Marathon Digital Holdings generated 442.2 new bitcoins during July, up from 265.6 in June.

  • It now has total holdings of about 6,226 bitcoins with a market value of $260.7 million.
  • The Las Vegas-based company said it has produced 1,288.3 bitcoins this year through Aug. 1.
  • Marathon reported cash on hand of $91.9 million and total liquidity, defined as cash and bitcoin holdings, of about $352.6 million.
  • The company said it has received 19,401 S19 Pro application-specific integrated circuit (ASIC) mining machines from Bitmain this year, with another 4,287 on the way. Its mining fleet now consists of 19,395 active miners producing 2.09 exahashes/per second, which means the machines can calculate 2.09 quintillion equations per second. One quintillion is a number followed by 18 zeros.
  • On Sunday, the firm announced it had purchased 30,000 S19j Pro miners from Bitmain. Once all the mining machines are deployed, it is expected to increase Marathon’s operations to 133,000 mining machines producing about 13.3 EH/s.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.