{"id":73529,"date":"2023-02-03T10:20:03","date_gmt":"2023-02-03T08:20:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73529"},"modified":"2025-09-09T14:40:11","modified_gmt":"2025-09-09T11:40:11","slug":"marathon-digital-sold-1500-btc-in-january","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/marathon-digital-sold-1500-btc-in-january\/","title":{"rendered":"Marathon Digital Sold 1,500 BTC in January"},"content":{"rendered":"<p>The mining company Marathon Digital sold 1,500 BTC in January to cover part of its costs.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\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 January Production Update is here:<\/p>\n<p>\u26cf\ufe0f \ud83d\udd3c Prod. a Record 687 BTC in Jan<br \/>\u26cf\ufe0f \ud83d\udd3c 45% Increase From Prior Month<\/p>\n<p>\ud83d\udcb5 \ud83d\udd3c Unrestricted Cash to $133.8M<br \/>\ud83d\udd36 \ud83d\udd3c Unrestricted BTC to 8,090 BTC<\/p>\n<p>Read the full report here: <a href=\\\"https:\/\/t.co\/QFool6SNWe\\\">https:\/\/t.co\/QFool6SNWe<\/a><\/p>\n<p>\u2014 Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) <a href=\\\"https:\/\/twitter.com\/MarathonDH\/status\/1621296283620356096?ref_src=twsrc%5Etfw\\\">February 2, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>As bitcoin mining grows and becomes more stable, we have made a strategic decision to sell part of our coins, as planned earlier, to cover some of our operating costs and pursue corporate goals,&#8221; said the company&#8217;s CEO Fred Til.<\/p>\n<\/blockquote>\n<p>According to him, Marathon Digital will continue selling digital gold this year &#8220;to fund monthly operating expenses&#8221;.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;In total, the firm holds 11,418 BTC, of which about 8,090 BTC ($187.2 million) are unrestricted in use,&#8221; the press release said.<\/p>\n<\/blockquote>\n<p>Marathon Digital is one of the largest holders of the leading cryptocurrency among public companies, second only to MicroStrategy. Among Bitcoin whales, the firm\u2019s competitors also include Hut 8 and Riot Blockchain. <\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"335\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/treasuries-1-1024x335.png\\\" alt=\\\"treasuries-1\\\" class=\\\"wp-image-197064\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/treasuries-1-1024x335.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/treasuries-1-300x98.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/treasuries-1-768x251.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/treasuries-1.png 1031w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: <a href=\\\"https:\/\/bitcointreasuries.net\/\\\">Bitcoin Treasuries<\/a>.<\/figcaption><\/figure>\n<p>Sell-side pressure from miners did not stop Bitcoin&#8217;s rebound at the start of the year. In January, the price of the leading cryptocurrency rose by about 40%. At the time of writing, the asset was trading around $23,460. <\/p>\n<p>Earlier ForkLog reported that at the end of last year Marathon Digital <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-digital-narrows-quarterly-loss-to-75-4-million\">was able to reduce losses to $75.4 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining company Marathon Digital sold 1,500 BTC in January to cover part of its costs.<\/p>\n","protected":false},"author":1,"featured_media":73530,"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-73529","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":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73529","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=73529"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73529\/revisions"}],"predecessor-version":[{"id":73531,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73529\/revisions\/73531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73530"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}