• Latest
  • Trending
Marathon’s Bitcoin Holdings Grew Over 7k, Secures 0M Line of Credit with Silvergate in BTC & USD

Marathon’s Bitcoin Holdings Grew Over 7k, Secures 0M Line of Credit with Silvergate in BTC & USD

October 4, 2021

IamFuture launches the exclusive Web3 ecosystem that is built to master the cycles of the market.

June 30, 2022
Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

June 30, 2022
NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

June 30, 2022
Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

June 30, 2022
Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

June 30, 2022
Interlay (INTR) Trading Starts June 30 – Deposit Now

Interlay (INTR) Trading Starts June 30 – Deposit Now

June 30, 2022
Announcing the Relay VSCode extension | by Coinbase | Jun, 2022

Announcing the Relay VSCode extension | by Coinbase | Jun, 2022

June 30, 2022
Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

June 30, 2022
What’s Protocol Monetary Trade Policy, and Why Is it Such a Big Deal?

What’s Protocol Monetary Trade Policy, and Why Is it Such a Big Deal?

June 30, 2022
  • Contact Us
  • Privacy Policy
Thursday, June 30, 2022
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Marathon’s Bitcoin Holdings Grew Over 7k, Secures 0M Line of Credit with Silvergate in BTC & USD

Automatic by Automatic
October 4, 2021
in Crypto Technical Analysis, Top News
0
Marathon’s Bitcoin Holdings Grew Over 7k, Secures 0M Line of Credit with Silvergate in BTC & USD
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Bitcoin Mining

Marathon’s Bitcoin Holdings Grew Over 7k, Secures $100M Revolving Line of Credit with Silvergate Bank in BTC & USD

Crypto miner Hive reported HODLing 25,000 ETH and 1,030 BTC. It generated 221 BTC and 2,572 Ether in September, while Marathon minted 240.6 new BTC in the same month.

Bitcoin miner Marathon Digital Holdings (Nasdaq: MARA) announced on Monday that it had secured a $100 million revolving line of credit in Bitcoin and USD with Silvergate Bank.

The loan was actually secured on Friday and will be used to fund the company’s bitcoin mining operation and acquire new equipment.

The RLOC will be initially available for one year and may be renewed annually by agreement between both parties.

This was unveiled by the company while sharing production and mining operation updates. Marathon’s quarterly Bitcoin production increased 91% quarter-over-quarter to 1,252.4 BTC.

Last month, it minted 240.6 new BTC, and as a result, its total Bitcoin holdings grew to about 7,035 with a fair market value of $336.3 million in September. The company also holds $32.9 million of cash on hand.

“Our September production figures were impacted by a material increase in the total network’s hash rate, the ‘luck’ factor inherent in bitcoin mining, and two days of scheduled downtime at the Hardin power plant,” said Fred Thiel, Marathon’s CEO.

Marathon Digital also received 26,960 top-tier ASIC mining machines from Bitmain this year, with an additional 8,459 ASIC miners currently in transit. With this, the company’s current mining fleet stands at 25,272 active miners producing approximately 2.7 EH/s.

The Company anticipates all previously purchased miners to be delivered by mid-2022, and at that time, the mining fleet is expected to consist of 133,000 miners, generating 13.3 EH/s.

MARA shares’ value increased more than 200% YTD as the price of bitcoin rose significantly.

Another crypto mining company, HIVE Blockchain Technologies Ltd. (Nasdaq: HIVE), reported its quarterly revenue of $37.2 million for the three-month period ended June 30, 2021, an increase of 11% from the previous quarter and 466% from the same quarter last year.

During the same quarter, the company mined 225 Bitcoin and over 9,700 Ethereum. As of June 30, Hive holds $82.2 million of crypto assets.

“The first quarter of fiscal 2022 has continued the momentum that we had in fiscal 2021. It’s been an incredible year for HIVE. Despite the effects of COVID-19 and associated supply chain issues, we have achieved record results and continued to increase our Ethereum and Bitcoin mining capacity,” said Frank Holmes, Interim Executive Chairman of HIVE.

In the month of September, Hive mined 221 BTC and 2,572 Ether.

The company sold a small amount of Ethereum to upgrade its equipment with Nvidia’s latest generation of high-performing GPU chips. It now holds a total of 25,000 ETH and 1,030 BTC.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.



Source link

Related articles

IamFuture launches the exclusive Web3 ecosystem that is built to master the cycles of the market.

June 30, 2022
Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

June 30, 2022
ShareTweetShareShare
Previous Post

Judge Allows XRP Holders to Assist Court in SEC vs. Ripple Case

Next Post

Bitcoin moves past $49K as Facebook, Instagram, and WhatsApp go down

Related Posts

IamFuture launches the exclusive Web3 ecosystem that is built to master the cycles of the market.

by Automatic
June 30, 2022
0

AMSTERDAM, NORTH HOLLAND, THE NETHERLANDS, June 28, 2022 (GLOBE NEWSWIRE) — The international innovation team IamFuture is unfazed by the...

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

by Automatic
June 30, 2022
0

Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until...

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

by Automatic
June 30, 2022
0

Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical...

Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

by Automatic
June 30, 2022
0

Alex Dovbnya Grayscale Bitcoin Fund's discount has hit a record at 35% Shares of Grayscale Bitcoin Trust (GBTC) started trading...

Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

by Automatic
June 30, 2022
0

StocksThese stocks have low payout ratios, meaning that their dividends are well covered by earningsPhoto by Mikhail NilovThese dividend stocks...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store

Top News

Starbucks joins NFT party, UK government seeks stablecoin regulations and Crypto Twitter rallies behind cancer fighter, Hodler’s Digest: Apr. 3-9

Katie Haun’s VC Firm Leads $11M Round for Web 3 Community Platform Highlight

SHIB to List on DeFi Exchange Parex Tomorrow

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT