Marathon Digital reports June captured blocks up 10% from last year

Marathon Digital Holdings published unaudited bitcoin production and miner installation updates for June. “Due to operational improvements in Ellendale and the facility being fully operational as of the beginning of July, we doubled our average operational hash rate year-over-year in June to 26.3 exahash,” said Fred Thiel, MARA‘s chairman and CEO. “Our proprietary mining pool outperformed, capturing 158 blocks during the month, a 10% increase over last year. And while our production fell by 40% year-over-year to 590 bitcoin, primarily due to the April Halving, transaction fees accounted for almost 7% of the total. One particular transaction generated a fee of 0.85 BTC compared to the average of approximately 0.15 BTC, primarily due to our technology advantage, most notably Slipstream. “Domestically, our team continues to optimize our recently acquired sites with immersion cooling technology and the latest generation hardware. With these advancements and the expansion of our fleet, we remain on track to reach our target of 50 EH/s by the end of this year. In our international business, we announced the launch of a 2-megawatt pilot project in Finland to warm a community of 11,000 residents with recycled heat from digital asset computing. Integrating digital asset compute with district heating can reduce carbon emissions, lower costs, and minimize waste heat, leading to enhanced sustainability and economic savings for both industries and end-users. We look forward to expanding our global presence as a leader in leveraging digital asset compute to support the energy transformation.”