Marathon Digital reports 6% M/M growth in new mine bitcoins, targets 13.3 EH/s in mid-2022

Marathon Digital (NASDAQ:MARA) produced 469.6 (+6% M/M) new minted bitcoins during August 2021 thereby expanding bitcoin holdings to ~6,695 with a fair market value of ~$316.4M. During August, the total network’s hash rate increased more than 15%, and during that same time. Cash on hand stood at ~$70.9M and total liquidity, defined as cash and bitcoin holdings, was ~$387.3M. On YTD, the company received ~21,584 top-tier ASIC miners from Bitmain with an additional 5,916 ASIC miners currently in transit. The company's existing mining fleet consists of 22,412 active miners producing ~2.3 EH/s. As of Sep. 1, 2021, Marathon’s mining fleet has produced ~1,757.9 newly minted bitcoins during 2021; monthly production update: Marathon currently holds ~6,695 BTC, including the 4,812.66 BTC the company purchased in January 2021 for an average price of $31,168/BTC. As of Sep. 1, 2021, Bitmain has delivered ~21,584 top-tier ASIC miners to the company's mining facility in Hardin, MT.