American mining company Marathon Digital Holdings reported that its Bitcoin reserves have surpassed 26,200 BTC, equivalent to approximately $1.68 billion at current prices. This amount of cryptocurrency translates to about 88 BTC per million company shares.
In its latest financial report, Marathon Digital noted that during the last quarter, it mined 2,195 BTC, increasing production by 245% compared to the same period last year. The company operates mining equipment with a total capacity of 13.3 EH/s and plans to expand it to 23 EH/s by the end of the year.
Marathon Digital CEO Fred Thiel emphasized that the company's strategy is to accumulate Bitcoin on its balance sheet, allowing it to benefit from the potential appreciation of the cryptocurrency. Meanwhile, Marathon Digital continues to expand its mining capacities and optimize operational expenses.
