Marathon Digital Holdings, a leading Bitcoin mining company, has reported a 14% increase in hash rate and a 2% rise in Bitcoin production for October 2024. This growth is notable despite rising network difficulty. The company produced 717 BTC in October, with transaction fees accounting for 5% of the total Bitcoin produced.
Marathon aims to reach a 50 EH/s target by the end of 2024 by installing new miners, improving infrastructure, and energizing additional immersion containers. The company currently holds a total of 27,562 BTC, including 4,499 restricted BTC.
