Reserves of Mining Company Marathon Digital Reach 10,670 BTC
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Crypto mining company Marathon Digital Holdings mined a total of 616 BTC in September, resulting in its reserves standing at 10,670 BTC.

As of September 30, the company had on hand 6,841 BTC and approximately $55.3 million in fiat money with the exception of Bitcoins held for borrowing.

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Marathon's hashrate reached 3.8 EH/s at the end of the month with a hardware fleet of about 37,000 miners. In early October, the company increased capacity to 5.7 EH/s, deploying approximately 19,000 additional devices.

The company expects to install a similar amount of equipment over the next month, which will add about 2 EH/s more hashrate, with a target of 23 EH/s by mid-fiscal year 2023.

Marathon has recalled that most of its equipment runs on the premises of hosting provider Compute North, which has previously filed for bankruptcy. However, the company has assured the situation has not affected its business.

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