{"id":69515,"date":"2022-11-03T11:54:00","date_gmt":"2022-11-03T09:54:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69515"},"modified":"2025-09-07T20:30:11","modified_gmt":"2025-09-07T17:30:11","slug":"marathon-digital-posts-record-615-btc-in-october","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/marathon-digital-posts-record-615-btc-in-october\/","title":{"rendered":"Marathon Digital posts record 615 BTC in October"},"content":{"rendered":"<p>The mining company Marathon Digital Holdings mined a record 615 BTC in October, increasing hashrate by about 84%.<\/p>\n<p>\\n\\n\\n\\n<\/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>\u2018s October 22 production update is out: <\/p>\n<p>\u2014 Produced a record 615 <a href=\\\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTC<\/a>\ud83d\udd25<br \/>\u2014 Increased HR to ~7.0 EH\/s \ud83d\udc4a<br \/>\u2014 69,000 active miners \ud83d\udc40<br \/>\u2014 <a href=\\\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTC<\/a> holdings = 11,285 <a href=\\\"https:\/\/twitter.com\/hashtag\/HODL?src=hash&#038;ref_src=twsrc%5Etfw\\\">#HODL<\/a><a href=\\\"https:\/\/t.co\/IUO7KnQYBE\\\">https:\/\/t.co\/IUO7KnQYBE<\/a><\/p>\n<p>\u2014 Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) <a href=\\\"https:\/\/twitter.com\/MarathonDH\/status\/1587899080084279296?ref_src=twsrc%5Etfw\\\">November 2, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>During the month the firm deployed around 32,000 new ASIC miners, generating ~3.2 EH\/s. As a result, by November 1 the Marathon fleet reached ~69,000 devices with total capacity around 7 EH\/s.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cOctober was the most productive month in Marathon&#8217;s history in terms of hash rate growth and Bitcoin production,\u201d commented Fred Thiel, Chairman and CEO of the company.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to him, the firm is on track to reach its goal of expanding mining capacity to 23 EH\/s by mid-2023. He added that the facilities for which the company <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-signs-hosting-agreements-for-about-254-mw-of-mining-capacity\">entered into hosting agreements<\/a> are still under construction.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>After all previously purchased equipment comes online, 66% of Marathon&#8217;s hashrate will be generated by Antminer S19 XP, which are about 30% more energy-efficient than the previous generation installations, the company stressed.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>As of October 31 Marathon&#8217;s reserves stood at 11,285 BTC (about $231.3 million) and $52.1 million in cash. Without <a href=\\\"https:\/\/forklog.news\/marathon-privlechet-100-mln-v-kredit-ot-silvergate-capital\/\\\">restrictions<\/a>, the company could deploy 3,464 BTC (about $71 million).<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier in October, Marathon reached a global settlement with former CEO Merrick Okamoto regarding compensation for restricted stock, agreeing <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-to-pay-24-million-to-former-ceo\">to pay him $24 million<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>As of September 30, the company <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-digital-raises-reserves-to-10670-btc\">held 10,670 BTC and $55.3 million<\/a> in fiat currency.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining company Marathon Digital Holdings mined a record 615 BTC in October, increasing hashrate by about 84%.<\/p>\n","protected":false},"author":1,"featured_media":69516,"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-69515","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":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69515","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=69515"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69515\/revisions"}],"predecessor-version":[{"id":69517,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69515\/revisions\/69517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69516"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}