

Marathon also said it increased its average operational hash rate by 102% year-on-year in June to 26.3 exahash.

Shares of the company were down 2.5% in recent Wednesday premarket activity.

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