, 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.
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