Does marathon digital holdings (Mara) sell bitcoin?

Fort Lauderdale, FL, March 05, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (“BTC”) production and miner installation updates for February 2024.

Why did marathon sell a portion of its bitcoin holdings?

The Company still intends to sell a portion of its bitcoin holdings in future periods to support monthly operations, manage its treasury, and for general corporate purposes. Marathon held $425.6 million in cash and cash equivalents on its balance sheet at month end, all of which was unrestricted.

How many bitcoin miners does marathon have?

All figures are rounded. These metrics are MaraPool only, do not include the joint ventures. In February, Marathon increased its operating fleet by 8% to approximately 231,000 Bitcoin miners, theoretically capable of producing approximately 28.7 EH/s, after approximately 16,000 of Marathon’s Bitcoin miners (c. 2.0 EH/s) were energized.