Marathon Digital produced 687 BTC in January, a 45% increase month-on-month, and sold 412 BTC to cover operating costs

Bitcoin mining company Marathon Digital said in its January operations update that it produced a record 687 bitcoins in January, a 45% increase from the 475 bitcoins produced in December 2022. Marathon Digital stated, “As Bitcoin production increases and the company becomes more stable, we have made a strategic decision to sell some Bitcoins as previously planned to cover some of our operating expenses and general corporate purposes. We intend to Continue to sell some of our Bitcoin holdings in 2023 to cover monthly operating costs.” Marathon Digital’s Bitcoin holdings increased from 7,815 Bitcoins on December 31, 2022 to 8,090 bitcoins, which means that the company sold 412 bitcoins in January.