{"id":59648,"date":"2022-04-05T18:22:02","date_gmt":"2022-04-05T15:22:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59648"},"modified":"2025-09-04T23:00:49","modified_gmt":"2025-09-04T20:00:49","slug":"marathon-mines-1258-6-btc-in-q1-2022","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/marathon-mines-1258-6-btc-in-q1-2022\/","title":{"rendered":"Marathon mines 1,258.6 BTC in Q1 2022"},"content":{"rendered":"<p>In the first quarter of 2022, the American mining company Marathon Digital Holdings mined 1,258.6 BTC. This is 556% higher than in the same period a year earlier.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24MARA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MARA<\/a>&#8216;s March 2022 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Production Update<\/p>\n<p>\u2014 Record 1,259 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> in Q1 2022, \u2b06\ufe0f 566% y-o-y &#038; \u2b06\ufe0f 15% from Q4 2021<br \/>\u2014 Total BTC holdings = 9,374 BTC <a href=\"https:\/\/twitter.com\/hashtag\/HODL?src=hash&#038;ref_src=twsrc%5Etfw\">#HODL<\/a> <br \/>\u2014 Hash rate \u2b06\ufe0f 14% from Q4 2021<br \/>\u2014 Miners expected to be energized in the coming weeks<a href=\"https:\/\/t.co\/6D7QS4ZhGM\">https:\/\/t.co\/6D7QS4ZhGM<\/a><\/p>\n<p>\u2014 Marathon Digital Holdings (@MarathonDH) <a href=\"https:\/\/twitter.com\/MarathonDH\/status\/1511091115595898884?ref_src=twsrc%5Etfw\">April 4, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Under its strategy of accumulating mined cryptocurrency, the firm increased reserves to 9,373.6 BTC. This total includes 4,813 BTC acquired in January 2021 at an average price of $31,168.<\/p>\n<p>The last time Marathon sold digital gold was in October 2020.<\/p>\n<p>As of March 31, the company\u2019s hash rate stood at roughly 3.9 EH\/s, up 15% for the quarter. In its last month alone, Marathon added about 5,600 Antminer S19 ASIC miners from Bitmain, completing the deployment of 1,320 devices.<\/p>\n<p>The total fleet of operating equipment stood at 36,830 miners.<\/p>\n<p>Marathon confirmed plans by early 2023 to <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-to-lift-hash-rate-by-more-than-600-after-a-record-purchase-of-miners-from-bitmain\">increase the hash rate to 23.3 EH\/s<\/a>, deploying around 199,000 ASIC devices. However, they acknowledged that implementation was about 45 days behind schedule.<\/p>\n<p>CEO Fred Thiel said the challenges stem from pursuing the policy of a full transition to carbon-neutral mining by year-end, linked to the need to ensure a reliable power supply, which requires coordination among stakeholders and additional permits.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abDeploying behind the meter at renewable-energy facilities has many advantages for our business, the grid and local communities. But this innovative approach comes with unique challenges that we have had to overcome: notably, feeding electricity back to the power plant from the grid at scale\u00bb, \u2014 he noted.<\/p>\n<\/blockquote>\n<p>According to the press release, after receiving final approval in late March, the installation of miners at <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-to-host-more-than-100000-bitcoin-miners-at-compute-north-facilities\">new Compute North<\/a> facilities in western Texas is proceeding at an accelerated pace.<\/p>\n<p>Marathon also said it would wind down operations at the Hardin data center in Montana, which is powered by a coal-fired plant, by the end of 2022.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re going green \ud83c\udf31<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/RenewableEnergy?src=hash&#038;ref_src=twsrc%5Etfw\">#RenewableEnergy<\/a> <a href=\"https:\/\/t.co\/TredpHIfXN\">https:\/\/t.co\/TredpHIfXN<\/a><\/p>\n<p>\u2014 Marathon Digital Holdings (@MarathonDH) <a href=\"https:\/\/twitter.com\/MarathonDH\/status\/1511320972619571202?ref_src=twsrc%5Etfw\">April 5, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In August 2021, the United States <a href=\"https:\/\/u1f987.com\/en\/news\/us-takes-the-lead-in-bitcoin-hashrate-share\">emerged as the leader in Bitcoin hash-rate share<\/a>, overtaking China\u2019s mining ban.<\/p>\n<p>According to Arcane Research, in 2022 American miners will further <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-american-miners-will-gain-market-share-and-bitcoins-on-their-balance-sheets\">increase their share of the market<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first quarter of 2022, the American mining company Marathon Digital Holdings mined 1,258.6 BTC. This is 556% higher than in the same period a year earlier.<\/p>\n","protected":false},"author":1,"featured_media":59649,"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],"class_list":["post-59648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-marathon-digital-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59648","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=59648"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59648\/revisions"}],"predecessor-version":[{"id":59650,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59648\/revisions\/59650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59649"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}