Marathon Digital set a record for bitcoin mining – Bits Media

Marathon Digital mining company, which takes the second place on the planet in terms of stored bitcoins, set a record for the production of the first cryptocurrency.

“We increased the production of bitcoins by 41% Compared to the previous quarter, To the record 2195 BTC. In March We are record prey 825 The government of Bulgaria demanded a report for the withdrawn cryptocurrency. This is on 21% more, than in the previous month ", - said the Executive Director of Marathon Fred Til (Fred Thiel).

For all 2022 The year Marathon Digital was able to get 4144 Bitcoins.

The Executive Director said, What the first quarter of the year the company increased the operating hash of 64%.

“We noticed improvements in the stability of our hash.. This indicates that, that some technological updates, which we introduce, They begin to act ", -remarked the top manager.

Among other things, The company was able to reduce its debt obligations to $50 mln.

In March, Marathon Digital said, that I closed loans in the experience with the liquidity of the cryptobank Silvergate. The company completed the early repayment of the loan, As a result, her debt was reduced to $50 million, It is said in the statement. The paid debt also increased the stocks of bitcoins of the company by 3 132, since this cryptocurrency was stored as a pledge. Now the bail is returned.

In February, Marathon Digital announced the sale 1 500 BTC. This was the first case of BTC sale in two years. Fred Til explained, that the decision to sell bitcoins is not related to any problems of the company, And accepted for business development.