Terrill Dickey
October 2, 2024 12:08
Marathon Digital Holdings (MARA) reports a 5% increase in active hashrate and a 6% increase in block wins in September 2024.
Marathon Digital Holdings (NASDAQ: MARA), one of the world’s largest publicly traded Bitcoin (BTC) miners, has released an update on its unaudited Bitcoin production and mining operations for September 2024. According to MARA, the company’s operating indicators have increased significantly. .
Hashrate and block win rate have improved significantly.
MARA’s active hash rate in September 2024 increased by 5% to 36.9 EH/s from 35.2 EH/s in August. The company also reported that it acquired 207 blocks, a 6% increase compared to 196 blocks in August. The total BTC produced this month was 705 BTC, a 5% increase from 673 BTC the previous month.
Fred Thiel, MARA’s Chairman and CEO, emphasized the strength of our globally diversified operations, saying: “The strength of our globally diversified operations was evident as we achieved significant uptime and increased energy hash rate to 36.9 EH/s in September. Block wins for the month were up 6% from August and BTC production was up 5% to 705 BTC. We are proud to have surpassed a marathon worth of Bitcoin HODL in September and now have nearly 27,000 BTC on our balance sheet.”
Progress toward future goals
MARA continues to work towards achieving its goal of 50EH/s by the end of 2024. The company is quickly energizing the sites it owns and operating more efficiently than originally planned. The conversion of the Granbury data center from air-cooled to MARA’s submerged containers is progressing on schedule and is expected to be completed before the end of the year.
In an effort to enhance environmental transparency and corporate responsibility, MARA has become the first publicly traded digital asset computing company to submit disclosures to the Climate Disclosure Project (CDP).
Operational Highlights
| metric system | September 30, 2024 | August 31, 2024 | % change |
| Number of blocks won | 207 | 196 | 6% |
| BTC production | 705 | 673 | 5% |
| Average daily BTC production | 23.5 | 21.7 | 8% |
| Sharing of available miner rewards | 5.2% | 4.8% | new mexico |
| Total transaction fee % | 1.7% | 2.7% | new mexico |
| Enabled Hash Rate (EH/s) | 36.9 | 35.2 | 5% |
As of September 30, 2024, MARA holds a total of 26,842 unlimited BTC. The company decided not to sell BTC during the month.
Commitment to environmental and corporate responsibility
In addition to its operational advancements, MARA has emphasized its commitment to environmental transparency by submitting disclosures to the Climate Disclosure Project (CDP). This initiative highlights MARA’s commitment to corporate responsibility and sustainability in the digital asset sector.
For further details, please refer to MARA’s official notice.
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