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Stock impact report

MARA Announces Bitcoin Production and Mining Operation Updates for June 2024

MARA Holdings, Inc. (MARA) 
Last mara holdings, inc. earnings: 8/14 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.marathonpg.com
Company Research Source: GlobeNewswire
Average Operational Hash Rate Increases 2% M/M to 26.3 EH/sIncreased BTC Holdings to 18,536 BTC; Total Cash and BTC of $1.4 B as of June 30, 2024 Fort Lauderdale, FL, July 03, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("MARA” or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin (“BTC”) production and miner installation updates for June 2024. Management Commentary"Due to operational improvements in Ellendale and the facility being fully operational as of the beginning of July, we doubled our average operational hash rate year-over-year in June to 26.3 exahash," said Fred Thiel, MARA’s chairman and CEO. "Our proprietary mining pool outperformed, capturing 158 blocks during the month, a 10% increase over last year. And while our production fell by 40% year-over-year to 590 bitcoin, primarily due to the April Halving, transaction fees accounted for almost 7% Show less Read more
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