financetom
Business
financetom
/
Business
/
What's Going On With Bitcoin Mining Stock Marathon Digital Wednesday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
What's Going On With Bitcoin Mining Stock Marathon Digital Wednesday?
Oct 2, 2024 11:41 AM

Bitcoin (CRYPTO: BTC) miner Marathon Digital Holdings Inc on Wednesday released a production and mining operations update.

What Happened: Marathon Digital mined 705 Bitcoin in September, up 5% from August. The company's total Bitcoin holdings were 26,842 at the end of the month after opting not to sell any Bitcoin in September.

Marathon won 207 blocks last month, up 6% compared to August. The company said its energized hash rate increased 5% month-over-month to 36.9 EH/s in September. Marathon noted that it remains on track to reach its target of 50 EH/s by the end of the year.

“In September, the strength of our globally diversified operations was evident as we achieved significant uptime and increased our energized hash rate to 36.9 EH/s, reflecting 5% growth from August,” said Fred Thiel, chairman and CEO of Marathon Digital.

“Block wins during the month increased 6% from August while BTC production grew 5% to 705 BTC. We are proud to have surpassed a marathon worth of bitcoin HODL in September and currently have almost 27,000 BTC on our balance sheet.”

See Also: Why Bitcoin’s ‘Uptober’ Won’t Be A Smooth Ride: It’s The Election, Silly

Marathon said it became the first publicly traded digital asset compute company to submit a disclosure to the Climate Disclosure Project. The company noted that the submission reinforces its commitment to environmental transparency and corporate responsibility.

“Our team continues to quickly energize our owned sites and operate them more efficiently than originally planned. The conversion of our Granbury data center from air cooled to MARA’s immersion containers is progressing on time and we expect this work to be completed before year end,” Thiel added.

MARA Price Action: Marathon Digital shares were down 0.93% at $14.93 at the time of publication, according to Benzinga Pro.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Coeur Shares Are Trading Lower Monday: What's Going On?
Coeur Shares Are Trading Lower Monday: What's Going On?
Nov 3, 2025
Coeur Mining, Inc. ( CDE ) shares are trading lower on Monday after the company announced it entered into a definitive agreement to acquire New Gold. What To Know: Coeur and New Gold entered into a definitive agreement under which a wholly owned subsidiary of Coeur will acquire all issued and outstanding shares of New Gold through a court-approved plan...
US STOCKS-S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
US STOCKS-S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
Nov 3, 2025
* Kimberly-Clark ( KMB ) to acquire Kenvue ( KVUE ) for more than $40 billion * US manufacturing activity contracts in October * Fed officials offer conflicting viewpoints regarding a December rate cut (Updates to U.S. close) By Stephen Culp NEW YORK, Nov 3 - The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals...
Arsenal Capital Partners Completes Acquisition of ThermoSafe
Arsenal Capital Partners Completes Acquisition of ThermoSafe
Nov 3, 2025
NEW YORK and ARLINGTON HEIGHTS, Ill., Nov. 3, 2025 /PRNewswire/ -- Arsenal Capital Partners (Arsenal), a leading private equity investment firm that specializes in building market-leading industrial growth and healthcare companies, today announced it has completed the acquisition of ThermoSafe from Sonoco Products Company ( SON ) (Sonoco) . Based in Arlington Heights, Illinois, ThermoSafe is a global leader in...
Eastern Bankshares, Inc. Announces Completion of HarborOne Acquisition And Proration of Merger Consideration
Eastern Bankshares, Inc. Announces Completion of HarborOne Acquisition And Proration of Merger Consideration
Nov 3, 2025
BOSTON--(BUSINESS WIRE)-- Eastern Bankshares, Inc. ( EBC ) (“Eastern”) , the holding company for Eastern Bank, confirmed today that on November 1, 2025 Eastern completed its previously announced acquisition of HarborOne Bancorp, Inc. ( HONE ) (“HarborOne”) , the holding company for HarborOne Bank. Pursuant to the Agreement and Plan of Merger, dated April 24, 2025, among Eastern, Eastern Bank,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved