“During the month of August, we continued to bring additional hash online and our energized hash rate grew to 35.2 EH/s, an 11% increase over July,” said Fred Thiel, MARA‘s chairman and CEO. “We are proud to have mined our 4,000th block during August. Block wins during the month declined 2% from July while BTC production decreased 3% to 673 BTC. We continue to invest in our mining operations and grow our business, utilizing every available resource and strategy.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MARA:
- MARA Announces Bitcoin Production and Mining Operation Updates for August 2024
- Crypto Currents: Bitfarms assumes control of Sharon, PA data center
- Crypto Currents: Bitfarms to acquire Stronghold in stock-for-stock merger
- Marathon Digital price target lowered to $12 from $14 at JPMorgan
- Here’s What You Missed in Crypto This Week