Marathon Digital’s June Bitcoin Production Jumps 599% Y/Y, JV in Abu Dhabi Begins Mining Operations

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Marathon Digital Holdings, Inc. (NASDAQ: MARA) produced 979 bitcoin in June, up 599% on a year-over-year basis. The print is down 21% from last month. The decreased production relative to last month was due to weather-related curtailment in Texas and a significant decrease in transaction fees. “In June, we increased our operational hash rate 16% month-over-month to 17.7 exahashes, and we increased our installed hash rate 8% month-over-month to 21.8 exahashes,” said Fred Thiel, Marathon’s chairman and CEO. The average BTC produced daily jumped 599% to 32.6 in June on a Y/Y basis. However, the m…

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