Marathon Digital Archives

BTC mining profits elusive as difficulty hits all-time high

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3 September, 2024

BTC mining profits elusive as difficulty hits all-time high

Bitbo data revealed BTC miner revenue hitting $827.5 million in August, lower than this year's peak of $1.93 billion in...

BTC block reward miners drowning in red ink as chasing the green gets harder

Business

Steven Stradbrooke

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14 August, 2024

BTC block reward miners drowning in red ink as chasing the green gets harder

The economic outlook for block reward mining in the U.S. is getting grimmer each day, with numerous miners registering plummeting...

BTC plunge will weed out struggling miners, further centralize control

Business

Steven Stradbrooke

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6 August, 2024

BTC plunge will weed out struggling miners, further centralize control

Alarm bell rings as market chaos ensued following a huge drop in several tokens' fiat price over the weekend and...

Trump to hype mining at BTC conference because selfish is as selfish does

Business

Steven Stradbrooke

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12 July, 2024

Trump to hype mining at BTC conference because selfish is as selfish does

Donald Trump managed to maintain his polling lead but refused to become lax, with rumors that the former U.S. president...

BTC miner Marathon Digital partners with Kenya to monetize unutilized energy

Finance

Steve Kaaru

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31 May, 2024

BTC miner Marathon Digital partners with Kenya to monetize unutilized energy

Marathon Digital pledged to invest $80 million in Kenya to develop tech projects, including green data centers, with the government...

Coinbase, Marathon Digital to report all cybersecurity breaches under new SEC rules

Business

Steve Kaaru

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4 August, 2023

Coinbase, Marathon Digital to report all cybersecurity breaches under new SEC rules

The SEC wants all publicly listed companies to disclose all their cybersecurity breaches unless they are deemed a national security...

Tech

Steve Kaaru

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15 May, 2023

BTC miner Marathon Digital subpoenaed by SEC over securities violation

The U.S. securities regulator first sent a subpoena to Marathon in late 2021 for alleged federal securities violations related to...

Marathon to launch Middle East’s first large-scale BTC mining operation

Tech

Steve Kaaru

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11 May, 2023

Marathon to launch Middle East’s first large-scale BTC mining operation

First announced in January, the operation is a joint venture between Marathon and Zero Two, a Web3 company launched in...

BTC miner Marathon Digital records $686M loss in 2022, revenue down 58%

Tech

Steve Kaaru

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20 March, 2023

BTC miner Marathon Digital records $686M loss in 2022, revenue down 58%

Marathon Digital was dealt a blow by the BTC price decline towards the end of 2022, with an impairment charge...

BTC miner Marathon Digital to launch $400M Abu Dhabi mining facility

Tech

Steve Kaaru

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3 February, 2023

BTC miner Marathon Digital to launch $400M Abu Dhabi mining facility

Marathon partnered with FS Innovation on the project, which it estimates will produce 250 MW of energy as it strives...

Marathon Digital settles with former CEO for $24 million

Business

Steve Kaaru

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20 October, 2022

Marathon Digital settles with former CEO for $24 million

The block reward mining company agreed to stock unit awards with former CEO Merrick Okamoto who stepped down last year...

Compute North files for Chapter 11 bankruptcy with $500M in debt

Business

Steve Kaaru

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26 September, 2022

Compute North files for Chapter 11 bankruptcy with $500M in debt

Compute North operates data centers for miners, including Marathon Digital and Hive Blockchain, but a $300 million loan has made...

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