Mining Company Marathon Mined 1,258 BTC During First Quarter
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US cryptocurrency mining company Marathon Digital Holdings has mined 1,258.6 BTC during the first quarter of the year, which represents 556% more than during the same period last year.

In addition, the company has reported that it has increased its reserves to 9,373.6 BTC as part of its strategy of accumulating mined cryptocurrencies.

It is worth noting this amount includes 4,813 BTC purchased in January last year at an average price of $31,168.

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The last time that Marathon sold Bitcoin was back in October 2020.

As of March 31, the company's hashrate reached approximately 3.9 EH/s, an increase of 15% quarter-on-quarter. During the last month alone, Marathon received around 5,600 Antminer S19 ASIC miners from Bitmain, completing a deployment of 1,320 units.

The company currently has a total of 36,830 mining devices.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Notably, Marathon intends to expand its hashrate to 23.3 EH/s by early 2023 by adding approximately 199,000 ASIC devices.

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