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Marathon’s Bitcoin mining rate fell 9% in August

Published 09/06/2023, 03:48 AM
Updated 09/06/2023, 05:20 AM
© Reuters.
BTC/USD
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United States-based crypto mining operator Marathon Digital Holdings produced 1,072 Bitcoin (BTC) in August — 9% less than in July but five times more than in August 2022.

On Sept. 5, Marathon shared the unaudited BTC production and miner installation updates for August. According to the press release, the company increased its U.S. operational hash rate by 2% month-over-month to 19.1 exahashes in August, and it increased its installed hash rate by 1% month-over-month to 23.1 exahashes. The rise occurred due to the upgrade of Bitmain Antminer S19j Pro miners to more efficient S19 XP (NASDAQ:XP) models.

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