Marathon ramped up bitcoin reserves to 6 225.6 BTC – Bits Media

The American mining company Marathon reported that, what did you get in July 442.2 BTC. Coins remained in wallets. The total amount of stored bitcoins has reached 6 225.6 BTC.

At the current exchange rate, bitcoins in Marathon wallets are valued at $235 million. Still about $92 million lies on banking company accounts. In this way, free Marathon funds are about $327 million.

Marathon operates 130 120 ASIC miners. Since the beginning of the year, the company has received 19 401 Antminer S19 Pro from the Chinese manufacturer Bitmain. 4 287 more ASIC miners are in the process of delivery.

Since the beginning of the year, Marathon has mined 1,288.2 BTC. None of them were sold. Besides, in January of this year, the company additionally bought 4,812.66 BTC at an average price of $ 31,168.

"Despite, that at the end of July our miners were turned off for five days for maintenance and updates, as well as an annual survey of our buildings, we were still able to increase production by 66% and get 442.2 BTC », - noted the CEO of Marathon Fred Thiel (Fred Thiel).

According to Thiel, the increase in bitcoin mining was facilitated by a significant decrease in the hash rate of the network in the last month, prohibition-related
mining in China. The company previously reported
on the purchase of 30,000 new ASIC miners Antminer S19j Pro. It is this delivery that will bring the number of devices running Marathon to 133,000.