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Marathon Bitcoin Production Q3 $100 Million Line Credit

  • Marathon Digital Holdings produced 340.6 bitcoin throughout September and a complete of 1,252.4 BTC throughout Q3 2021, a 91% improve in manufacturing quarter-over-quarter.
  • The firm now holds 7,035 bitcoin price roughly $337.7 million on the time of writing.
  • Marathon additionally obtained a $100 million revolving line of credit score on October 1, secured by BTC and USD, with Silvergate Bank.
  • The miner’s present fleet consists of 25,272 energetic miners with a hashrate capability of round 2.7 exahashes per second (EH/s).

Bitcoin miner Marathon Digital Holdings has revealed updates to its bitcoin manufacturing and miner set up for September and introduced a brand new $100 million revolving line of credit score (RLOC) with Silvergate Bank, in accordance to a press release.

Marathon produced 340.6 new bitcoin throughout September, a 27% lower from August. The agency produced 1,252.4 BTC throughout the third quarter, rising its manufacturing by 91% quarter-over-quarter. The firm holds roughly 7,035 bitcoin, price round $337.7 million on the time of writing.

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