Marathon Digital Hits 50,000 Bitcoin Milestone With 57 EH/s Mining Power

Marathon Digital Holdings, a leading Bitcoin mining company, has reached a significant milestone by amassing 50,000 Bitcoin in its treasury. The company announced this achievement on social media, emphasizing that its increased mining power, now exceeding 57 exahashes per second (EH/s), was crucial in reaching this level of reserves. This enhanced computational strength not only supports Marathon's Bitcoin production but also establishes it as a key player in the digital infrastructure being developed across the U.S.

Marathon’s Bitcoin holdings, valued at approximately $5.47 billion, encompass assets held directly, those under management, and others used as loan collateral. Despite this substantial figure, Marathon still lags behind Michael Saylor’s Strategy, which holds more than 597,000 Bitcoin, making it the leader among public companies in this regard. Strategy continues to aggressively accumulate coins, recently adding nearly 5,000 Bitcoin in a single purchase.

Looking forward, Marathon shows no signs of slowing down. The company aims to reach 75 EH/s by the end of the year, a move that could significantly boost its mining capacity and solidify its position as the second-largest corporate Bitcoin holder. This milestone not only demonstrates Marathon’s dedication to Bitcoin but also indicates the growing institutional involvement in the digital asset space, where mining giants are becoming major custodians of value.