Marathon Digital Holdings Inc (MARA)

[crudeoil24]

Marathon Digital Holdings Announces Bitcoin Production And Mining Operation Updates For August 2022
4:07 pm ET September 6, 2022 (Benzinga) Print
August 2022 and Recent Highlights

Operating mining fleet consists of approximately 34,000 active miners, producing approximately 3.2 EH/s, after approximately 25,000 miners (c. 2.5 EH/s) are successfully energized in August
Approximately 65,000 additional miners (c. 6.9 EH/s) are expected to be energized over the next 90 days
Produced 184 bitcoin in August 2022; year-to-date through August 31, 2022, produced 2,222 bitcoin, a 26% increase over the same time period in the prior year
Benefitted from a downward market price adjustment for the S19 XPs set to ship in September; benefits from price adjustments expected to continue as additional XPs are shipped in the October – December timeframe
Total bitcoin holdings increased to 10,311 BTC with a fair market value of $206.7 million as of August 31, 2022
Unrestricted bitcoin holdings were approximately 6,483 BTC with a fair market value of approximately $130.0 million
Unrestricted cash on hand was approximately $71.4 million at August 31, 2022
Previously announced exit from Hardin, MT facility along with the resales and/or redeployments of Hardin miners are expected to be completed by the end of September