Marathon Digital produces 475 bitcoin in December

Marathon Digital published unaudited bitcoin production and miner installation updates for December 2022. "In 2022, we made significant progress in increasing our hash rate while also transitioning to more sustainable power sources," said Fred Thiel, Marathon’s Chairman and CEO. "Despite challenges earlier in the year, we doubled our hash rate to 7.0 exahashes per second year-over-year, with a majority of it now located at the King Mountain wind farm in West Texas. We finished the year with one of our most productive quarters to date, producing 1,562 bitcoin in the fourth quarter… As we enter 2023, we remain confident in our ability to scale Marathon into one of the largest and most energy efficient Bitcoin mining operations globally. We have thousands of miners ready to be energized over the coming months, which we expect to more than triple our current production capacity to approximately 23 exahashes by mid-year." Recent Highlights: Produced 475 BTC in December 2022 and 1,562 BTC in Q4 2022; Produced 4,144 BTC in fiscal year 2022, a 30% increase from 3,197 BTC produced in fiscal year 2021; As of January 1, operating mining fleet consisted of approximately 69,000 active miners, capable of producing approximately 7.0 EH/s; 2.1 EH/s is currently pending energization after 1,000 S19 XPs were installed in December; Depending on Applied Digital’s energization timeline, the Company expects to have between 12.0 EH/s and 15.0 EH/s online by March 31, 2023