Due to the extreme weather conditions in Texas, Marathon Digital reduced 21 % less BTC in June

Due to the extreme weather conditions in Texas, Marathon Digital reduced 21 % less BTC in June
One of the leading cryptocurrency mining companies-Marathon Digital-produced 21 % less than the 1,245 BTC in June.
End last month the company had 12,538 BTC and was one of the largest corporate owners of the primary digital financial value. The BTC-Miner The Juni numbers
Remember that the temperatures in the Lone Star State over 35 degrees (Celsius) causes Preserver-Spaces = "True"> Some local cryptocurrency mining companies have temporarily stopped to maintain the power grid.
Despite the reduced production, CEO Fred Thiel explained that Marathon Digital had increased his operational hash rate by 16 % to 17.7 exahashes and his installed hash rate to 21.8 exahashes.
"The last steps to achieve our goal of 23 Eh/s are in Ellendale, ND, and Garden City, TX. The last building in Ellendale is expected to go online this month, and the final connection to Garden City is also expected in the same period", he added.
The company also added 18,500 BTC miners in the systems of Applied Digital in Ellendale, North Dakota, increasing the overall fleet to 149,900 machines. Marathon Digital usually sticks to a Hodl strategy. However, in June it separated from 700 BTC and intended to sell more of its assets in the future, "to support the monthly company, to manage the state treasury and for general corporate purposes". The company had 12,538 BTC (which corresponds to $ 385 million at current prices). The company ended in its balance sheet in June with $ 113.7 million of unrestricted means of payment and means of payment.
Marathon Digital had caused operational difficulties in the course of 2022 by the continuing bear market, massive storms and the endangerment of the North Center-Compute North. Nevertheless, it started well into the new year, Preserver-Spaces = "True"> mining 2.195 BTC in the first quarter (significantly more than the 1,259 BTC in the first quarter In 2022. "In the first quarter 2023, we made remarkable progress in the implementation of our two main initiatives for the year, which are to supply our previously purchased mining rigs with electricity in order to achieve our goal of 23 Exahashes by the middle of this year, and we are more effective and more efficient." - CEO Thiel explained. Marathon Digital also reduced his debt by $ 50 million and quit his credit facilities in the collapsed Silvergate Bank in the first quarter
. Great success in the first quarter