US EditionMARA Shares Inch Higher In Wednesday's Pre-Market After Bitcoin Miner Targets 40% Hashrate Growth By Year-End - MARA Holdings (NASDAQ:MARA)
UNITED STATES, JUL 01 – MARA attributed a 25% drop in June Bitcoin production to weather-related issues and older equipment use while targeting 75 exahashes hash rate growth by year-end, CEO Fred Thiel said.
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MARA Shares Inch Higher In Wednesday's Pre-Market After Bitcoin Miner Targets 40% Hashrate Growth By Year-End - MARA Holdings (NASDAQ:MARA)
Shares of MARA Holdings Inc. (NASDAQ:MARA) are trading higher in Wednesday’s pre-market trading after the Bitcoin (CRYPTO: BTC) miner announced an ambitious hashrate target by year-end. What Happened: CEO Fred Thiel said the company wants to achieve 75 exahashes by the end of 2025, marking a 40% jump from 2024. “As the largest public bitcoin miner, this goal aligns with both our rapid expansion and commitment to low-cost power with efficient cap…
American mining company MARA (formerly Marathon Digital) reported mining 713 BTC in June, down 25% from the previous month. The company attributed the decline to weather conditions and equipment repairs.
The series of heat waves that has taken place since the beginning of June has had an effect on the Bitcoin Mining Industry (BTC), which in fact reports slowdowns and other consequences related to the heat wave. What is being played on Texas farms and elsewhere? The article Heat: the Bitcoin Mining Industry (BTC) slowing down due to extreme heat has appeared first on Cryptoast.
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