Marathon Digital Holdings (MARA) mined 615 bitcoin in October, the highest monthly total in its history, showing that its struggle to bring hashrate online is behind it, the firm said in a press release on Wednesday.
Asset-light Marathon, which works with hosting firms and doesn’t own the infrastructure behind its mining machines, has has a tough few months.
Despite these headwinds, Marathon energized 32,000 machines during October, increasing its hashrate by 84%. The miner’s computing power is now 7 exahash/second (EH/s), the press release said, making it one of the world’s largest miners.
The rest of Marathon’s hashrate is supposed to come online by mid-2023 through a 200 megwatt (MW) hosting deal with Applied Blockchain (APLD), an additional 42 MW with troubled Compute North and 12 MW with undisclosed firms. The miner didn’t provide updates as to the progress of these projects.