Marathon Q2 Bitcoin production down 44% as fleet remains crippled
Marathon had a particularly rough production month in June after 75% of its fleet went down. It's still uncertain when its mining facilities will be able to come back online. Bitcoin (BTC) mining company Marathon Digital Holdings experienced a steep 43.8% decline in Bitcoin production over the second quarter of 2022, with June registering as the company’s least productive month in over a year following the fall of its Montana facility. In its latest mining operation update released on July 7, Marathon reported that it produced 707.1 Bitcoin in Q2 2022, down 43.8% from 1258.6 Bitcoin mined....
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Marathon’s CEO Fred Thiel said that it will take time to get the facility back to full strength, but that the company could decide to speed up its move out of Hardin. Bitcoin mining company Marathon Digital Holdings has revealed that 75% of its mining capability has been out of commission since a severe storm hit Montana on June 11. Marathon finally issued a statement on its website on June 28 explaining that the storm struck across the town of Hardin, Montana on June 11, damaging the power generating facility that supplies Marathon’s local mining operations. According to the company,....
Marathon has revealed that the mining company has produced 47% less Bitcoin than expected during this past month of May. Marathon’s Bitcoin Mining Production Took A Hit Due To Power Issues Last Month Marathon Digital Holdings yesterday released in a press release its BTC mining updates for the month of May 2022. During this month, […]