Marathon is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem, and is in the process of becoming one of the largest and most sustainable Bitcoin mining operations in North America, as it claims.

In June 2023, Marathon Digital Holdings created 979 Bitcoin (BTC), bringing the total for the year to 5,120 BTC.

The installed hash rate increased 8% to 21.8 EH/s, while the operational hash rate increased 16% to 17.7 exhashes per second (EH/s). reach 7 EH/s by the end of the year.

The joint venture in Abu Dhabi has started mining operations and is on track to reach 7 EH/s by the end of the year.

The company reported unrestricted cash and cash equivalents of $114 million and increased unrestricted Bitcoin holdings to 12,538 BTC (approximately $382 million) as of June 30, 2023.

The decrease in bitcoin production compared to the previous month was due to the weather-related restriction in Texas and a significant decrease in transaction fees.

MarathonThe operating fleet of increased to approximately 149,900 Bitcoin miners, theoretically capable of producing approximately 17.7 EH/s, as of July 1, 2023.

Marathon sold 700 BTC during June and plans to sell a portion of its bitcoin holdings in future periods to support monthly operations, manage its treasury, and for general corporate purposes.