Marathon Digital Bitcoin Position Increased to 44,394 Bitcoins

In a social media post reflecting on 2024, Marathon Digital said it has transformed itself from a bitcoin mining company to a global leader in energy and infrastructure.

Key milestones were achieved throughout the year, including reaching 50 EH/s, tripling capacity to 2GW, adding seven new mines, increasing self-owned mines to 65 percent, and increasing its bitcoin holdings to 44,394 through a $2 billion 0 percent convertible bond.

In addition, the company pursued a zero-cost energy strategy, acquiring wind farms, utilising waste gas from oilfields to generate energy, and recovering thermal energy to heat 80,000 homes in Finland. The company also launches a two-phase immersion cooling system, a multi-chain Layer 2 network, and Slipstream, a direct submission tool for bitcoin transactions, and achieves the industry's highest return on capital, expanding its team from 56 to 152 people.