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Bitcoin Miner Marathon Digital Is Moving Higher Thursday: What’s Going On?

Published by
Benzinga

Marathon Digital Holdings Inc (NASDAQ: MARA) shares are trading higher Thursday after the company provided a Bitcoin (CRYPTO: BTC) production update for December. What Happened: Marathon reported record production of 1,853 bitcoin last month bringing total bitcoin production for 2023 up to 12,852. The company now owns more than 15,000 bitcoin. Marathon also said it increased its average operational hash rate 18% month-over-month to 22.4 exahashes, which helped drive the record production numbers. “In December, we increased our energized hash rate 4% to 24.7 exahashes and extended our lead as t…

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