Marathon Digital Sold No BTC During the Market Crash

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Marathon Digital mined 707 BTC during Q2, 2022, and similar to previous periods, did not sell any of its crypto possessions.

, the weather conditions in the northern state crippled the operations of all 30,000 miners that Marathon has deployed in the area. Moreover, those account for 75% of the company’s total active fleet. The damages are expected to be partially solved during July.

“Despite the current operational challenges, we are working to capitalize on hosting opportunities and are actively engaged with various hosting providers. Ultimately, we look forward to working through this near-term friction and striving to solidify Marathon’s position as a leader in our space,” Marathon stated in its report.

Adding the 707 BTC to the equation, the entity holds 10,055 BTC, which at current prices equals around $213 million. 1,966 BTC of that total stash was mined during the first six months of 2022.Unlike some other rivals, Marathon did not sell any of its holdings during Q2 this year. In fact, the last time it parted with some of its BTC was October 2020. It is worth noting that the company’s shares reacted positively to the news.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 568. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan.ArgoBlockchain hired an in-house derivatives trader to manage risk as it continued to sell bitcoin to fund operations and service its debt. egreechee reports ArgoBlockchain egreechee Interesting to know how much usdt the trader earns there
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

Mt. Gox Provides Important Update on Repayment Process, What It Means for Crypto MarketHow will the crypto market react if Mt. Gox actually returns all of the stolen BTC? $btc crypto mtgox
La source: Utoday_en - 🏆 295. / 63 Lire la suite »

Bitcoin ‘Fear & Greed’ index recovers to 2-month high after market sell-offAfter one of the worst quarters in their history, cryptocurrency prices might make a comeback, or at the very least,... Continue reading
La source: CryptoPanicCom - 🏆 563. / 51 Lire la suite »