Despite
the
challenges,
the
miner
continues
to
see
reaching
hashrate
of
50
EH/s
by
the
year-end
and
plans
to
growth
it
further
next
year.
Marathon
sold
51%
of
the
bitcoin
it
mined
in
the
second
quarter
to
fund
its
operating
costs.
However,
it
recently
announced
that
it
bought
$100
million
worth
of
bitcoin
in
the
open
market
and
re-adopted
strategy
to
fully
hold
all
BTC
in
its
balance
sheet.
The
miner
now
holds
more
than
20,000
BTC
in
its
balance
sheet.
“During
the
quarter,
we
organized
the
internal
structure
of
the
business
to
better
align
with
our
growth
opportunities,
sharpen
our
strategic
focus,
bolster
accountability,
and
accelerate
our
speed
and
agility
as
we
scale,”
said
Thiel.
