Crypto miner Marathon Digital releases February 2024 output and mining rig installation update:
-A total of 833 BTC were produced and 290 BTC were sold this month;
-As of February 29, BTC holdings reached 16,930, and the total cash and BTC increased to approximately US$1.5 billion;
-The number of mining machines increased by 8% to approximately 231,000. After approximately 16,000 mining machines (approximately 2.0 EH/s) are powered on, they can theoretically produce approximately 28.7 EH/s of computing power.
Additionally, Marathon Digital still intends to sell a portion of its BTC holdings over the coming period to support monthly operations, manage its finances, and for general corporate purposes.