Marathon Digital broke the record by mining as many as 1,853 bitcoins in December. This is the highest number of bitcoins mined by this company in one month. Interestingly, this record was set in the last month of 2023. The increase in mining clearly indicates that Marathon Digital is preparing for the Bitcoin halving.
In 2023, Marathon Digital broke records and more than one!
Bitcoin mining company Marathon Digital is currently the largest company of this type in the world. In December, she managed to break her own record. During December 2023 alone, the company mined 1,853 BTC worth approximately USD 80 million. Interestingly, 2023 was definitely a breakthrough year for the company. The result of 1,853 BTC mined in one month is an increase of 56% compared to November and 290% compared to December 2022. The company claims that their December result is the largest monthly total of BTC mined by a mining company.
This is supported by the data, as in January 2023, Core Scientific claimed to have mined a record amount of 1,527 BTC. This clearly shows that Marathon Digital has broken the record set by its predecessors. Fried Thiel, president and CEO of the company, claims that the record monthly production is caused by an 18.4% increase in computing power.
Preparations for the Bitcoin halving – the mining industry is ready
The rapidly approaching Bitcoin halving has many mining companies preparing for this moment. Cipher Mining purchased nearly 17,000 new excavators. Marathon Digital is not left behind, as in December the company announced the purchase of two BTC mining centers for USD 179 million.
It is worth noting that on December 28, Marathon Digital briefly topped the list of the highest-rated public companies among mid- and large-cap companies on the US market. The company announced a daily trading volume of USD 3.3 million, beating companies such as Tesla, Apple and Amazon. The entire market is preparing for the BTC halving, but the greatest activities in this area can be seen among mining companies. One of the leading BTC miners, Riot Platforms, announced on December 5 that it had purchased additional BTC mines worth USD 291 million. The race is on.
