Market Update: 4 Blocks For MARA

Published: Tue, 08/09/22

August 9, 2022
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Welcome back, MARA Pool

Marathon Digital is kicking back to life.

 

The Las Vegas-based company announced 40 megawatts (MW) worth of units have come online at Compute North’s McCamey, Texas hosting facility, as of Monday.

 

The mining giant–one the early Nasdaq listed miners thanks to its early days as a patent holding company–has struggled to find rack space for its projected 23 EH/s of machines. Indeed, the Las Vegas-based company mined only 72 Bitcoin in July.

 

“With the energization of this facility, approximately 40,000 of our installed miners, representing 3.9 exahashes per second, are now in the process of coming online in Texas,” Marathon Digital CEO Fred Theil said in a statement

 

You can watch Marathon win Bitcoin in real time. Marathon mines directly to its own pool, MARA Pool, which has already found four blocks. The Bitcoins are the first wins for the pool since early June when the firm’s Hardin, Montana site was shut down following storm-related damages.

Disclaimer: This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any investment or to adopt any investment strategy. This information is for educational purposes only and is as of the date of that particular presentation. Compass does not guarantee profits from mining activity.

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Bitcoin price ($)

Bitcoin broke above $24,000 for the third time in the last 30 days. The asset is now trading hands at around $23,100.

Difficulty (T)

Bitcoin’s mining difficulty increased 1.7% last week, following three successive decreases from mid-June onward.

Hashprice ($, Sats)

Hashprice remains arounds $0.10, near 2020 lows. When denominated in Satoshis, hashprice sits at levels last found in March.

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