One of the biggest Bitcoin miners, Marathon Digital Holdings (MARA), has raised its 2024 hash rate goal considerably. The company’s original goal of 35–37 exahash has been increased to 50 exahash by December, a 100% increase.
Fred Thiel, the chairman of Marathon, offered further information In this statement:
“We currently anticipate we can double Marathon’s mining activities in 2024 and reach 50 exahash by the end of the year, given the capacity available as a result of recent acquisitions and the amount of hash rate accessible through current machine orders and options.”
By utilizing its most recent purchases and getting access to new mining equipment, Marathon intends to accomplish this goal. Without looking for more funding, the company thinks it has adequate cash flow to finance the expansion.
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