Marathon Digital Holdings has recently released updates pertaining to its Bitcoin production and mining operations in March 2023. The company was able to achieve a 21% increase in Bitcoin production, producing a record-breaking 825 BTC in March 2023, and 2,195 BTC in Q1 2023.
Additionally, Marathon Digital Holdings recorded a significant 64% increase in Hash Rate in Q1 2023, achieving a rate of 11.5 EH/s as of March 31, 2023. In terms of financials, the company is reported to have unrestricted cash and cash equivalents amounting to $124.9 million.
It is also noteworthy that the company’s unrestricted Bitcoin holdings increased to 11,466 BTC (equivalent to c. $326.5 million) as of March 31, 2023.