{"id":50640,"date":"2021-10-04T19:07:15","date_gmt":"2021-10-04T16:07:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50640"},"modified":"2025-09-02T19:20:39","modified_gmt":"2025-09-02T16:20:39","slug":"marathon-boosts-bitcoin-production-by-91-in-q3","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/marathon-boosts-bitcoin-production-by-91-in-q3\/","title":{"rendered":"Marathon Boosts Bitcoin Production by 91% in Q3"},"content":{"rendered":"<p>Nasdaq-listed mining company Marathon Digital Holdings <a href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/10\/04\/2307888\/0\/en\/Marathon-Digital-Holdings-Announces-Bitcoin-Production-and-Mining-Operation-Updates-for-September-2021.html\">mined<\/a> 1,254.4 BTC in July\u2013September, up 91% from the second quarter. The firm also agreed with Silvergate Bank to open a $100 million revolving credit line.<\/p>\n<p>The company\u2019s wallets hold 7,035 BTC, worth $336.3 million, according to Marathon. The figure includes 4,812.66 BTC, <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-invests-150-million-in-bitcoin\">acquired<\/a> in January at an average of $31,168. In September, Marathon mined an additional 340.6 BTC.<\/p>\n<p>As of October 1, the company had received 26,960 ASIC miners from Bitmain. It expects delivery of another 8,459 machines. Due to global supply-chain disruptions, delivery is expected in mid-2022. By that time Marathon aims to grow its device fleet from 25,272 to 133,000, and their total hashrate from 2.7 EH\/s to 13.3 EH\/s.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"233\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-1.jpeg\" alt=\"Marathon Bitcoin mining up 91% in Q3\" class=\"wp-image-151814\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-1.jpeg 624w, https:\/\/u1f987.com\/wp-content\/uploads\/image-1-300x112.jpeg 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><figcaption>Bitcoin hashrate dynamics and Marathon mined BTC. Data: Marathon.<\/figcaption><\/figure>\n<\/div>\n<p>Funds under the Silvergate Bank revolving credit line may be used by Marathon for corporate purposes, including the purchase of Bitcoin mining equipment. The revolving credit line runs for one year with an option to extend.<\/p>\n<p>Earlier in the second quarter, Marathon Digital Holdings <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-digital-holdings-revenues-jump-220\">rose<\/a> 220% to $29.3 million. The total number of ASIC devices deployed by the company reached 19,395. Their total hashrate stood at 2.09 EH\/s.<\/p>\n<p>On July 22, <a href=\"https:\/\/u1f987.com\/en\/news\/fidelity-investments-buys-stake-in-marathon-digital-holdings\">Fidelity Investments acquired a stake in Marathon Digital Holdings<\/a>. Forbes valued the deal at $20 million.<\/p>\n<p>In August it emerged that investment firm <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-buys-stakes-in-marathon-digital-holdings-and-riot-blockchain\">BlackRock acquired 6.71% of Marathon&#8217;s shares for about $207 million<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed mining company Marathon Digital Holdings mined 1,254.4 BTC in July\u2013September, up 91% from the second quarter. The firm also agreed with Silvergate Bank to open a $100 million revolving credit line.<\/p>\n","protected":false},"author":1,"featured_media":50641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1185,26],"class_list":["post-50640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-marathon-digital-holdings","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50640"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50640\/revisions"}],"predecessor-version":[{"id":50642,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50640\/revisions\/50642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50641"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}