Mining company Marathon broke its own record in March, extracting 850 Bitcoins (BTC) worth about $24 million.
Bitcoin, which has been on the rise since January, also positively affects the mining industry. The mining company, which went through difficult processes and declared bankruptcy last year, continues to mark this year.
Marathon, one of the powerful mining companies, mined record levels of Bitcoin in the first quarter and March of the year. Marathon earned 2,195 Bitcoins from its mining operations in the first quarter, while it earned 850 Bitcoins in March.
Marathon Breaks Bitcoin Mining Record
Mining giant Marathon is issuing a record level of Bitcoin (BTC) in 2023.
Last year, the bankruptcy of FTX and the accompanying Bitcoin declines caused many bankruptcies in the mining industry. Core Scientific has filed for bankruptcy, announcing that it cannot continue its operations.
After 2022, which was the crypto winter, a year 2023 with strong rises draws attention. In this three-month period, where Bitcoin is based from $ 16 thousand to $ 30 thousand, positive signals are also coming in the other crypto sector.
Mining company Marathon has released reports for the first quarter and March of 2023. According to these reports, the company managed to increase its operational hash rate by 64 percent.
In addition, the company broke its own record in March, releasing about $24 million in Bitcoin. Another of the company’s own record came in the first quarter. In the first quarter, Marathon earned about $61.5 million in Bitcoin.
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