Company mined 598 bitcoin in the month; ends the first quarter of the calendar year with 1,871 bitcoin mined, up 22% from the prior quarter; 50MW Washington expansion on schedule.Total BTC holdings as of March 31: 196.Total BTC converted for operations and growth in March: 502.Currently deployed fleet of about 67,700 latest-generation bitcoin miners with a hashrate of 6.7 EH/s.
Marathon Digital Holdings
Produced company’s record 825 BTC in March, and a record 2,185 BTC in Q1 2023.Increased Hash Rate 64% in Q1 2023 to 11.5 EH/s as of March 31, 2023Reports Unrestricted Cash and Cash Equivalents of $124.9 Million and Increased Unrestricted Bitcoin Holdings to 11,466 BTC (c. $326.5 Million) as of March 31, 2023.
“During the month of March, Cipher expanded operations at its Odessa facility while funding both operating expenses and capital expenditures through ongoing operations. Cipher finished March with the potential to mine nearly 16 bitcoin per day.”
“During the month, we mined 424 BTC, added 30 BTC to treasury, and sold 394 BTC at an average selling price of $24,700 per BTC, in line with improving mining economics and lower debt obligations.””We ended March with $29 million in cash and equivalents, 435 BTC in custody, $22 million in vendor credits, and just $21 million in total indebtedness.”
“Argo Blockchain plc is pleased to announce the appointment of Jim MacCallum as Chief Financial Officer.””Argo mined 161 Bitcoin or Bitcoin Equivalents (together, BTC), or 5.2 BTC per day. This is a decrease of 10% over the 5.7 BTC per day produced in February 2023. The primary driver of the decrease in daily BTC production was the increase in network difficulty. In March, the average network difficulty was 11% higher than in February.””As of 31 March 2023, the Company held 85 Bitcoin or Bitcoin Equivalents.””The Company’s total hashrate capacity continues to be 2.5 EH/s.”